Will Estate Tax Law Changes Affect Your Family Financial Plan? - 292

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

🗓️ 22 September 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

How might Joe Biden's or Donald Trump’s changes to the lifetime estate tax exemption impact your estate plan? Plus, is there any reason to have pre-tax retirement accounts? How long does money have to be in a traditional IRA before a backdoor Roth conversion? Can annuities be converted to Roth? And more on dividends, long term capital gains, Vanguard’s Total Stock Market Index Fund, survivor Social Security benefits, and more. Access transcript and financial resources, send in money questions: https://bit.ly/YMYW-292

Transcript

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0:00.0	Hey, David T. Check your email. You are the randomly chosen winner of the $100 Amazon E gift card for completing the 2020 Your Money, Your Wealth podcast survey. So congratulations and thank you to all who participated. It's your opinions that help us make Y, MIW, a better podcast. Now, if you missed the survey, you can still share your thoughts or ask your money questions just by clicking the link in the description of today's episode in your podcast. Now, if you missed the survey, you can still share your thoughts or ask your money
0:21.3	questions just by clicking the link in the description of today's episode in your podcast app to go to
0:25.9	the show notes, then click Ask Joe and Al on air. Today on your money, your wealth, you know how great
0:32.6	Roth IRAs are, according to the Roth brothers here. So is there any reason to have pre-tax retirement accounts?
0:39.2	How long does money have to be in a traditional IRA before a backdoor Roth conversion?
0:44.0	Can annuities be converted to Roth?
0:46.2	And when can you pull Roth money out?
0:48.4	Plus, more on Vanguard's total stock market index fund, dividends and long-term capital gains once again,
0:54.0	an investor's portfolio
0:55.6	versus a speculator's portfolio, whether the wife or the ex gets spousal, survivor social
1:01.9	security benefits, and much more. But first, let's talk about real estate, both selling it and
1:07.0	passing it onto your heirs. How might Joe Biden or Donald Trump's changes
1:11.4	to the lifetime estate tax exemption
1:13.5	impact your estate planning?
1:15.9	I'm producer Andy Last,
1:17.2	and here are the hosts of Your Money, Your Wealth,
1:19.6	Joe Anderson, CFP, and Big Al-Quipine CPA.
1:23.9	Terry from Minnesota writes in.
1:26.0	Hi, Joe and Al.
1:26.7	This is Terry from Minnesota. This is a follow-up question to a recent YouTube pertaining to the sale of one-time rental property to now a primary home. Primary two out of the last five years. My question is, if I own the property before 2009, what I then qualified to sell as primary
1:47.3	residents currently toward the last five years and not pay any capital gains, really enjoy
1:53.6	your show.
	...

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