Exchange Funds Explained, Roth Conversion Timing - 492
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 27 August 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
What is an exchange fund and is it a good thing if you have a lot of capital gains like Bryan in New York? That's today on Your Money, Your Wealth® podcast 492 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, what should be the timing and ordering of Billy Joe and Bobby Sue’s Roth conversion strategy to help them achieve 33 years of retirement income? Is Boston overspending or underspending in retirement? Should Andy keep life insurance policies for her kids with ADHD? How does the 5-year rule for Roth withdrawals apply to inherited Roth IRAs for Karen? Visit the show notes for the YMYW Podcast Survey and secret password (only for the next three days!), plus access the free financial resources listed below, and the episode transcript: https://bit.ly/ymyw-492
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Timestamps:
00:00 - Intro
00:37 - Roth Conversion Timing, Order, and 33 Years of Income? (Billy Joe & Bobby Sue, Indiana)
12:32 - Watch Social Security Basics You Need to Know: Common Social Security Questions Answered on YMYW TV, Download the Social Security Handbook
13:17 - I Have $1.2M Capital Gains. Pros and Cons of an Exchange Fund? (Bryan, NY)
23:28 - Download 10 Steps to Improve Investing Success, last chance to complete the 7th Annual YMYW Podcast Survey for your chance at a $100 Amazon e-gift card! (type in ymyw)
24:15 - We’ll Have $7M. Are We Underspending or Overspending in Retirement? (Boston)
35:13 - Should We Keep Life Insurance Policies for Adult Kids with ADHD? (Andrea, Seattle)
41:50 - How Does the 5-Year Rule for Roth Withdrawals Apply to Inherited Roth IRAs? (Karen, TX)
45:15 - Outro
46:22 - The Derails
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What is an exchange fund, and is it a good thing if you have a lot of capital gains? |
| 0:04.3 | That's what Brian in New York wants to know today on your money, Your Wealth podcast number 492. |
| 0:09.4 | Plus, what should be the timing and ordering of Billy Joe and Bobby Sue's Roth conversion strategy |
| 0:14.5 | to help them achieve 33 years of retirement income? |
| 0:18.2 | Is Boston overspending or underspending in retirement? Should Andy keep |
| 0:22.5 | life insurance policies for her kids with ADHD? How does the five-year rule for Roth |
| 0:27.2 | withdrawals apply to inherited Roth IRAs for Karen? I'm producer Andy Last and here are the hosts |
| 0:32.8 | of Your Money, Your Wealth, Joe Anderson CFP, and Big Al Clopline CPA. |
| 0:39.3 | Answering your money questions. |
| 0:41.1 | Go to Your Moneywalt.com. Click on. |
| 0:43.5 | Ask Joe and Big Al on air. |
| 0:45.1 | What is it? |
| 0:46.5 | That's what they click on. |
| 0:47.7 | Ask Andy. |
| 0:52.4 | We could just have it say, ask your money, your wealth. |
| 0:54.7 | Or ask Andy to ask the guys. |
| 0:55.2 | Right. |
| 0:57.1 | All right. |
| 1:01.0 | Got a lot of questions here to get through today. |
| 1:01.5 | We do. |
| 1:04.0 | What we got now? |
| 1:06.9 | Billy Joel and Bobby Sue. |
... |
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