What's the Best Way to Take Retirement Distributions? - 310

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 January 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Drilling down into the specifics of retirement distribution strategies: dollar cost averaging, pro-rata withdrawals, and buckets vs. the total return approach. Plus, a retirement withdrawal strategy with a side of pension and Social Security, another mortgage payoff question, the small business solo 401(k) trap, an LLC for a kayak side-hustle, and FIPhysician.com says nice things about YMYW. Access the podcast transcript and financial resources, and ask your money questions: https://bit.ly/YMYW-310

Transcript

Click on a timestamp to play from that location

0:00.0	Today on Your Money, Your Wealth podcast number 310, Kristen from Massachusetts wants to drill down into the specifics of retirement withdrawals with pointed questions on dollar cost averaging, distribution strategies, pro rata withdrawals, and the bucket approach. And of course, Joe and Big Al are happy to opine. Plus, a retirement withdrawal strategy with a side of pension and social
0:21.6	security for Jeff in San Diego. Another mortgage payoff question, this time from Richard,
0:26.8	Smitty and the small business solo 401K trap, a limited liability company or LLC for supply chain
0:33.4	manager Jeremy's kayak side hustle, and FI Physician.com says nice things about YMIW.
0:39.8	I'm producer Andy Last and here are the hosts of your money, your wealth, Joe Anderson,
0:44.7	CFP and Big Al Clopine CPA.
0:48.4	That's a long one.
0:49.7	We have three pages.
0:50.8	What are people thinking?
0:52.4	How long do you think it took Christian from Massachusetts to
0:55.4	like this? This was over weeks, maybe months. This is like her full financial plan.
1:02.3	Christian from Massachusetts writes in. And it's writing is an understatement. This thing is long.
1:10.0	And I think if it were any longer, you'd have to bind it in a book.
1:13.9	Right.
1:14.1	I'm going to give it my best shot, folks.
1:15.7	So this is a long one.
1:17.8	And you know me, if you've ever listened to this show before, I'm not a very good
1:21.7	reader.
1:22.8	That's why it's endearing.
1:24.1	It is very much.
1:24.8	But she starts it with, hi, fellas.
1:26.3	Hi, fellas. I kind of like that. That's
	...

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.