Retirement Investing, Roth Conversion Pros & Cons: YMYW Best of 2023 - 463

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

🗓️ 9 January 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re revisiting your favorite Your Money, Your Wealth topics and Derails of 2023 in this Roth and retirement investing mega-episode. Safe investing when you’re risk averse, mutual funds vs. ETFs, stable value funds, and estimating retirement income needs when you’re a young saver with a pension made the YMYW best of 2023 on the investing side. On the Roth side, what to do when there’s too much money in your traditional IRA, whether Roth conversions are really as good as they sound, and who’s right about the Roth conversion strategy, our listener or his advisor?

Timestamps:

01:05 - How to Safely Invest and Protect $400K When You’re Risk Averse (Tyler, OH – voice - from episode 425, among YMYW most popular 2023 episodes on YouTube)
07:43 - Stable Value Fund Vs. Brokerage Account for Living Expenses? (Sharon, Waukesha - voice - from episode 424, among YMYW most popular 2023 episodes on Apple Podcasts)
17:02 - Mutual Funds vs. ETFs in a Tax-Advantaged Account? (Midwestfabs, St Paul, MN from episode 420, among YMYW most popular 2023 episodes on Spotify)
23:40 - How Should Young Savers Invest Pensions and Estimate Retirement Income Needs? (Adam, Oregon - from episode 413, among YMYW most popular 2023 episodes on Spotify)
29:43 - I’m Not Sure Roth Conversions Are as Good as They Sound! (Christine, Seattle - from episode 440, among YMYW most popular 2023 episodes on Apple Podcasts)
39:31 - Who’s Right About My Roth Conversion Strategy, Me or My Financial Advisor? (Brad, Sarasota, FL - from episode 409, published at the end of 2022, but one of our 2023 top viewed on YouTube)
49:17 - We Have Too Much in Traditional IRA. How's Our Roth Conversion Plan? (Kelly, Idaho - from episode 423, among YMYW most popular 2023 episodes on YouTube)
01:00:59 - The Best YMYW Derails of 2023

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-463

Emotional Investing - YMYW TV
Emotionless Investing Guide - our special offer for a limited time, download it by this Friday!
Ultimate Guide to Roth IRAs - free download
Episode Transcript & YMYW Best-Of 2023 Lists!
Ask Joe & Big Al On Air for your Retirement Spitball Analysis

Transcript

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0:00.0	It's a Roth and retirement investing megastode. Today on Your Money, Your Wealth podcast number 463.
0:06.5	We're revisiting your favorite YMIW topics and derails of 2023 based on downloads and views on our most
0:13.7	popular platforms, Apple Podcasts, Spotify, and YouTube. Safe investing when you're risk averse,
0:20.2	mutual funds versus ETFs, stable value funds,
0:23.7	and estimating retirement income needs when you're a young saver with a pension, made the YMIW
0:29.2	Best of 2023 on the investing side. On the Roth side, what to do when there's too much money
0:35.0	in your traditional IRA, whether Roth conversions are
0:37.9	really as good as they sound, and who's right about the Roth conversion strategy, our listener,
0:43.3	or his advisor? Check the description of this mega episode to jump directly to any question,
0:48.7	to see which episode each question originally comes from, and to see where it was most popular.
0:54.6	I'm producer Andy Last with the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al-Clobine
1:00.1	CPA.
1:01.1	And first up is a voice message.
1:02.8	They always get priority here on YMIW.
1:05.6	Hi, Joe Allen, Andy.
1:07.3	This is Tyler from Ohio.
1:09.2	It's been a couple years since I've called in, but I have a new
1:12.1	situation that I was hoping to get your thoughts on. This involves my parents, who I would say
1:17.6	are highly risk-averse people. In 2009, they took all of their retirement accounts out of the
1:24.5	market despite significant penalty and loss and turn to real estate,
1:29.6	which my father's been doing all his life. They are now in their late 70s and have just
1:35.6	sold the last rental property that they have because it's time for them to get out. It's just
	...

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