Firefighters' Retirement Plan Spitballing, Annuities, and RMDs - 318

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

🗓️ 23 March 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Spitballing firefighters' retirement: deferred option retirement plans (DROP), HSA (health savings) vs. HYSA (high yield savings), and hear why YMYW always comes back to backdoor Roth IRA. Speaking of Roths, can you do a Roth conversion ladder with inherited IRA money? The fellas also break down required minimum distributions (RMDs) and they talk (or in Joe's case, rant) about variable annuities and indexed annuities. Access the transcript & financial resources, ask money questions: https://bit.ly/YMYW-318

Transcript

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0:00.0	Today on Your Money, Your Weld podcast number 318, join Big Al Spitball Retirement Plans for Firefighters
0:06.3	Todd in Maryland and Johnny in New Jersey. Learn along with the fellows about deferred option
0:11.4	retirement or drop plans and the difference between an HSA and an HYSA. And why is it that YMYW always
0:18.9	comes back to the backdoor Roth IRA?
0:24.1	Speaking of Roth's Landshark on Twitter wants to know,
0:27.9	can you do a Roth conversion ladder with inherited IRA money?
0:33.0	The fellas also break down required minimum distributions for Trevor and for Tom and Baton Rouge,
0:40.8	and they talk variable and indexed annuities for Johnny and for Ben and Trulovista, or rather Al Talks and Joe Rants.
0:48.8	I'm producer Andy Last, and here once again are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:52.2	Todd from Williamsport, MB.
0:53.3	That's Maryland.
0:55.3	Thank you, Andy.
0:57.5	I thought it was medical acting.
1:01.2	He's a doctor for Williamsport.
1:04.1	I was about to say doctor.
1:04.6	Yeah.
1:05.6	Hey, doctor.
1:06.2	Dr. Todd.
1:13.6	YMIW, thanks so much for hearing me out on episode 274. He corrected us.
1:15.6	Then at the bottom is his comment.
1:18.6	He corrected us and you guys said, we stand corrected.
1:20.6	Yeah, Todd's a smart guy. He's a medical doctor.
	...

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