How to Manage Financial Market Stress? With the Help of a Caddie - 398

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

🗓️ 4 October 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the financial markets fall and then surge, Joe and Big Al talk about market timing, reallocating retirement contributions, and portfolio rebalancing. Plus, your questions answered on estimated taxes, Roth conversions, and the logistics of inheriting IRAs and passing assets on. Finally, how is a financial advisor like a golf caddie when markets get volatile? Joe and his Pebble Beach golf caddie buddy, Big G from the Real Life Caddie Podcast, discuss how their professional knowledge and experience can help the rest of us avoid big mistakes. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bit.ly/ymyw-398

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 398, as the financial markets fall and then surge,
0:07.5	Joe and Big Al talk market timing, reallocating retirement contributions, and portfolio rebalancing.
0:13.2	Plus, your questions answered on estimated taxes, Roth conversions, and the logistics of
0:18.3	inheriting IRAs and passing assets on.
0:21.5	Finally, how is a financial advisor like a golf caddy when markets get stressful?
0:26.3	Since Big Al spent most of last month vacationing in Italy, we brought in our first YMIW guest since 2019.
0:34.0	Remember Joe's Pebble Beach Golf Caddy Buddy from episode 390, BigG from the Real Live Caddy podcast?
0:40.0	We wrap things up today with Joe and BigG discussing how their professional knowledge and experience can help the rest of us avoid big mistakes.
0:49.0	I'm producer Andy Last and here are the hosts of Your Money, Your Wealth, Joy Anderson, CFP, and Big Alclopine CPA.
0:56.9	People are freaking out.
0:58.1	A lot of emotions out there, really.
0:59.8	Yeah, market's been kind of strange, right?
1:01.9	Yeah.
1:02.5	And as soon as, you know, you get that tipping point where you're like, you know what, I got to get the hell out, guess what happens?
1:08.0	Yeah, it changes again.
1:09.4	Yeah, it turns around.
1:10.2	Yep. guess what happens yeah it changes again yeah turns around yep so yeah actually after you sell
1:12.9	that's exactly right after right so we got to be strong right got to be resilient right all right
1:20.2	all right let's get in and hopefully we can calm some nerves here today weG. Could not ask question online.
1:30.3	Okay, so what does that mean?
1:32.3	So April just emailed us directly rather than filling out the form.
1:36.3	Okay, but ARG, what does that mean?
	...

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