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Equitable accumulators, cash management accounts, and Social Security: with today’s market volatility, how can you squeeze a few more dollars of income out of your retirement savings? Any reason not to use a robo-advisor for decumulation, in other words, spending down those savings? Plus, a pension retirement spitball follow-up, and is it possible to avoid tax liability on a lump sum withdrawal from a 401(k)? Finally, is Joe’s marriage the canary in the Coors Light Party Ball for YMYW?
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If you own houses in your self-employed, self-directed solo 401(k), is converting a house a year to Roth to avoid required minimum distributions (RMDs) a good strategy? What’s an individual coverage health reimbursement arrangement (ICHRA) and is it a good healthcare option for those with C-corporations? When putting away retirement savings, should you contribute to a Roth IRA, a brokerage account, a 401(k), or your employee stock purchase plan (ESPP)? When it comes to step-up in basis, how do you determine the past fair market value of a home? And finally, what happens if you retire before your construction loan becomes a permanent mortgage?
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If you listen to Your Money, Your Wealth®, you know Joe and Big Al are all about having a plan for retirement. Using examples from past YMYW episodes, they cover five questions you need to answer before you retire – so you can stay retired.
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If you want to help your child pay for college, or even cover their whole education expense, diverting money earmarked for retirement savings or taking withdrawals from your employer-sponsored retirement plan is one of the fastest ways to derail your retirement. Bryan Ross, CFP®, AIF®, financial planner at Pure Financial Advisors, covers the basics on […]
Has the thought of how to pay for college expenses kept you up at night? It shouldn’t! Sometimes all you need is a plan and knowing what are the best options that relate to your situation. Johnson Andrews, CFP®, financial planner at Pure Financial Advisors, covers three popular college saving plans and their pros and […]
Is there a way to get out of a bad SIMPLE IRA and stash cash in a tax-free Roth account? Can an owner of a company, that’s being sold to another company, load up a Roth account with company shares before the sale, and have a big chunk of cash happily growing tax-free? (What exactly are disqualified persons and prohibited transactions?) When designating beneficiaries of an annuity in a community property state like California, does state law or the annuity owner determine the beneficiary?
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Consumer prices and producer prices are soaring and the Federal Reserve has increased interest rates. Brian Perry, CFP®, CFA®, Executive Vice President and Chief Investment Officer at Pure Financial Advisors, explains how inflation and the Fed are impacting your retirement investment portfolio, and how you can react intelligently. Outline: 00:14 – Inflation and the Fed […]
Have you ever had a water leak in your sprinkler system or your pipes and it was so small you didn’t even notice – at least until you got your bill? And then you are shocked – how could the bill be so big for a leak so small you didn’t even notice it? The […]
Richard Alexander, CFP®, AIF®, takes you through step by step: Step 1: How much do you have saved toward retirement? Step 2: How much do you plan to spend in retirement? Step 3: Add up the income streams you’ll have coming in during retirement Step 4: Calculate the difference between your income and spending Step […]
A lot of people have no idea how to determine if they’re ready to retire. Annie Chen, CFP®, AIF® will show you in just a few simple steps how to at least determine if you’re on track, along with a few additional considerations to help your transition into retirement go more smoothly. If you haven’t […]
Crypto for beginners: what should you consider before you do any cryptocurrency trading? Brian Perry, CFP®, AIF®, Executive Vice President and Chief Investment Officer at Pure Financial Advisors outlines the crypto pros and cons. Using the five-year returns of Bitcoin to illustrate the excessively high volatility of digital currencies, Brian discusses whether cryptocurrency effectively functions […]
Will the Senate pass the SECURE Act 2.0, and will it require a Roth option for retirement savings? Plus, “pandemic unemployment” from the CARES Act and the earned income tax credit. Next, are you eligible to make Roth contributions, and should you contribute only to Roth for retirement? Then, the pros and cons of consolidating retirement accounts, and some early retirement spitball analyses. When you plan to retire early, should you invest in dividend-paying stocks or real estate? And finally, is the bucket investing strategy really that complicated?
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Spitballing retirement for a police officer turning teacher, a self-employed small business owner, an early retiree with an employee stock ownership plan (ESOP) wanting to do Roth conversions and withdraw 5 or 6% in retirement, and a pension and Social Security analysis. Plus, how many months of expenses should you save in your emergency fund? Also, you may know where Ric Edelman and Dave Ramsey stand on 15 vs. 30-year mortgages and using cash vs. credit, but what does YMYW think? Kyle Stacey, CFP® fills in with Big Al Clopine while Joe Anderson is on vacation.
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April is Financial Literacy Month! Starting your career, getting your first job, or just getting started managing your money? David Cook, CFP®, explains how increasing your knowledge of earnings and income, spending, saving, investing, borrowing and debt is an important part of your financial journey. Subscribe to our YouTube channel. IMPORTANT DISCLOSURES: • Investment […]
April is Financial Literacy Month, an effort to highlight the need for more financial education for both adults and our nation’s youth. Why is it important for young people to understand and be able to use financial skills like managing money, budgeting, and investing? According to the ChooseFI Foundation: 74% of teens don’t feel confident […]
