Portfolio Drift, Avoiding Capital Gains, and a $6M Retirement - 530

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

🗓️ 20 May 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What should you do when the asset allocation of your retirement portfolio drifts? Joe Anderson, CFP® and Big Al Clopine, CPA spitball on rebalancing for DJ in St. Louis, today on Your Money, Your Wealth® podcast number 530. Plus, Coach Dobber in Minnesota is curious about municipal bonds in a brokerage account, and Daniel in Stevensville, Michigan needs details on emergency funds. Also, can Tim the Enchanter do a Roth conversion and avoid the nasty big pointy teeth of capital gains tax? And, Duke in upstate New York told his wife they need 6 million dollars in retirement, and she said he was silly. What say Joe and Al? We’ll find out.

Free financial resources & episode transcript: https://bit.ly/ymyw-530

ASK Joe & Big Al for your Retirement Spitball Analysis

SCHEDULE your Free Financial Assessment

SUBSCRIBE to YMYW on YouTube

DOWNLOAD more free guides

READ financial blogs

WATCH educational videos

SUBSCRIBE to the YMYW Newsletter

Timestamps:

00:00 - Intro: This Week on the YMYW Podcast
00:47 - Rebalancing Asset Allocation of US Stocks, International Stocks, and Bonds (DJ in St Louis)
07:21 - Can I Do a Roth Conversion and Have No Cap Gains Tax? (Tim the Enchanter, FL)
15:44 - Watch Financial Planning at Every Age on YMYW TV, Download the Retirement Readiness Guide for free
16:41 - Municipal Bonds in a Brokerage Account: Good Idea? (Coach Dobber, MN)
22:48 - Told My Wife We Need $6M to Retire in 20 Years. She Say's I'm Silly. (Duke, upstate NY)
27:09 - Calculate your Free Financial Blueprint, Schedule your Free Financial Assessment
28:54 - What Is an Emergency Fund and How Much Should I Have in It? (Daniel, Stevensville, MI)
36:00 - YMYW Podcast Outro

Transcript

Click on a timestamp to play from that location

0:00.0	What should you do when the asset allocation of your retirement portfolio drifts?
0:04.7	Join Big Al's football on rebalancing for DJ in St. Louis today on Your Money, Your Wealth
0:09.4	podcast number 530.
0:11.2	Plus, Coach Dobber in Minnesota is curious about municipal bonds and a brokerage account,
0:15.9	and Daniel and Stevensville, Michigan needs details on emergency funds.
0:19.9	Also, can Timney Enchanter do a Roth
0:21.9	conversion and avoid the nasty, big, pointy teeth of capital gains tax? And Duke in upstate New York
0:27.5	told his wife they need $6 million in retirement, and she said he was silly. What's say Joe and Big Al?
0:33.6	We'll find out. Click or tap, Ask Joe and Big Al in the episode description to get your own retirement's pitball analysis.
0:39.7	I'm executive producer Andy Last and here are the hosts of your money, your wealth,
0:44.0	Joey Anderson, CFP, and Big Al Clopline CPA.
0:47.3	All right, let's go to DJ from St. Louis.
0:50.4	You recently answered a question of mine regarding to have a 60-40 globally balanced fund in the decumulation phase or separate funds.
0:59.4	You both preferred three funds.
1:01.3	I don't think we preferred three funds.
1:03.3	I think we're just trying to keep it simple for you.
1:05.4	Yeah, there's more than three you might want.
1:08.1	But three is kind of what we, if you want to be as simple as
1:10.8	possible yeah because you wanted one fund yeah he's like should i go into one fund no don't
1:17.0	go into one fund if you want to keep it super simple go into three funds yeah at least have these three
1:21.5	but then now he's coming back to us big al okay he's like all right you preferred three funds, a global U.S. stock market fund, an international
1:31.9	fund, and a bond fund.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.