Sex and Immigration: How Do They Affect Social Security? - 203

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

🗓️ 8 January 2019

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Devin Carroll (Big Picture Retirement podcast, Social Security Intelligence blog) explains how sex could save Social Security and the surprising effect that immigration has on your benefits. Joe and Big Al answer your money questions: How should I diversify from a single highly appreciated asset? They discuss charitable remainder trusts, life insurance trusts, and the collar strategy. Plus, one of the most common questions: will I outlive my money in retirement? Transcript and show notes: http://bit.ly/YMYW-203

Transcript

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0:00.0	Today on your money, your wealth, if you own a whole bunch of stock in the company you work for and it's shot up in value, how do you diversify that?
0:07.2	Joe and Big Al discuss various sheltering strategies, and they get in the weeds on charitable remainder trusts, life insurance trusts, and the caller strategy.
0:15.3	Stick around to find out what that's all about.
0:17.2	The fellows also answer one of the most common retirement questions, will I outlive my money?
0:22.3	Somehow they end up gossiping about George Zimmer in the process. But before we get to all that,
0:26.9	Devin Carroll of the Big Picture Retirement podcast and Social Security Intelligence blog
0:31.4	joins us to share some surprising considerations when it comes to the future of Social Security.
0:37.1	I'm producer Andy Last and here with our guest, Devin Carroll, are Joe Anderson CFP and Big Alclopine CPA.
0:44.2	Devin, welcome to the show, my friend.
0:46.5	Hey, guys, thank you for having me.
0:48.6	Tell us about how sex can save Social Security.
0:51.9	Okay, so, you know, frankly, that topic was not my first choice.
0:57.6	But we were sitting around trying to figure out, okay, what are we going to call?
1:01.4	Because this originally came out of a video that I did on my YouTube channel.
1:04.8	And so we were thinking, okay, what can we call this to get people to click on it and
1:09.3	thus potentially understand the subject matter?
1:12.1	Because people on YouTube, their attention span is very short.
1:15.2	So if I would have called it the correlation of fertility rates and the longevity of the Social Security Trust Fund, no one would have clicked on it.
1:23.1	Right?
1:23.3	Yeah, not even me.
1:24.9	Yeah, right.
1:25.6	You're like, no, I don't think so.
	...

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