What to Do When You Own Too Much of One Stock - 338

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

🗓️ 10 August 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ways to diversify concentrated stock positions, like using a donor-advised fund. How does the IRS know if a required minimum distribution is a qualified charitable distribution? From which pool of money should you pull extra retirement income? Also, structured notes, & paying Grandma for daycare without impacting taxes on her pension - lump sum or monthly payments? Finally, thoughts on starting a career in financial planning. Podcast survey, transcript, resources, Ask Joe & Al: https://bit.ly/ymyw-338

Transcript

Click on a timestamp to play from that location

0:00.0	Tell us what you think. In our fourth annual Your Money, Your Wealth podcast survey for your chance to win a $100 Amazon E gift card, click the link in the description of today's episode and your podcast app to go to the show notes. The password to fill out the survey is pure, all lowercase. Help us make the podcast better and you'll be in the running for the hundred bucks you have
0:21.3	residents only no purchase necessary survey giveaway closes and winner chosen at 4 p.m. Pacific time on
0:27.6	August 31st 2021 today on your money your wealth podcast number 338 following on from last week's
0:35.1	episode what if your massive stock market gains are only in one or two stocks?
0:40.4	Joe and Al discuss options for diversifying those concentrated stock positions, including using a donor-advised fund.
0:47.1	Plus, how does the IRS know if a required minimum distribution is a qualified charitable distribution?
0:53.7	If you need extra income in retirement,
0:55.5	which pool of money should it come from? The fellows also offer their opinions on structured notes,
1:01.0	and they help Mike in D.C. come up with a strategy to pay Grandma for daycare without it
1:06.3	negatively impacting taxes on Grandma's pension. And should Grandma take that pension as a lump sum or a monthly payment?
1:12.6	Finally, some thoughts for those considering getting into financial planning as a career.
1:17.0	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
1:25.2	I'm going to go to Julia from... I'm going to go to Judy from San Diego.
1:32.0	Hello to the three musketeers of wealth.
1:35.3	That's nice of you, Judy.
1:37.3	Important stuff, 2015, Bue Concord.
1:40.9	But I bought a two-passenger golf cart to drive around town. That's awesome. I wonder what kind of
1:46.4	golf cart she got. Pets, we got a buster as the dog, a skooka-nugle-knu-Schnoodle. Two cats.
1:54.2	I like the skook-a-noggle. That's pretty good. Jay-J. and, you know, happy, retired, busy volunteering for Humane Society and Hospice.
2:05.1	Could you ever volunteer for a hospice?
2:07.4	That wouldn't be my thing.
2:09.1	I applaud people to do, but that would be tough for me.
	...

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.