Investing the Money from a Real Estate Sale - 242

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

🗓️ 8 October 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

You've sold your primary residence or your rental property. How should you invest real estate proceeds for retirement? When do Joe and Big Al say you shouldn't do a Roth conversion? What’s the math on federal vs state taxes when doing a Roth conversion if you move to a no income tax state? And how is your pension taxed if you move? Transcript, free resources, and show notes at http://bit.ly/YMYW-242

Transcript

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0:00.0	Today on Your Money, Your Wealth, Joe and Big Al answered 10 money questions and comments from
0:04.6	six YMIW listeners who have learned exactly how this podcast works.
0:09.4	Elaine sold her condo, Steve sold some rental property, and both want the fellas' input on
0:13.9	how they should invest the proceeds.
0:16.2	And it wouldn't be YMYW without some Roth contribution and conversion conversation.
0:20.4	Say that 10 times fast. Like when
0:22.8	does the fellas say you shouldn't do a Roth conversion? What's the map on federal versus state
0:27.7	taxes when doing a Roth conversion if you move to a no-income tax date? And what happens to the
0:33.2	taxation of your pension if you move? Plus, the fellow's comment on the retirement plan that listener Marion has mapped out for
0:39.2	her kids.
0:40.3	If you've got a money question or comment, get it in now.
0:43.0	Go to Your Money, Your Wealth.com.
0:44.7	Scroll down and click Ask Joe and Al on air.
0:47.6	I'm producer Andy Last, and here are Joe Anderson CFP and Big Al Clopine CPA.
0:54.0	Steve writes in, Alan.
0:57.3	It's got no location given.
0:59.6	Steve, follow the rules.
1:01.7	Yeah, that's one thing that we request is where are you from?
1:04.7	Yeah, we're giving you really good advice at no charge.
1:08.5	Well, it could be good.
1:11.0	Pretty good.
1:11.8	It's reasonable advice.
	...

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