Pre-Holiday Q&A

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 2 December 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episodes questions: With a new child on the way, what should be done financially? What are collective investment trusts? Daughter being sold a structured annuity, what it it? Does it make sense to pay of home mortgage? Does it make sense to transfer a 403b to an IRA and what are the drawbacks? Can a health savings account (HSA) be moved to another HSA? Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:10.7	Well, hello again.
0:12.6	Let's start out today's exciting episode of Talking Real Money, the Friday Q&A show,
0:18.2	with a bit of a Nostra culpa.
0:21.4	It's not just a Mia culpa,, it's an usa culpa.
0:25.2	A multi-culpa is a Nostra-culp.
0:30.2	Who cares, right?
0:31.7	Just get on with it, Don.
0:34.0	Well, earlier this week, the end of November,
0:45.2	we had a call asking if you could take a tax loss outside of an IRA and then buy the same darn thing inside an IRA.
0:48.9	And, of course, we were just thinking logically.
0:51.5	We really didn't look it up.
0:55.0	And it's a question that literally has never come up.
0:57.4	So neither of us looked it up.
1:02.0	We looked at each other and went, yeah, that would be stupid if you weren't allowed to.
1:05.3	Well, it's the IRS.
1:08.2	So what do you think?
1:11.7	The IRS actually doesn't write the code.
1:13.5	It's Congress that writes the code.
1:18.3	And, you know, when you consider the fact that it's Congress that writes the tax code,
1:22.6	you can certainly understand why it's such a flipping disaster.
	...

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