Market Timing and Day Trading in a Roth IRA? - 290

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 September 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is timing the market and day trading in your Roth IRA in retirement a good idea? How are you taxed if you collect dividends vs. reinvesting? Plus, tax loss harvesting, asset allocation, investing in bonds, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) for spousal Social Security, and IRA vs. 529 plan for a newborn. Whew! Fill out the podcast survey for a chance to win a $100 Amazon e-gift card, send in money questions, and access free financial resources: https://bit.ly/YMYW-290

Transcript

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0:00.0	Complete the third annual YMIW podcast survey by September 21st, 2020 for your chance at a $100
0:06.8	Amazon E gift card.
0:09.0	Click the link in the description of today's episode in your podcast app to access the survey
0:13.2	right there in the podcast show notes.
0:15.3	No purchase necessary, U.S. residents only.
0:18.5	Sorry to the 368 listeners in Russia that put us at number 24 on the Russian
0:22.9	investing podcast charts. Today on Your Money, Your Wealth, the fellows are talking day trading
0:28.5	in a Roth. Roth conversions, of course, tax loss harvesting, retirement asset allocation,
0:34.8	tax on dividend paying stocks, investing in bonds, Social Security's weapon,
0:38.5	GPO, 529 plans. And they'll cover all of that in about 40 minutes. The rest of the show will be
0:44.6	all about Joe's fragile ego. I'm producer Andy Last, and here are the hosts of Your Money, Your
0:50.1	Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
1:00.2	Tim writes in, Joe and Big Al, big fan of your TV shows.
1:03.1	Not the podcast, just the TV show. Yeah, great.
1:04.1	It's okay.
1:04.9	After listening to your shows over time, so he listens to the TV show but doesn't watch it.
1:10.7	Yeah, because you have to see us and
1:12.9	who wants to see that? Interesting. Well, you and I have a hard time watching ourselves.
1:17.3	I've never watched one episode. Yeah, you did. You and I, we had to watch the first episode
1:22.9	with our producer and she told us everything we were doing wrong. Yeah. So after that, scarred for life.
1:29.5	All right.
1:30.1	So Tim goes, listening to your shows over time I've built up some quick fire questions that I would
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