Spitballing Diversified Portfolios for Retirement - 413
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 790 Ratings
🗓️ 24 January 2023
⏱️ 46 minutes
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Summary
How should young savers invest pensions and estimate their retirement income needs? Is going into your employee stock purchase plan a good portfolio diversification strategy? What do Joe and Big Al think of multi-year guaranteed annuities (MYGA), and dividend-paying stocks vs. ETFs? Plus, a $10.6M retirement spitball analysis, making extra mortgage payments vs. saving to a brokerage account, and contributing to Roth 401(k) vs. traditional 401(k). Also, will a 403(b) held by an insurance company be subject to separation costs or surrender fees when rolled to an IRA? And the specifics on when to file tax form 5500. Show notes, Why Asset Location Matters Guide and other free financial resources, transcript, Ask Joe & Big Al On Air: https://bit.ly/ymyw-413
Transcript
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| 0:00.0 | Today on Your Money, Your Wealth podcast number 413, how should young savers invest pensions and estimate their retirement income needs? |
| 0:09.2 | Is going into your employee stock purchase plan a good portfolio diversification strategy? |
| 0:14.8 | What do Joan Big Al think of multi-year guaranteed annuities or migas and dividend-pay paying stocks versus ETFs. Plus, the fellows talk |
| 0:23.0 | IPAs, porters, and bourbon through a $10.6 million retirement spitball analysis, making extra |
| 0:29.4 | mortgage payments versus saving to a brokerage account, and contributing to a Roth 401k versus a |
| 0:34.8 | traditional 401k when you're a tight ass. |
| 0:43.5 | Also, will a 403B held by an insurance company be subject to separation costs or surrender fees when rolled to an IRA? |
| 0:45.7 | And the specifics on when to file tax form 5500. |
| 0:49.4 | I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson, |
| 0:53.8 | CFP, and big out clopine |
| 0:55.7 | cpa we got anna from oregon right 10 goes jell big al nandi big fan of your podcast have |
| 1:03.2 | a question about pensions and how they factor into asset allocation overall retirement plan my wife and |
| 1:08.8 | i expect to receive a pension when we retire. She is a |
| 1:12.1 | federal employee and I'm a state employee. I'm 36 y'all and she's 38 yow. I've heard some people |
| 1:18.5 | consider their pension as bonds receive fixed income in their portfolios and then invest mostly |
| 1:24.2 | or entirely in equities. I think you have suggested that people first look at what |
| 1:28.8 | their income needs are in retirement and then subtract from that amount. They're expected pension |
| 1:34.2 | in order to figure out the gap and they will need to fill with non-pension funds. Very good, |
| 1:39.6 | Adam. You guys listening. Yeah, yep. And we agree with that. We are probably a couple of decades away |
| 1:47.2 | from retirement, so it's hard to say what our income needs will be. For now, should we invest more |
| 1:52.4 | heavily in equities and less in bonds? Yes. Or should we be less aggressive, knowing we have |
| 2:00.2 | that guaranteed income stream? |
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