Should You Switch Retirement Contributions to Roth? - 518
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 25 February 2025
⏱️ 40 minutes
🧾️ Download transcript
Summary
Is it better to save for retirement in traditional 401(k)s and IRAs, or in Roth accounts? That’s today on Your Money, Your Wealth® podcast 518 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, what are the rules around contributing to two different types of Roth accounts? If required minimum distributions will be staggered because of a couple’s age difference, should they convert their retirement savings to Roth, or leave it alone? But first, Joe and Big Al have a backdoor Roth conversion withdrawal debate to settle.
Access free financial resources and the episode transcript: https://bit.ly/ymyw-518
DOWNLOAD The Ultimate Guide to Roth IRAs for free
WATCH Will Your Money Last Through Retirement? on YMYW TV
DOWNLOAD The Retirement Lifestyles Guide for free
WATCH Is a Market Correction Coming in 2025? Q&A and Feedback (YouTube Exclusive)
ASK Joe & Big Al for your Retirement Spitball Analysis
SCHEDULE your Free Financial Assessment
SUBSCRIBE to YMYW on YouTube
DOWNLOAD more free guides
READ financial blogs
WATCH educational videos
SUBSCRIBE to the YMYW Newsletter
Timestamps:
00:00 - Intro: This Week on the YMYW Podcast
01:02 - Can Backdoor Roth Conversions Be Withdrawn at Any Time? (Tyler, Arlington, VA)
06:11 - Am I Allowed to Have Two Roth Accounts? Should I Use My Roth 403(b)? (Kimberly, NY)
07:06 - Should I Switch Contributions from Traditional TSP to Roth? (Kate, Cleveland, OH)
11:47 - Download the Ultimate Guide to Roth IRAs for free
12:43 - Self-Insuring Long-Term Care: Traditional IRA or Roth? (Neo, San Clemente, CA)
18:05 - Our RMDs Will Be Staggered. Should We Convert $4M to Roth or Leave It Alone? (Mike, Western PA)
22:00 - Should I Switch Traditional IRA Contributions to Roth? (Joe, NC)
25:39 - Watch Will Your Money Last Through Retirement? on YMYW TV, Download the Retirement Lifestyles Guide for free
26:31 - Should We Dial Back Pre-Tax Savings and Put More in Brokerage? (Herc & Angel, MA)
31:44 - We Can Mega-Save. What’s Our Plan of Attack? Ricky Bobby, Charlotte, NC)
38:42 - Watch "Is a Market Correction Coming in 2025? YMYW Podcast Q&A and Feedback" (YouTube Exclusive)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Should YMIW listeners be saving to their traditional 401ks and IRAs or their Roths? |
| 0:05.3 | That's up next on this episode of Your Money, Your Wealth podcast. |
| 0:08.8 | Plus, what are the rules around contributing to two different Roth accounts at the same time? |
| 0:13.6 | If required minimum distributions are going to be staggered because of a couple's age difference, |
| 0:17.9 | should they convert to Roth or just leave it alone? |
| 0:20.2 | But first, the fellas have a Roth conversion withdrawal debate to settle. Click or tap Ask Joe and Big Al |
| 0:25.5 | on air in the episode description to ask your money questions or to get a retirement spitball |
| 0:29.9 | analysis of your own. I'm executive producer Andy Last and here are the hosts of your money, |
| 0:34.5 | your wealth, Joe Anderson CFP and Big Al Cl big alco pine cpa right thanks again for joining us |
| 0:40.8 | it sounds like a roth show today yeah apparently yeah well i think there's a theme here awesome no problem |
| 0:47.2 | yeah i'm over roth been over roth for 10 years you're over it well just talking about it every week |
| 0:53.5 | over and over and over again. |
| 0:55.7 | I thought that's all you thought about. You guys are the Roth brothers now. Come on. |
| 1:01.8 | All right. Let's dive in. We got, hey, Andy Jobing out. This is Tyler from Arlington, Virginia. |
| 1:07.1 | I'm a full-time federal agent also owns a financial planning from providing advice-only |
| 1:11.4 | services to federal employees. All right, Tyler, what's the name of your firm so people can look |
| 1:16.8 | you up? I've been a huge fan of your show for years now and appreciate all the great information |
| 1:22.2 | you guys provide. You're part of the reason I got into financial planning. All right. Nice. |
| 1:27.2 | Drink of choice is seltzer water or iced coffee and non-work vehicle is a Kia Forte. |
| 1:34.5 | Boring, I know. |
| 1:35.9 | He's a federal agent. |
| 1:37.8 | He drinks ice coffee and seltzer water. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.