Invest or Pay Off the Mortgage? - 436

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 July 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s a common question: should you pay off your mortgage when you have extra cash, or invest for retirement? Joe and Big Al spitball on how Ms. Moneybags and her wife-to-be should use their upcoming windfall. Plus, what should Bob’s asset allocation be as he nears retirement? Should Harley and Harlene do Roth conversions after tax rates increase, and should they take advantage of net unrealized appreciation (NUA) on Harlene’s company stock? Pete needs a 13 year retirement plan sanity check, Lauren wants to know if she can retire early or at least go part time, and Michael and Carol want the fellas to spitball whether they’re on track for retirement.

Timestamps:

00:57 - Should We Pay Off the Mortgage or Invest Our Windfall On the Way? (Ms. Money Bags)
09:00 - What Should My Asset Allocation Be When Nearing Retirement? (Bob in New York)
17:21 - Should We Convert to Roth After Tax Rates Go Up? Should We Leverage NUA? (Harley)
29:04 - 10-13 Year Retirement Plan Spitball Sanity Check (Pete, AL)
38:15 - Can I Retire Early or Go Part Time and Stop Contributing to 401(k)? (Lauren, IL)
43:17 - Retirement Spitball: Are We On Track? (Michael & Carol, Las Vegas)
48:24 - The Derails

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Transcript

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0:00.0	It's a common question. Should you pay off your mortgage when you have extra cash or invest it for retirement?
0:06.1	Join Big Al's football on how Ms. Moneybags and her wife to be should use their upcoming windfall.
0:11.3	Today on Your Money, Your Wealth podcast number 436. Plus, what should Bob's asset allocation be as he nears retirement?
0:18.5	Should Harley and Harleen do Roth conversions after tax rates
0:22.7	increase? And should they take advantage of net unrealized appreciation or NUA on Harleen's
0:28.5	company stock? Pete needs a 13-year retirement plan sanity check. Lauren wants to know if she can retire
0:34.6	early or at least go part-time. And Michael and Carol want the fellas to spitball whether or not they're on track for retirement.
0:41.1	Get your retirement spitball analysis here.
0:43.6	Visit Your Money, Your Wealth.com, click Ask Joe and Big Al on air
0:47.0	and send the fellows a voice message or an email.
0:50.0	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth,
0:53.8	Joe Anderson, CFP, and Big Al Clopine, CPA.
0:57.5	Okay.
0:58.7	Hello from Minnetonka, Minnesota.
1:02.6	Minnetonka is.
1:03.6	It is.
1:04.0	Yeah, Lord Fletcher's used to hang out there quite often.
1:07.6	I have been listening in hanging on circa episode 30 or so.
1:15.4	Wow.
1:16.4	Ms. Moneybags.
1:17.3	Wow.
1:17.6	That's a long time.
	...

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