Tax Gain Harvesting, Active vs. Passive Investments… and Roth Conversions - 283

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

🗓️ 21 July 2020

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should you tax gain harvest or do a Roth IRA conversion? Should active or passive investments go in retirement accounts? If you’re on the younger side, why own bonds? Are Vanguard Roth accounts any better or worse than others? What’s the break even on taking Social Security early vs. late? Should you convert your 401(k) or retirement account to Roth all at once? Send in money questions and access the episode transcript and free financial resources in the podcast show notes: https://bit.ly/YMYW-283

Transcript

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0:00.0	Today on your money, your wealth, we've got all sorts of money questions on deck.
0:04.7	Should you tax gain harvest? Should active or passive investments go in your retirement accounts?
0:09.7	If you're on the younger side, why would you want to own any bonds?
0:12.9	Our Vanguard Roth accounts somehow better or worse than anyone else's.
0:16.9	And what's the break-even on taking Social Security early versus late?
0:20.5	See, we do talk about things other than Roth conversions.
0:23.3	That's not to say that we won't discuss Roth conversions because we do have a bunch of questions on them too.
0:29.2	As a matter of fact, we'll start with them.
0:31.1	Send your money questions in, Roth related or not.
0:33.8	Click Ask Joe and Big Al on air in the podcast show notes at Your Money, Your Wealth.com.
0:39.2	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, and don't call
0:43.7	him the Roth brothers, Joe Anderson, CFP, and Big Al Clopine CPA.
0:48.6	And then from Los Angeles, he's got a little voice recording. Let's hear what he's got to say, Al.
0:55.5	Hi, I watch a show on YouTube.
0:59.0	And my name is Evan, and I want to ask a question about converting.
1:05.0	I have $251,000 in a Roth, and I have $150,000 in an IRA that I'm now 56. So I was wondering if I should
1:18.2	convert that all at once or should just, I make under 40 grand a year, so I'm 12% tax bracket.
1:26.4	So I was wondering if I should do it little by little or just bite the bullet and do it
1:31.5	all at once.
1:33.3	Thank you so much.
1:34.3	By now.
1:35.3	All right, good question.
	...

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