Do These 9 Simple Things to Improve Your Retirement

Dr. Stephen Wendel, Head of Behavioral Science at Morningstar, talks about the challenges that keep us from making good investing decisions, and 9 simple actions we can take to create a better retirement for ourselves. Plus, a quick look at how companies helped get out the vote for the midterm elections and some market movers and shakers. And of … Read more

Guest:  Steve Wendel Dr. Stephen Wendel, Morningstar

Podcast #195
IRA Strategies

IRAs: Everything You Need to Know

Most of you know putting money in an IRA is a great tool for saving for your retirement. But there is a whole other level of strategies and tools you can use beyond the basics that can help you maximize your IRA to its full potential. We will be covering IRA investment strategies, IRA contributions, minimizing your taxes on IRA … Read more

IRA Basics: What You Need to Know About Individual Retirement Accounts

IRA basics: What do you know about the individual retirement account, also known as an IRA? On tap today, contributing to an IRA, IRAs for small business owners, self-directed IRAs, and IRA mistakes to avoid. Plus, Joe and Big Al answer your questions – like what does an IRA make?

Show Notes

  • (00:57) IRA Contributions: Everything You Need to Know
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Podcast #189

Your 2018 Taxes: 10 Ways to Prepare and Save

2018 taxes will be very different than previous years. We’ve got 10 ways to make sure you’re properly prepared, and perhaps even reduce your 2018 tax burden. Plus, we talk about the benefits of Roth IRAs quite a bit – when might Roths be WRONG for you? And is it nuts to go with CDs in a traditional IRA?

Show

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Podcast #183

Use This Quick Calculation to See If You’re on Track for Retirement

Are you on track for retirement? Big Al Clopine, CPA created a YMYW Quick Retirement Calculation Guide to help you find out. If you’re a little behind in your savings, Big Al also has 3 ways to get caught up. Wondering if Joe contributed anything to this episode?? That would be a yes! We’ve got questions and Joe’s got answers Read more

Podcast #176

How Much Can You Really Spend in Retirement?

Retirement Researcher Dr. Wade Pfau explores the 4% rule for retirement withdrawals – just how much can you really spend in retirement? Joe and Big Al take on Dave Ramsey’s advice to pay off debt before saving for retirement, and they loudly debate the merits of real estate versus bonds in a portfolio. Also, IRA planning for the rest of … Read more

Guest:  Dr. Wade Pfau Wade pfau

Podcast #172

Jonathan Clements on The Secret to Defeating Ingrained Financial Failure Instincts

Jonathan Clements (HumbleDollar.com, former Wall Street Journal columnist) talks about how to get from here to financial happiness and success, defeating the instinctual urges ingrained in us by our hunter-gatherer ancestors – urges that often lead to financial failure. Plus, it’s graduation time, should you give the grad in your life the gift of a Roth IRA? Listen Read more

Guest:  Jonathan Clements Jonathan Clements

Podcast #171
How is a Roth IRA Different from a Traditional IRA?

How is a Roth IRA Different from a Traditional IRA?

Nate Ritchison, CFP® explains the differences between two commonly-used retirement accounts: the Roth IRA and the traditional IRA.

Transcription:

“The question I often get when I meet with clients is, “what’s the difference between a traditional IRA and a Roth IRA?” Well, let’s discuss the similarities and the differences between the IRA’s.

The similarities are, they’re retirement accounts, specified under … Read more

Nathaniel RitchisonNathaniel Ritchison

How To Tailor Your Retirement Income Strategy – And Why You Need To

Retirement nest eggs have become bigger, but fixed income rates of return are low. How do you create a cash flow? What strategy will allow your investment portfolio to provide income throughout your retirement? Joe and Big Al explain what matters when tailoring your own personal retirement income strategy. Plus, determining in which type of accounts you should have your … Read more

Podcast #148

What You Need To Know Before You Buy or Sell Gold

Peter Hug from Kitco describes the four types of people that buy precious metals, how to best buy and sell silver and gold yourself, and whether these commodities are similar to cryptocurrencies like Bitcoin and Blockchain. Joe and Big Al talk permanent vs term life insurance and tax reform. Plus, holiday gift ideas to transform the quality of life for … Read more

Guest:  Peter Hug Peter Hug

Podcast #145

9 Retirement Tips If You Don’t Plan to Retire

Retirement planning tips and benefits when you don’t plan to retire. Plus, how much should you have saved for retirement at different stages of life, how much has the average millennial saved, and the Roth 5 year clock: should you get married so you can take advantage of the fact that your new spouse’s Roth is already over 5 years … Read more

Podcast #143
Recharacterization

What is a Roth Conversion and Recharacterization?

Allison Alley, CFP® walks you through the details of what a Roth conversion is and how recharacterization could be an integral part of your tax planning strategy.

Learn more about how tax diversification can improve your odds of success.

Transcription:

“Today we’re going to talk about Roth conversions and recharacterizations. A lot of people are trying to transition
money … Read more

Allison AlleyAllison Alley

How To Rescue Yourself From Hitting Financial Rock Bottom

Financial Lifeguard, Christine Luken, explains how she used Mindful Money Management to rescue herself when she hit financial rock bottom, and how you can, too. Joe and Big Al answer questions on when the magic of compounding is gonna kick in, Roth conversions, required minimum distributions, and how Trump tax reform will affect both. Plus, paying off the mortgage in … Read more

Guest:  Christine Luken Christine Luken, The Financial Lifeguard

Podcast #136

Mind The Gap: How To Make More Than You Spend In Retirement

J. David Stein, host of the Money for the Rest of Us podcast, on managing emotions when it comes to investing and market volatility, and how to Mind the Gap between income and spending in retirement. If that gap is too large, we’ve got 99 side hustles that can help you make some cash. Also, 6 Tax Planning Tips to … Read more

Guest:  J. David Stein j david stein

Podcast #131