Mailbag: All Of Your 2025 IRA Questions, Answered

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 18 November 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s clear there’s one thing HerMoney listeners can’t get enough of — retirement. There’s truly an endless amount to explore with this topic because whether you’re 65 or 25, we know the best time to start strategizing is NOW. And there’s one person that we turn to again and again for retirement advice, specifically when it comes to IRAs — Ed Slott. He's a CPA, a nationally recognized IRA distribution expert, and a best-selling author. This week, Ed was kind enough to join us again to tackle some questions from our community. CHAPTERS: 00:00 Understanding the complexity of IRAs 5:30 Why Roth conversions are so popular right now 9:30 Withdrawal strategies for retirement 13:30 Retirement options for small business owners 17:00 Choosing investments for your Roth IRA TAKEAWAYS: Roth conversions are up significantly this year Making Roth conversions is a smart move even in strong market years. When planning withdrawals, start with taxable accounts and wait on tax-advantaged accounts. Learn more about our Finance Fixx program here. Use code PODCAST for a $100 discount. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media podcast.
0:05.7	Her Money is proudly sponsored by Edelman Financial Engines.
0:09.7	When life gives us a financial windfall, first comes gratitude, then comes financial planning,
0:16.8	because being empowered with our money is everything.
0:20.5	To learn more, visit plan eFE.com slash her money
0:23.8	and schedule your complimentary wealth checkup today.
0:28.5	Love the holidays but hate grocery shopping.
0:31.6	I get it.
0:32.5	I love cooking for my family on Thanksgiving,
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1:33.5	Hey everyone, I'm Gene Chatsky.
	...

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