How Retirement Smart Are You? - 10

Your Money, Your Wealth

Investing, News, Business, Business News, Education

4.6 • 797 Ratings

🗓️ 12 March 2016

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 10 of the YMYW podcast, Big Al tests your retirement planning smarts by asking Joe and the listeners important retirement questions. How do you stack up? Original publish date March 12, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.

2:08 "The government must systematically devalue our currency so they can pay it back on cheaper dollars"

8:14 "Index funds tend to have very low expense ratios"

11:51 "Which of these pose a big threat to your retirement security? Inflation, investment ups and downs, outliving your financial resources or all of the above?"

16:02 "You want to stay liquid in your strategy because things will change in your life, in the stock market and in the tax code"

20:30 "You don't have to pay taxes on money you take out of a Roth IRA if you qualify"

25:18 "You have more control over how much you pay in taxes in retirement than any other time in your life if you just understand the strategies"

Transcript

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0:00.0	Pure Financial Advisors, a registered investment advisor.
0:03.2	This show does not intend to provide personalized investment advice through this broadcast
0:07.3	and does not represent that the securities or services discussed are suitable for any investor.
0:12.5	Investors are advised not to rely on any information contained in the broadcast in the process of making a full informed investment decision.
0:19.0	This is your money, Wealth, on Talk Radio
0:22.4	760, KFMV. Now, here's Joe Anderson and Big Al-Clopine.
0:28.7	Hey, welcome back. Welcome back to the show. Show is called Your Money, Your Wealth. My name's Joe Anderson.
0:33.5	I'm a certified financial planner. I'm with Big Al Kalopine. He's a CPA.
0:38.5	Show's called Your Money or Wealth right here on EM760, KFMB.
0:42.9	Alan, I got this email and it says, attention retirees.
0:47.6	If you have an IRA or 401K, you need to read this.
0:51.1	Okay, got your attention.
0:52.6	Is your IRA 401 at risk? Little known IRS loophole could
0:57.6	protect your retirement from financial collapse if you act before April 15, 2016. Okay. Wow.
1:07.6	Okay. All right. I regret to inform you that due to the irresponsibility of our government, everything
1:16.2	you've saved in your IRA 401 could be at risk.
1:19.6	Really?
1:20.6	Okay.
1:21.6	All right.
1:22.6	Do I have your attention?
1:23.6	Yes, you got it.
1:24.6	Fact.
	...

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