Tariffs Killed My Portfolio. Should I Claim Social Security Early? - 531
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 27 May 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
Tariffs killed Carl’s investment portfolio and left him wondering if he should claim Social Security early. Joe Anderson, CFP® and Big Al Clopine, CPA spitball for him today on Your Money, Your Wealth® podcast number 531. Kelly and Steve in Pennsylvania ask for a three-fer spitball - when to claim their Social Security, whether they should contribute to Roth or convert to Roth for that lifetime tax-free growth on their investments, and if they’re on track for Kelly to retire in three years.
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Timestamps:
00:00 - Intro: This Week on the YMYW Podcast
01:21 - Tariffs Killed My Portfolio. Should I Claim Social Security Early? (Carl)
10:14 - Watch The Retirement Course: Can You Hit a Hole in One? on YMYW TV, Calculate your free Financial Blueprint
11:13 - When Should We Claim Social Security? Roth Contributions or Conversions? Are We On Track for Retirement? (Kelly & Steve)
25:00 - Download the Key Financial Data Guide, YMYW Podcast Outro
Transcript
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| 0:00.0 | Quick programming note before we get started today. |
| 0:02.8 | Over the next several weeks, I will be moving to Australia. |
| 0:06.3 | Video producer Aaron will be biking through Croatia. |
| 0:09.3 | Big Al will be vacationing across Japan and Europe, |
| 0:12.5 | and Joe will be enjoying his time in Arkansas and Minnesota. |
| 0:16.0 | In our absences, I may run some encore episodes, |
| 0:19.6 | some compilation episodes of previous content you may have |
| 0:22.3 | missed, and some shorter episodes like this one. But everything will go back to normal in July. |
| 0:28.0 | We're pretty sure. In the meantime, tariffs killed Carl's investment portfolio and left him |
| 0:33.4 | wondering if he should claim Social Security early. Join Big Al Spitball for him today on Your Money, |
| 0:38.8 | Your Wealth podcast number 531. Kelly and Steve in Pennsylvania asked Ray 3 for Spitball when to claim |
| 0:45.4 | their Social Security, whether they should contribute to Roth or convert to Roth for that lifetime |
| 0:50.2 | tax-free growth on their investments, and if they're on track for Kelly to retire in three years. |
| 0:55.9 | To ask your money questions or to get a retirement spitball analysis of your own, check the links in the episode description. |
| 1:02.0 | You'll see one that says Ask Joe and Big Al. |
| 1:04.8 | Click or tap that link, and before you start your ask, make sure you watch my video telling you how to make sure that your spitball is a good one. |
| 1:11.8 | Then send us a voicemail or an email. I'm executive producer Andy Last and here are the hosts of |
| 1:17.0 | your money, your wealth, Joe Anderson, CFP, and Big Al-Cloakline CPA. All right, we got a call or |
| 1:23.4 | a email from Carl. No location from Carl here. |
| 1:29.8 | Now, he emailed info at peerfinancial.com and he did not follow the rules. |
| 1:34.6 | Got it. |
| 1:35.2 | He goes, hey guys, just love your show. |
... |
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