Roth Conversions, the Rule of 55, and Retirement Withdrawal Regrets - 358

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

🗓️ 28 December 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Spitballing Roth conversions: a conversion and pension lump sum strategy, converting vs. harvesting 0% long term capital gains, and how to avoid double taxed Roth conversions. Plus, how to allocate assets when using the Rule of 55? Do retirees regret not spending more in retirement? Will paying a thrift savings plan loan with real estate income avoid income tax? Will assets be better protected against litigation in a TSP or an IRA? Show notes, free resources, Ask Joe & Al On Air: https://bit.ly/ymyw-358

Transcript

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0:00.0	Welcome to Your Money, Your Wealth podcast number 358, the final YMIW episode of 2021.
0:07.6	Today, join Big Al's football on what else, Roth conversions.
0:11.7	We've got a conversion and pension lump sum strategy, converting versus harvesting 0% long-term capital gains,
0:18.8	and how to avoid double taxation on a Roth conversion.
0:22.1	Plus, how should you allocate assets in preparation for using the rule of 55?
0:27.6	Do retirees regret not spending more in retirement?
0:31.6	Will paying off a thrift savings plan loan with real estate income avoid income tax?
0:36.6	And will assets be better protected
0:39.4	against litigation if they're transferred from a 401k to a TSP or an IRA? Get your money questions
0:46.4	in now via email or voice message for YMIW in 2022. Visit Your Money, Your Wealth.com and click
0:53.6	Ask Joe and Al on air. I'm producer Andy Last and here are the hosts Visit Your Money, Your Wealth.com and click Ask Joe and Al on air.
0:55.6	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson,
1:00.0	CFP, and Big Al Clopine CPA.
1:03.7	Mike writes in from PA.
1:06.3	It's Pennsylvania.
1:07.5	Yeah.
1:08.1	Now, my Tax Advisor turned me on to your podcast last week and I've been binging ever since.
1:13.6	Ooh.
1:14.6	Thanks, tax advisor.
1:15.6	Tax advisor.
1:16.6	Yeah.
1:17.6	Professionals are listening in.
	...

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