Roth IRA Excess Contributions and the Pro-Rata Rule - 319

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

🗓️ 30 March 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Recharacterization of excess Roth IRA contributions, converting post-tax contributions to Roth 401(k), and the pro-rata rule. Plus, target date fund ladders? Also, investing 529 plan money, section 199A dividends from real estate investment trusts (REITs), and how Matt Stafford should save for retirement with his new $34M LA Rams contract (just in case you’re expecting a football player’s salary anytime soon.) Access the transcript and financial resources, ask your money questions: https://bit.ly/YMYW-319

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 319, Joe and Big Al are back on Roth IRAs, explaining
0:06.3	recharacterization of excess Roth contributions for Richard, converting post-tax contributions to Roth 401K
0:13.1	for David and NYC, where it was snowing back when he sent in his question, and they go over
0:18.1	the pro rata rule once again for Chris, who may or may not be cruising
0:21.7	the food trucks in Austin, Texas. And the fellas also climbed the ladder of target date funds for
0:26.6	John in Texas. They'll discuss investing 529 plan money for education, section 199 Kappa A dividends
0:33.4	from real estate investment trusts, and they'll spitball about how Matt Stafford should save for
0:38.4	retirement with his new $34 million contract with the L.A. Rams, just in case you're expecting a football
0:44.7	player's salary anytime soon. I'm producer Andy Last, and here are the hosts of Your Money, Your
0:50.1	Wealth, Tom Arnold, I mean, Joe Anderson's CFP and Big Al Clopine CPA.
0:56.1	All right, we got a question.
0:57.7	Hi, Andy, Big Al Joe.
0:59.2	This is Chris from Austin again.
1:00.9	It's a pleasure to get to ask you another question that you've probably answered many times.
1:05.8	But first, I don't think I've ever shared with you, but I drive a 2003 mountain gray Ford Tiberg.
1:15.2	Oh, well, Ford Tiberg. But prefer to drive my wife's performance tune and classically lowered
1:23.2	2001 Dodge Dakota quad cab truck when she lets me.
1:28.2	Wow.
1:30.4	So that's better than the T-Bird.
1:36.0	Got a T-Bird and a Dodge, Dakota quad-capped that's lowered.
1:36.6	Right.
1:38.5	Probably has some woofers in there.
	...

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