“Hold It” Until You're Purple to be a Better Investor - 210

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

🗓️ 26 February 2019

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Behavioral finance expert Dr. Daniel Crosby talks about his latest book, The Behavioral Investor and cracks us up with stories of how "having to go" and other physiological, sociological, and psychological factors influence our investing choices. Plus, Joe and Big Al answer money questions about ACA subsidies and Roth conversions, strategies for reducing the tax burden on 1099 income to zero, and donating a required minimum distribution to multiple charities. Transcript and show notes: http://bit.ly/YMYW-210

Transcript

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0:00.0	This might possibly be the funniest interview we've ever had on this show.
0:04.3	As it turns out, physiological, sociological, and psychological factors influence our investing choices in ways you might not expect.
0:12.4	Today on Your Money, your Wealth, behavioral finance expert Dr. Daniel Crosby talks about the findings in his latest book, The Behavioral Investor.
0:20.3	Plus, Joe and Bigel answer your questions about converting your SEP IRA to a Roth,
0:24.8	stretch Roth IRAs and required minimum distributions, donating RMDs to charity, ACA subsidies
0:31.4	and Roth conversions, and strategies for reducing the tax burden on 1099 income to zero.
0:37.3	But first, grab a big gulp and settle in.
0:39.9	Here with our guest, Dr. Daniel Crosby, are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:48.4	Alan, it's that time of the show.
0:49.8	It is.
0:50.2	We get a guest, and I'm excited.
0:51.9	Yeah, he's one of my favorite guests.
0:53.4	He's been on the show several times.
0:54.9	Right. And he's a doctor. Yes. And that already classes up our show, doesn't it?
1:01.9	Dr. Daniel Crosby. How are you, my friend?
1:05.2	I'm laughing because you called me a doctor and no one ever does. So thank you.
1:09.5	Thank you for respecting me in ways my parents still don't. Oh, they don't call you a doctor and no one ever does. So thank you. Thank you for respecting me in ways my parents
1:12.2	still don't. Oh, they don't call you a doctor? No. Much to my dismay. You know, the last time
1:23.3	you were on, we were talking about the laws of wealth, which was a phenomenal. Oh, how many books
1:29.3	now? Is this like your fifth book? It is my fifth book, but one of them is a children's book.
1:35.2	Are we going to count a children's? Yes, we are. That's one of my favorite books. That's the one we
1:39.5	understand. Yeah, you're not as smart as you think you are, Or is what, it's something kind of with a little.
	...

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