Tax Postcard, Stretch IRAs & Life Insurance for Education - 234

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

🗓️ 13 August 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

ENTER TO WIN A $100 AMAZON GIFT CARD! US residents, fill out our podcast survey by August 18:

https://www.surveymonkey.com/r/2019ymyw

The revamped 2019 tax "postcard," how the SECURE Act could be a tax problem for those with IRA trusts, and is indexed universal life insurance a good investment for education costs? Should you roll your 401(k) to an IRA? How much can you convert from 401(k) to Roth after age 70 and a half? Will you go to jail for filing your taxes before receiving form 5498? Transcript, free financial resources, and show notes: http://bit.ly/YMYW-234

Transcript

Click on a timestamp to play from that location

0:00.0	All right, this is it.
0:01.1	Your chance to win a $100 Amazon gift card ends this Saturday, August 17, 2019 at 1159 p.m. Pacific time.
0:10.3	If you're a U.S. resident, just answer 15 questions in my second annual YMIW podcast survey.
0:16.3	It'll take you like five minutes.
0:17.9	You'll be entered to win the Amazon gift card, and you will help
0:21.2	us to make this podcast even better and more useful for you. Find the link to the survey right
0:26.7	in the description for today's episode in your podcast app or at the top of the podcast show notes
0:31.7	at Your Money, Your Wealth.com. Today, Joe and Bigel discussed the big revamp of the tax postcard for 2019 and the tax headaches
0:40.6	that the secure act could cause if you have an IRA trust plus they answer your money questions
0:45.9	is indexed universal life insurance a good investment for education savings and will joe need
0:51.5	an ambulance when answering this question of course we'll talk about rolling and converting 401k money and the fellows will let listener
0:58.6	Clint know if he's going to jail.
1:00.7	I'm producer Andy Last and here are the hosts of Your Money, Your Wealth, Joe Anderson,
1:05.4	CFP and Big Al Clopine CPA.
1:08.4	Hey, so tell me about the postcard.
1:10.6	Well, it's the most exciting thing of the week.
1:12.7	Tax-wise, right?
1:14.2	We have IRS revamps.
1:16.2	It's new postcard size tax return.
1:19.8	This is a draft return for 2019.
1:22.4	So you may recall that in 2018, we had new tax law, and part of the reason for the new tax law was to simplify
1:28.8	so that we could deal our taxes on a postcard.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.