How to Get Tax-Free Growth on Investments for Life - 326

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

🗓️ 18 May 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Learn to rack up tax-free Roth retirement income: Roth IRA vs. Roth 401(k), paying the tax on a Roth conversion, avoid violating the 60-day rollover rule on a mega backdoor Roth, and Roth IRA contributions when receiving restricted stock units (RSU) in retirement. Plus, moving money from solo 401(k) to IRA before age 59.5, suggestions for a CFP® to be, and matching your umbrella insurance policy to your net worth. Access the transcript & financial resources, ask your money questions: https://bit.ly/YMYW-326

Transcript

Click on a timestamp to play from that location

0:00.0	Today on Your Money, Your Wells Podcast number 326, Joe and Bigel help you rack up more tax-free
0:06.4	retirement income in those ever-important Roth accounts. They'll talk about the pros and cons of a
0:11.7	Roth IRA versus a Roth 401k, how to pay the tax on a Roth conversion, how to avoid violating
0:17.6	the 60-day rollover rule when doing a megatron or excuse me and mega backdoor
0:22.5	Roth and Roth IRA contributions in retirement when receiving restricted stock units or RSUs.
0:28.9	Download a free copy of the ultimate guide to Roth IRAs from the podcast show notes at Your Money,
0:34.0	your wealth.com to find out how you can get lifetime tax-free growth on your
0:39.0	investments.
0:40.1	Plus, can you move money from a solo 401k to an IRA before age 59 and a half?
0:45.3	What suggestions do the fellows have for certified financial planner professionals to be?
0:50.0	And should your umbrella insurance policy match your net worth?
0:53.4	I'm producer Andy Last, and
0:54.8	here are the hosts of your money, your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
1:01.4	Schmitty from the villages, our boy, Schmitty. Hey guys, recently I transferred my individual
1:07.1	401k from Fidelity to Vanguard because Vanguard offers a WAA 41K option with their individual 401K from Fidelity to Vanguard because Vanguard offers a Roth 401k option with their
1:13.0	individual 401k. Fidelity does not. I asked my rep at Vanguard if they had any restrictions
1:20.0	with me moving money from my individual Roth 401k to my Roth IRA also at Vanguard. My rep said,
1:26.5	I'm free to do so. So I have two questions.
1:30.5	Can I move funds from my individual Roth 401k to my Roth IRA multiple times per year?
1:38.3	Or would there be restrictions? What are the pros and cons of leaving my funds in an individual
1:43.9	401k versus moving some of the funds out into my Roth IRA?
1:48.5	I don't believe I have the same access to all Vanguard index funds with either account.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.