Set-and-Forget Investing, Real Estate vs. Bonds, Pension, Social Security and Medicare - 416

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

🗓️ 14 February 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe and Big Al spitball on set-and-forget brokerage investments for 30-something investors, real estate as a substitute for bonds in a diversified portfolio, and options for taking a state pension with or without sick time pay. The fellas also discuss how to bridge the retirement gap until collecting Social Security, strategies for claiming spousal Social Security benefits, and whether you need to sign up for Medicare if you’d rather keep the healthcare you already have.

Timestamps:

00:49 - Set-It-and-Forget-It Brokerage Investments for a 30-Something Investor? (Chris, Scottsdale)
07:56 - Is Real Estate a Substitute for Bonds in a Diversified Investment Portfolio? (Don, VA)
12:42 - State Pension Options: $21K at Age 55 Plus $13K Sick Time, or $30K at Age 62? (Rich, NY/NC - voice message)
19:35 - Which Funds Should We Use to Bridge the Gap Until Collecting Social Security? (Jeff, San Diego)
25:29 - When Will I Receive Spousal Social Security Benefits? (Sharon)
28:37 - Spitballing a Spousal Social Security Claiming Strategy (G, Philly)
33:50 - Do We Have to Register for Medicare If We Aren’t Going to Use it? (Jim Santa Cruz)
39:03 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-416:

10 Ways the SECURE Act 2.0 Changes Your Taxes and Retirement Planning
Portfolio Tracker: How to Manage Your Assets at Any Age
Social Security Handbook
Medicare Checkup Guide
Episode Transcript
Ask Joe & Big Al On Air

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 416, join Big Al Spitball on set-it-and-for-get-it
0:06.1	brokerage investments for 30-something investors, real estate as a substitute for bonds in a diversified
0:12.1	portfolio, and options for taking a state pension with or without sick time pay.
0:17.5	The fellas also discussed how to bridge the gap until collecting Social Security,
0:21.5	strategies for claiming spousal Social Security benefits, and whether you need to sign up for
0:26.2	Medicare if you'd rather keep the health care you already have. Get your money questions answered.
0:31.6	Click the link in the description of today's episode in your favorite podcast app to go to the show
0:35.7	notes, then click Ask Joe and Big
0:38.0	Al on air and send them in via voice message or email. I'm producer Andy Last and here are the hosts
0:43.6	of your money, your wealth, Joey Anderson, CFP and Big Al Clopine CPA. I got one from
0:50.9	Scottsdale, Arizona, Chris. He goes, hey Joe. Oh, I'm sorry. Hey, Andy, Joe, and Vigal.
0:56.8	I'm obsessed with your podcast and I always look forward to a new episode every Tuesday so I can listen to it while running or sweating it out in the sauna.
1:04.4	Wow.
1:05.8	I want to follow up on my original question.
1:08.2	Thank you so much for answering it in reference to our capital gain situation. Oh, all right.
1:13.2	That was in episode 374. I would imagine you guys don't remember that one.
1:16.9	Do not remember that. Yeah. So anyway, he's much more educated on net investment income tax and how it's calculated with your spitball analysis.
1:25.3	We are very much enjoying traveling the countryside since the sale
1:29.9	of our primary residence back in June. In addition, I am most definitely not the most interesting
1:34.7	man in the world, as I'm too straight-laced and probably need to learn how to have more fun,
1:39.3	but these markets have definitely enjoyed a few more whiskey meats lately.
1:46.6	All right.
	...

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