I’m getting married this year. My fiance wants to convert a large portion of her traditional IRA to a Roth before we get married. Will we be taxed at her lower income rate or at mine? – Tom, Scripps Ranch Watch the full episode, Bridging the Retirement Gap at Any Age Make sure to subscribe […]
Maxing out Roth IRA, 457, and HSA – check. Pension – check. What else should you be doing to prepare for a successful retirement? (And do 40 chickens play a part?!) How do pension and Social Security fit into your equity and fixed income portfolio mix? Should you be more aggressive with Roth conversions? When planning for early retirement and considering inflation, is a 5% equities growth rate a good rule of thumb? Will a Spousal Lifetime Access Trust (SLAT) protect assets from a tax time bomb? Plus, an overview of the SECURE Act 2.0.
“Can you explain how long-term capital gains are ‘stacked on top’ of ordinary income?” Here are all the YMYW capital gains tax vs. ordinary income tax discussions, together in a single episode, to help you craft a tax-efficient strategy for managing dividends, Roth conversions, and paying less capital gains tax. Will your taxes be going up? Subscribe to the YMYW podcast and newsletter for the latest updates.
Will President Joe Biden’s American Jobs Plan make it through Congress? Kendle Smith CFP®, CRPC®, AIF® breaks down The American Jobs Plan proposal: where the money would be spent, the jobs it is expected to create, how we would pay for it, and how it may affect your retirement. Subscribe to our YouTube channel. IMPORTANT […]
In March 2021, the American Rescue Plan Act became law, providing additional relief for those impacted by COVID-19. The bill gave aid to the economy, public health, state and local governments, individuals, and businesses. In this guide, you’ll learn about… Recovery Rebates Enhancements to the Child Tax Credit Enhancements to the Child and Dependent Care […]
Spitballing firefighters’ retirement: deferred option retirement plans (DROP), HSA (health savings) vs. HYSA (high yield savings), and hear why YMYW always comes back to backdoor Roth IRA. Speaking of Roths, can you do a Roth conversion ladder with inherited IRA money? The fellas also break down required minimum distributions (RMDs) and they talk (or in Joe’s case, rant) about variable annuities and indexed annuities.
Choosing the pension lump sum or monthly payment: let it ride, roll it, or annuitize it? Plus, spitball analyses involving the 72(t) tax election, a donor-advised fund, 529 plans, and early retirement. Also, is growth on after-tax 401(k) contributions tax-free? How much of the portfolio should be in tax-free, taxable, and tax-deferred accounts? How does […]
Stimulus checks, CRD’s, and changes in RMD’s – if there is ever a year that you could make mistakes on your taxes, this is it. Last tax year, 747 billion dollars worth of tax deductions were claimed, but many more were missed. Financial professionals Joe Anderson and Alan Clopine want to help you avoid costly […]
The word “taxes” may not be on the top of everyone’s list of favorite things to address. But, with some forward-looking preparations, managing your taxes does not have to be burdensome with the help of this tax planning guide. In this guide, you’ll learn… Important Tax Deadlines 2021 Tax Brackets Tax Issues & Updates for […]
Twas the Tuesday before Christmas and all through Your Money, Your Wealth®, Joe and Al’s stockings were stuffed with your money questions: first, there’s equal withdrawal, rebalancing last year performance, 3 and 7-year moving average, the CAPE median, and more… so which strategy do the fellas like best for withdrawing money from a properly tax-diversified […]
Like most everything else in 2020, taxes are a little different this year. It is essential that you understand the short-term and long-term rules and regulations that guide how much you will pay to Uncle Sam. Financial professionals Joe Anderson and Alan Clopine guide you through the ins-and-outs of the changes in the tax acts […]
A final look at the CARES Act COVID stimulus package that allowed Coronavirus related distributions from retirement accounts and waived required minimum distributions in 2020. Joe and Big Al also discuss last-minute action items to reduce your 2020 tax burden, including Roth conversions, tax-loss harvesting, tax gain harvesting, and charitable giving strategies. The fellas go […]
This can’t-miss end of year 2020 tax planning webinar covers last-minute action items to check off your list to legally pay less in taxes. Pure Financial Advisors’ Joe Anderson, CFP® and Alan Clopine, CPA, hosts of the Your Money, Your Wealth® TV show, podcast, and radio show, explain how to use the latest tax legislation […]
The presidential election took place on November 3, 2020. What does this mean for your investment portfolio, and what 2021 tax planning strategies should you implement now? In this financial market update webinar, Pure Financial Advisors’ Executive Vice President and Director of Research, Brian Perry, CFP®, CFA, discusses the 2020 election results, what to expect […]
What is the MEGA backdoor Roth IRA conversion and should you do one? How do you create retirement income for the gap between retiring at 66 and taking Social Security at 70 and RMDs at 72? Joe and Big Al also answer a question on the taxation of an overseas inheritance, and they discuss your […]