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If you’re thinking of paying off your mortgage, Joe and Big Al can help you walk through your investing and tax strategy first. Plus, after maxing out your retirement accounts and health savings account (HSA) and owning rental real estate, how else should you save for retirement? (Hint: brokerage account.) As a self-employed small business […]
Cameron Huddleston discusses her book, Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances. But first, we talk glide path: should you invest more aggressively through retirement? Which assets should you spend before you take Social Security? What should your portfolio withdrawal strategy be if you don’t […]
Your Roth IRA questions answered: when should you do a Roth conversion? Should you wait until you’re in retirement to convert? What kind of income is it? How do you convert slowly so the tax bite doesn’t hurt so much? How long do you have to work before you can contribute to a Roth IRA? […]
An entire episode dedicated to money questions that run the gamut: from Roth conversions and the Mega Backdoor Roth strategy to IULs to insure future income, reverse mortgages in recession, divorce and retirement accounts, and much more. Listen to the podcast on YouTube: Subscribe to the YMYW podcast Subscribe to the YMYW podcast newsletter FOLLOW […]
Chances are your home is your biggest investment. How can you make the most of your home in retirement? Financial professionals Joe Anderson and Alan Clopine discuss the benefits of downsizing and dispel the myths about reverse mortgages. Transcript: Joe: Real estate is a very interesting asset class, and a lot of us already own […]
Plenty of risks threaten retirement, and today we focus on managing risks from longevity, inflation, sequence of returns, taxes, interest rates, and lost opportunity. Plus, Professor Jamie Hopkins from The American College and the New York Life Center for Retirement Income talks about how our risky investor behavior needs Rewirement (which happens to be the title of […]
Dr. Wade Pfau of RetirementResearcher.com returns to Your Money, Your Wealth® to share some incredible reverse mortgage strategies that can supercharge your retirement when executed correctly. He also updates us on the new rules for reverse mortgages since the 2018 tax law has changed, explains why they have traditionally gotten such bad press, and how […]
Are you getting close to retirement but aren’t sure if you will have enough of an income stream to enjoy your time in retirement? Financial Experts Joe and Al explore ways to produce more income with the largest asset many retirees own: their home. American College Professor, Wade Pfau, takes a look at the pros […]
Meir Statman, professor of finance at Santa Clara University and author of Finance For Normal People: How Investors and Markets Behave tells Joe and Big Al how smart people can avoid doing stupid things when it comes to investing. Also, are you house rich but cash poor as you approach retirement? The fellas have some strategies for making […]
A reverse mortgage gives you the opportunity to tap into your home equity. Joe and Al discuss whether a reverse mortgage is the right move to make for generating income. 1:02 “I’ve got a lot [to explain] about retirement that you need to be aware of, some new tax plan strategies, pros and cons of […]
Should you consider a reverse mortgage? In this second hour of the podcast, Joe and Al explain what a reverse mortgage is and why it’s growing in popularity as baby boomers age. Also discussed in this second hour: eight slow and difficult steps to becoming a millionaire, the 10 worst states to retire in, the […]
Joe sits down with Dr. Steven Sass from the Center for Retirement Research at Boston College to discuss the pros and cons of using a reverse mortgage. Download Dr. Steven Sass’ booklet on reverse mortgages, “Using Your House for Income in Retirement” 0:55 “Reverse mortgage is where you can access a chunk of the equity you […]
Find out how much income you can get out of a reverse mortgage, taking into account your age, line of credit, lump sum and lifetime yearly payments. 0:36 “A line of credit means you can take the money when you want to, you don’t have to take it all at once” 0:42 “[Line of credit] […]
Find out the three key ways to tap your home equity in retirement. CPA Al Clopine points out the benefits of downsizing your home, considering a reverse mortgage, and the importance of an emergency fund. 0:18 “By [downsizing your home] you can reduce your mortgage and potentially end up with more cash in your pocket […]
Have you looked at the value of your real estate lately? On this episode of “Your Money, Your Wealth,” CPA “Big Al” Clopine and CFP® Joe Anderson show you how to tap into your home equity so that you can utilize it as a retirement asset. Dr. Steven Sass from the Center for Retirement Research […]
