Roth Conversions, Life Insurance & More: Email Round-Up - 238

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

🗓️ 10 September 2019

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

An entire episode dedicated to money questions that run the gamut: we’re talking about using indexed universal life insurance to insure future income, buying mutual funds or ETFs in an IRA, Roth contributions and conversions, changes to the thrift savings plan, doing a reverse mortgage leading into a possible recession, the Mega-Backdoor Roth strategy, what happens to retirement accounts in a divorce and more. Transcript, free financial resources, and show notes: http://bit.ly/YMYW-238

Transcript

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0:00.0	Today on Your Money, Your Wealth, Joe Anderson, CFP, Big Al-Clobine CPA, CPA, and Pure Financial Advisors, Executive Vice President and Director of Research, Brian Perry, CFP, CFA, are dedicating the entire episode to answering your money questions.
0:14.9	And they run the gamut.
0:16.3	We're talking about using indexed universal life insurance,ULs to insure future income, buying mutual
0:22.2	funds or ETFs in an IRA, Roth contributions and conversions, changes to the thrift savings
0:27.5	plan, doing a reverse mortgage leading into possible recession, the mega backdoor Roth strategy,
0:33.2	what happens to retirement accounts in a divorce, and a lot more. Pugh!
0:41.6	If you've got a money question of your own, go to Your Money, Your Wealth.com.
0:44.7	Scroll down and click Ask Joe and Al on air.
0:48.6	I'm producer Andy Last, and there will be no screwing around here today.
0:49.9	Let's get straight to it.
0:53.2	Gee, Los Angeles, L.A.
0:54.5	Gee, that's the name?
0:55.4	What up, G?
0:57.3	What up?
1:00.9	Hi, Joe, Big Al and Andy.
1:10.4	Joe, I see more and more financial advisors are suggesting index your number so life insurance, IULs, as a way to to ensure income in future.
1:16.2	Matter of fact, two advisors that I spoke with, they own IULs.
1:16.8	Go figure.
1:22.9	So why is Mosea P, say, buy term, and invest the rest.
1:29.4	If you like IULs, which company do you like and what index to tie to? Thanks.
1:34.7	Gee, yeah, I don't like IULs.
1:38.7	I don't like universal index universal life insurance.
	...

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