Saving and Investing for Retirement with Company Stock, Bonds, and VTSAX? - 355

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

🗓️ 7 December 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

How much company stock is too risky? Can I bonds be the "cash" in a portfolio? Would saving to a brokerage instead of 401(k) or 403(b) ever make sense? How should a self-employed investor in Vanguard's Total Stock Market Index Fund (VTSAX) get retirement-ready? How to pay for new home construction and keep the earned income and child tax credits? Should Roth conversion funds come from retirement, brokerage, or Social Security? Show notes, financial resources, Ask Joe & Al On Air: https://bit.ly/ymyw-355

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 355, YMIW listeners are dialing in their retirement
0:06.1	saving and investing strategies. Is it too risky to have 7 or 8% of your portfolio in your employer's
0:12.2	stock? Our series I bonds a good investment for the cash portion of a portfolio. Would it ever make
0:17.7	sense to save to a brokerage instead of maxing out a retirement account?
0:21.6	Besides investing each month in VTSAX, Vanguard's Total Stock Market Index Fund,
0:26.6	how else do Joe and Big Al think a self-employed 20-something couple should begin setting themselves up for retirement?
0:32.6	What's a good strategy to pay for construction of a new home while retaining the earned income tax credit and child tax
0:38.7	credits. And finally, does it make sense to convert to Roth from an inherited IRA, brokerage,
0:43.6	401k, or social security funds? Visit Your Money, Your Wealth.com and click Ask Joe and Al on air
0:49.8	to send in your money questions. I'm producer Andy Last and here are the hosts of your money,
0:55.0	your wealth, Joy Anderson CFP and Big Alclopine CPA. I started participating in my ESPP plan
1:03.6	earlier this year. The company gives me 15% discount on stock price. I deferred the maximum
1:10.1	allowed 15% of my pay.
1:12.2	The first accumulation period just ended in the stock purchase has taken place.
1:17.3	These shares represent about 2% of my total portfolio.
1:20.8	To avoid paying ordinary income tax on the gain, I'm considering holding stock for 18 months
1:25.7	after the purchase period.
1:27.4	But since a the purchase period.
1:28.0	But since a new purchase period happens every six months, I will go through three more
1:34.6	accumulation purchase cycles before I sell any shares.
1:38.4	So it's possible that the stock could grow as much as 7 to 8% of my portfolio. Is it too risky to have this much invested in my employer stock?
1:48.2	Would it be wiser to sell shares immediately after they purchase,
	...

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