Roth Conversions, Pension Lump Sums & Annuities: Is Bigger Always Better? - 581
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 790 Ratings
🗓️ 12 May 2026
⏱️ 38 minutes
🧾️ Download transcript
Summary
June in Washington State is 62 with $2.5 million saved and a $350,000 pension on the table. Should she take the lump sum or the monthly check for life? Spoiler alert: there's a 3-to-1 vote in the studio, and Big Al is the one, today on Your Money, Your Wealth® podcast number 581 with Joe Anderson, CFP®, and Big Al Clopine, CPA. Plus, how aggressive should “Homer and Marge” get with Roth conversions, and is it smart to pay the conversion tax from an inherited IRA RMD? Pompous Assets drops his big, fat wallet on the YMYW table next: with millions in tax-deferred and taxable accounts, why is his financial advisor fighting him on a Roth conversion? Of course, Joe and Big Al have some thoughts on the subject. Finally, Johnny Mercer in Georgia is eyeing an immediate income annuity and a MYGA. The fellas break down why that 7.5% “rate of return” might not be what he thinks.
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast
01:08 - Should I Take the Pension Lump Sum or Monthly Income? (June, WA State)
09:23 - How Much Should We Convert to Roth Each Year? (Homer & Marge)
16:26 - Should I Convert My Entire IRA to a Roth? (Pompous Assets, Arkansas)
23:00 - $5M All in Pre-Tax. Should I Buy an Annuity Before It's Too Late? (Johnny Mercer, GA)
36:00 - Outro: Next Week on the YMYW Podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | June in Washington State is 62 with $2.5 million saved and a $350,000 pension on the table. |
| 0:07.2 | Should she take the lump sum or the monthly check for life? Spoiler alert, there's a three to one vote in the studio and Big Al is the one. |
| 0:14.7 | Today on Your Money, Your Wealth podcast number 581. Plus, how aggressive should Homer and Marge get with Roth conversions and isn't |
| 0:22.8 | smart to pay the conversion tax from an inherited IRA RMD? Pompous assets drops his big |
| 0:30.0 | fat wallet on the YMIW table next. With millions in tax deferred and taxable accounts, |
| 0:35.5 | why is his financial advisor fighting him on a Roth conversion? |
| 0:39.6 | Of course, Joe and Big I'll have some thoughts on the subject. |
| 0:42.6 | Finally, Johnny Mercer in Georgia is eyeing an immediate income annuity and a miga. |
| 0:47.5 | The fellow's breakdown why that 7.5% rate of return |
| 0:51.5 | might not be what he thinks. |
| 0:53.5 | If you like what you hear today on YMYW, do us a favor and tell one friend about us. |
| 0:58.0 | Word of mouth is how we grow. |
| 1:00.0 | I'm executive producer Andy Last, and here are the hosts of your money, your wealth, |
| 1:04.0 | Joel Anderson CFP and Big Al Clopine CPA. |
| 1:08.0 | Let's go to June. |
| 1:11.2 | Okay. |
| 1:12.7 | Washington State. |
| 1:15.6 | Hello, Andy, Joe, Bigel. |
| 1:20.3 | I've been tuning in just since I discovered you guys a couple of years ago. |
| 1:22.1 | Still listening, June. |
| 1:23.4 | That's wonderful to hear. |
| 1:23.8 | Yeah. |
... |
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