Today on Your Money, Your Wealth podcast number 353, what do Joe and Big Al think of the buy,

borrow, die strategy of the Uber wealthy? And how can it work on a smaller scale? What happens to

the income stacking for capital gains if rough conversions are done in the same year? Does contributing

to a non-deductible IRA make more sense than post-tax contributions to a brokerage account

given ordinary income tax versus capital gains tax.

Also, how to minimize the tax when a trust is the beneficiary of your TSP,

estimating Social Security for a future salary of zero, and why delay Social Security to age 70 if you don't need the money?

Finally, is it bad etiquette to ghost a financial advisor?

And should you hire an advisor near you? Click Ask Joe and out on air at Your Money, Your Wealth.com

to send in your money questions and comments. I'm producer Andy Last and here are the hosts

of Your Money, Your Wealth, Joey Anderson, CFP, and Big Al Clopine CPA.

Hi again, pure financial crew. It's M from Sunny Florida.

Recently ran an article discussing Buy Borrow Die Strategy of Uber Wealthy.

And we'll love to hear your spitball discussion. Essentially,

one amasses a lot of capital.

It takes a comparatively small securities baseline of credit against the capital with very low interest rate rather than sell the capital

stocks and paying their taxes. At death, the assets get a step-up in basis when inheriting by

errors. wondering about how this strategy works on a smaller scale.

I was thinking maybe $10 million in a brokerage account in borrowing.

It's just borrowing.

Borrowing.

Borrowing.

...