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Motley Fool Answers

May [We All Stay Healthy] Mailbag

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 26 May 2020

⏱️ 49 minutes

🧾️ Download transcript

Summary

Motley Fool Contributor Dan Caplinger joins us to answer your questions about the backdoor Roth IRA, navigating the new RMD rules, tax gain harvesting and more.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Motley Full Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp,

0:08.0

personal finance expert here at the Motley Fool. Hey bro. Hello. It's the May Mailbag and we're

0:14.8

joined by Motley Fool contributor Dan Kaplanar. We're going to answer your questions about backdoor

0:19.4

Roth taxes, coronavirus distribution,

0:22.3

and what's a reasonable asset management fee with the family discount? All that and more on this

0:27.8

week's episode of Motleyful Answers. Hey, Dan, is this the first time you've been on answers?

0:34.0

I think it is, yeah. Wow, well, welcome. So, long-time fools might know you from writing on fool.com.

0:41.1

And I know you're also very busy every Wednesday doing the financial planning power hour on Fool Live.

0:47.0

But for everyone else who doesn't know you, why, you tell us a little bit about yourself.

0:51.5

How'd you become a fool? You i've been with the molly fool since

0:54.9

2006 uh i jumped over i had been a financial planner for a boutique wealth management firm in

1:03.4

los angeles um that turned out to be too good to be true that's a story we could take a whole hour on

1:08.7

actually but i won't do that now. And that got

1:12.9

me to apply. I'd been on the Motley Fool discussion boards for like four or five years,

1:18.8

and there was an opening in personal finance, long story short. I did the interview. They hired me,

1:23.6

and now they can, they have successfully managed to hang on to me, haven't managed to get

1:29.1

rid of me yet, and here I am. And where are you coming to us from? I am broadcasting from

1:35.1

Williamstown, Massachusetts, which is about as far from Boston as you can be and still be in the

1:40.1

great commonwealth. All right. Wonderful. Well, Dan, thank you so much for joining us and

1:44.6

answering our questions today. We're actually going to get started with a question for bro first.

1:49.4

So we'll give you a chance to sit back and watch how bro does it. Our first question comes from

1:55.1

Kevin. I manage the finances in our house and keep my wife informed of what I am doing,

...

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