Taxable Income, Dividends, Roth & SMA: What's Missing in Your Early Retirement? - 527

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

🗓️ 29 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are the pros and cons if Chip uses the money in his taxable brokerage account for early retirement income? Jack and Sally ask Joe and Big Al to spitball on whether they can retire around age 55 or 60, and whether they should max out their Roth or convert to Roth, today on Your Money, Your Wealth® podcast 527 with Joe Anderson, CFP®, and Big Al Clopine, CPA. Plus, April and Andy ask the fellas to spitball on their dividend investing strategy, and Don wonders if a separately managed account (SMA) makes sense for his taxable account. (We’ll also find out what an SMA is.)

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Timestamps:

00:00 - Intro: This Week on the YMYW Podcast

00:52 - Pros and Cons of Using a Taxable Brokerage Account for Early Retirement Income? (Chip Skylark, Dimsdale)

13:24 - Watch Your 11-Step Path to Financial Freedom on YMYW TV, Calculate Your Free Financial Blueprint

14:27 - Is My Dividend Investing Strategy Missing Anything? (Andy & April, Knoxville, TN)

25:02 - Can I Retire Between Ages 55-60? Should I Max Out Roth Contributions, or Convert to Roth? (Jack & Sally, NC)

31:18 - Download the Withdrawal Strategy Guide and 10 Steps to Improve Investing Success for Free

32:03 - Does a Separately Managed Account (SMA) Make Sense for My Taxable Account? (Don, IA)

40:46 - Next Week on the YMYW Podcast

Transcript

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0:00.0	What are the pros and cons if Chip uses the money in his taxable brokerage account for early retirement income?
0:06.1	Jack and Sally asked Joan Big Al to spitball on whether they can retire around age 55 or 60
0:10.8	and whether they should max out their Roth or convert to Roth.
0:14.5	That's today on Your Money, Your Wealth podcast number 527.
0:18.2	Plus, April and Andy asked the fellows to spitball on their dividend investing strategy,
0:23.2	and Don wonders if a separately managed account or SMA makes sense for his taxable account. We'll
0:28.8	also find out what an SMA is. If you've got money questions or want your own retirement spitball
0:33.7	analysis, click or tap Ask Joe Big Al on air in the episode description and send us your
0:38.6	deeds and do us a favor and watch the video on the ask joan big out page to find out how to make your
0:43.8	spitball a good one i'm executive producer andy last and here are the hosts of your money your wealth
0:48.9	joy anderson cfp and big out clopine c Okay, we got Chip Skylark from Dimmesdale.
1:00.6	What is that?
1:01.6	Nickelodeon.
1:02.2	Nickelodeon cartoon.
1:03.3	I actually looked it up because it seemed like it had to be a fake name.
1:06.8	And yeah, it's apparently from an animated series called The Fairly Odd Parents.
1:10.8	All right. Okay. Well, we would The Fairly Odd Parents. All right.
1:11.3	Okay.
1:12.1	Well, we would have not have known that.
1:14.5	Very cool.
1:15.5	So let's, we go, hey, Jill, Begal, I was hoping you could help me think through some things with my taxable brokerage account.
1:24.2	My wife and I are about 33 years old, and we have one child that's nine months
	...

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