The Real Keys to Being Rich and Truly Wealthy - 214

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

🗓️ 26 March 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brian Portnoy, Ph.D., CFA® (author, The Geometry of Wealth) on the difference between being rich and wealthy, and how to achieve both. Plus, what about tax brackets? Joe and Big Al respond to a challenge of their critique of Ric Edelman's critique of the Roth IRA. And they answer questions that stress the importance of understanding financial vocabulary in retirement planning: Roth contributions vs. conversions, the Roth 5-year clock, and the difference between transfers and rollovers. Transcript & show notes: http://bit.ly/YMYW-214

Transcript

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0:00.0	Brian Portnoy, Ph.D., CFA, is the author of the Axiom Business Book Award-winning book,
0:05.6	The Geometry of Wealth, How to Shape a Life of Money and Meaning.
0:09.5	Today on Your Money, Your Wealth, Brian talks about the difference between being rich and being wealthy and how to achieve both.
0:15.6	Plus, what about tax brackets?
0:17.8	Joe and Big Al respond to a listener challenge about their critique of Rick Edelman's
0:22.0	critique of the Roth IRA. And the fellas answer money questions about the difference between a
0:26.5	Roth contribution and a Roth conversion, the five-year clock on a Roth IRA, and the difference
0:31.2	between transferring funds and doing a rollover, all questions that highlight the importance of
0:35.8	understanding the vocabulary of finance
0:37.7	when it comes to your retirement planning.
0:39.6	This week, we've got two ways for you to get a free copy of Larry Swedro's book, Think, Act, and
0:44.0	Invest like Warren Buffett, for which Joe and Big Al wrote the forward.
0:47.5	So keep listening.
0:48.6	I'm producer Andy Last, and here with our guest, Brian Portnoy, are the hosts of Your Money, Your
0:53.0	Wealth, Joe Anderson,
0:54.2	CFP, and Big Al Clopine CPA.
0:57.0	Alan, you've got a PhD, CFA, joining us today, Brian Portnoy, wrote a great book, The
1:04.7	Geometry of Wealth.
1:05.7	This is the first time I think you've ever read someone's book before they came on.
1:08.9	I know.
1:09.9	Can you believe it?
1:10.9	No, I can't actually.
	...

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