Dividend-Paying Stocks and Investing Strategies at All Ages - 286

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 11 August 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing strategies for dividend-paying stocks and how the pro-rata rule for Roth conversions work with dividends. Plus, Wealthfront, M1, Paul Merriman? Should young investors use a robo-advisor or pay for financial advice? Also, thoughts on a Vanguard retirement portfolio and ideas for self-employed small business owners to save money in retirement plans like SEP IRA, SIMPLE IRA, and Solo 401(k). Send in money questions and access the episode transcript and free financial resources: https://bit.ly/YMYW-286

Transcript

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0:00.0	Today on Your Money, Your Wealth, Joe and Big Al dive into strategies for investing in stocks that
0:05.1	pay dividends and how the pro rattle rule for rock conversions work with dividends.
0:09.9	Plus, Wealthfront M1, Paul Merriman, Vanguard, the fellows opine about a young investor using
0:15.6	a robo advisor versus paying for financial advice, and they offer their thoughts on a vanguard portfolio for retirement.
0:22.6	Finally, ideas for young, entrepreneurial, self-employed small business owner types to save as much money for retirement as possible
0:29.8	with things like the SEP IRA, solo 401K, and simple IRA.
0:34.7	And of course, some stupid jokes and totally off-topic derails along the way.
0:39.1	I'm producer Andy Lask, but you can call me Hoss. And here are the hosts of your money,
0:43.8	your wealth, Big Al Clopine CPA, and our host of various sizes, Joe Anderson, CFP.
0:51.1	We got Kenny from Granite City here. Hello, Y, M-Y-W. Still listening and loving, loving the podcast. Now Joe and Andy are the best source of financial information on the net. Thank you, Kenny. I like to know how the Roth pro rata rules applies to dividends.
1:12.6	All right.
1:13.5	Well, let's talk about pro rata rules.
1:16.5	Okay.
1:16.9	First of all, because he might be confused on how the pro rata rule works.
1:22.2	I suspect.
1:23.2	So we'll start there, but I'll read on.
1:25.5	Okay.
1:25.8	As an example, if an individual on January 2nd were to buy stocks such as
1:32.2	Realty Income Corp, who pays a monthly dividend, can that person begin drawing that
1:36.8	dividend payment tax-free and without any other penalties?
1:41.8	Or similarly, are there penalties when taking dividend payments from a
1:47.6	traditional IRA or 401K? I know a better action is to allow the dividends to reinvest until
	...

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