How Much Should You Spend on a Wedding Ring?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 20 December 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How should a Financial Mutant go about buying a wedding ring? And where exactly does that fit into the Financial Order of Operations? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All right, let's answer some questions.
0:04.2	It's Brian Preston, the money guy.
0:07.2	Restoring order to your financial chaos.
0:10.2	Retirement, investing, taxing.
0:13.0	You've got financial questions.
0:14.6	He's got financial answers.
0:16.6	It's Brian Preston, the money guy.
0:20.4	Oh, here's a good one.
0:21.0	Here's a good one.
0:21.6	This is from Coaster.
0:24.3	This is a pretty simple one, but we're going to,
0:25.8	I bet we'll expand.
0:26.9	When doing a Roth conversion from IRA,
0:29.7	is there an annual limit?
0:33.0	First of all, what's a Roth conversion?
0:35.2	Yeah, Roth conversion is when you can take any,
0:38.5	like a traditional IRA,
0:40.8	roll-over IRA, anything that's pre-tax,
0:43.4	and you can essentially let your custodian and the government know,
0:47.4	I want to turn this traditional IRA into a Roth IRA
0:50.9	and I'm willing to go ahead and pay the income taxes on whatever it takes to do that.
0:55.2	If it was done with after-tax contributions,
	...

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