Is It Crazy to Be Happy Paying Tax on Massive Stock Market Gains? - 337

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

🗓️ 3 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is it better to pay tax on $5 million than on $1M? Also, an asset location strategy to lower RMDs and taxes but still maintain portfolio growth, and an argument against Roth IRAs. Is it valid? Plus, what counts as contributions if you withdraw from Roth after 5 years? Why not pay the tax on a Roth conversion out of an IRA? Roth conversions vs. the medical insurance ACA subsidy, and what? Joe, arrogant?! Podcast survey, free resources, transcript, ask money questions: https://bit.ly/ymyw-337

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 337, is it crazy to think that it's better to pay taxes on $5 million instead of $1 million?
0:09.2	Plus, Joe and Big Al spitball an asset location strategy to lower RMDs and taxes, but still maintain growth in the portfolio.
0:17.3	And they consider an argument against the Roth IRA. Is it a valid one?
0:21.6	Plus, what exactly counts as contributions if you want to withdraw them after they've been in your Roth for five years?
0:27.6	Can you convert 401 to Roth IRA over several years?
0:31.6	Why shouldn't you pay the tax on a Roth conversion out of the IRA you're converting from?
0:35.6	And what do you do about Roth conversions if you want to keep that ACA subsidy on your medical
0:40.6	insurance?
0:41.7	And what?
0:42.7	Joe arrogant?
0:44.4	I'm producer Andy Last, and here are the hosts of your money, your wealth, Joe Anderson,
0:49.1	CFP, and Big Al Clopine CPA.
0:52.7	Uh, Joe, Al, Andy, hello from from Unincorporated, Winnett County, Georgia.
0:59.0	I think that's right.
1:00.0	I think so.
1:01.0	Gwynett?
1:02.0	Yep.
1:03.0	I have a question about asset location in RMBs.
1:05.0	I'm 14 years away from my RMDs.
1:07.0	Does the following asset location strategy make sense in order to lessen
1:11.4	RMDs in the associate future taxes?
1:15.4	While maintaining overall portfolio, the strategy of reduced bonds held in the taxable
	...

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