Should Elections Change Your Investment Strategy?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 24 January 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxes. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:15.4 | All right, so this first one's from Simple Sounds. |
| 0:17.8 | This is what Simple Sounds said. |
| 0:19.4 | Should I always max retirement accounts first before contributing to my brokerage account? |
| 0:25.4 | My taxable bucket is completely empty, so not sure if I should divert some retirement |
| 0:30.7 | savings to taxable accounts. |
| 0:32.3 | So basically, hey, I'm following the food, and the food says max out retirement. |
| 0:37.2 | Is there a circumstance where maybe I should it max out my 401K, and I should start working |
| 0:41.4 | on the taxable bucket? |
| 0:43.0 | You know, this is a great question. |
| 0:44.6 | We get this all out. |
| 0:45.6 | Yeah, the free, deliverable resource for financial order of operations, money guy, dot |
| 0:50.9 | com slash resources. |
| 0:52.3 | Here's how well thought out this is, guys, and just thinking through this, and I want to |
| 0:56.0 | talk it through structure wise in this ridiculous costume, is that we've taught about the first |
| 1:01.9 | thing, you're going to have access to liquid capital through your emergency reserves, but |
| 1:06.6 | your deductibles covered, emergency reserves. |
| 1:09.6 | And then remember, don't forget in step three, we're going to have you, you go have, you're |
| 1:14.8 | going to be able to focus on actually step five, the Roth and Health savings accounts. |
... |
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