The Truth About High Income Investments and Retirement Safety - 560
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 791 Ratings
🗓️ 16 December 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
Today on Your Money, Your Wealth® podcast 560, Joe Anderson, CFP® and Big Al Clopine, CPA spitball business development company (BDC) funds for Edward in Illinois before diving into buckets of cash, T-bills, decumulation, and Roth conversion timing for Pebbles and Bam Bam. Plus, the fellas help 34 year old Keith in Connecticut figure out if he's actually on track, whether he's taking too much risk, or just worrying too much. They also spitball on the six-figure annuity gain that Gus in Philly's 95 year old dad has amassed. Finally, why yelling "never pay an advisor" on the internet doesn't necessarily magically turn MYGAs into the perfect investment for everyone.
(While Joe and Big Al enjoy a little seasonal downtime and Andi recovers from surgery, enjoy this encore presentation of these questions from a January 2025 episode.)
Free Financial Resources in This Episode:
https://bit.ly/ymyw-560 (full show notes & episode transcript)
10 Steps to Improve Investing Success - free download
Tax-Smart Charitable Giving Guide
6 Secrets to Bigger Tax Deductions from Your Non-Profit Donations - YMYW TV
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Chapters:
00:00 - Intro: This week on the YMYW Podcast
01:03 - What's the Risk With Business Company Development (BDC) Funds? (Edward, IL)
03:58 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles & Bam Bam, Kentuckystone)
12:02 - I'm 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT)
17:59 - MYGA Retirement Withdrawal Strategy for Dad (Gus in Philly)
23:00 - Just Buy Multi-Year Guaranteed Annuities (MYGAs) and Bonds (comment from Ken, YouTube)
28:04 - YouTube comments: State Taxes, Pro-Rated Sale of Primary Residence, Bonds vs. Pension, and PERMA
35:27 - YMYW Podcast Outro
Transcript
Click on a timestamp to play from that location
| 0:00.0 | How risky is that 10% yield you've been hearing about and why does no free lunch so often means say goodbye to your principal? |
| 0:07.1 | Today on your money, your wealth podcast number 560, join Big Al's football business development company funds for Edward in Illinois before diving into buckets of cash, |
| 0:16.6 | tea bills, decumulation, and Roth conversion timing for pebbles and bam-bam. |
| 0:21.4 | Plus, the fellows helped 34-year-old Keith in Connecticut figure out if he's actually on track, |
| 0:25.8 | whether he's taking too much risk or just worrying too much. |
| 0:29.1 | They also spitball on the six-figure annuity game that Gus in Philly's 95-year-old dad has amassed. |
| 0:35.6 | Finally, why yelling never pay an advisor on the internet doesn't |
| 0:39.2 | necessarily magically turn migas into the perfect investment for everyone. While Joe and Big Al, |
| 0:45.0 | enjoy a little seasonal downtime, enjoy this encore presentation of these questions from a January |
| 0:50.5 | 2025 episode, you know, back when we were all still catching up from last year's |
| 0:54.6 | holiday hangover. |
| 0:55.8 | I'm executive producer Andy Last, and here are the hosts of your money, your wealth, |
| 0:59.8 | Joy Anderson, CFP, and Big Alclopline CPA. |
| 1:03.1 | Edward, he's in Illinois. |
| 1:05.2 | He's like, I have been buying BDC funds. |
| 1:09.0 | They are paying close to 10% evidence and at least recently slight nav growth |
| 1:16.1 | and net asset value. I don't completely understand the risk of these funds. I know they make |
| 1:22.5 | loans to businesses that can't get traditional financing. I'm just wondering what the risk is. |
| 1:27.4 | By the way, I drive a 22 Toyota Highlander. |
| 1:31.0 | Enjoy Miller Light after golf. |
| 1:33.3 | I played 100 rounds this year. |
| 1:35.9 | Too bad, most of them are forgettable. |
... |
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