More Short Episodes
Does it make sense for Alex and his wife in Massachusetts to do Roth conversions now to the top of their eventual tax bracket? Steve in San Diego got serious about saving for retirement after Joe and Big Al gave him some tough love 5 years ago. Is he good to retire now, and should he convert to Roth? Can Barbara in New Jersey’s grandson move excess 529 funds to a Roth and withdraw the money after 5 years? P. Ware has a cunning plan to gift appreciated stock to avoid capital gains tax, but will it work? Should Mike create a limited liability company (LLC) for his rental properties? Qualified charitable distributions (QCD) don’t make sense to GetSmart Paul. Sherri in California wonders if her kids can inherit her savings account without any tax penalty, and whether there’s a safe, high-yielding investment she should put it in. Finally, Houry in New York wonders if her IRA can fund a charitable remainder unitrust (CRUT).
Barney and Betty in Maryland hit the jackpot. How’s Barney’s strategy for net unrealized appreciation, retirement withdrawals, and asset location for his $5 million employee stock ownership plan? Nick in the PNW will have $8 million when he retires early at 53. Should he contribute to his 401(k) or do the good ol’ mega backdoor Roth until then? Those are just a couple of the fat wallets Joe Anderson, CFP® and Big Al Clopine, CPA spitball on in this episode of YMYW. Plus, should Allen in New Braunfels’ recently widowed sister contribute to her traditional IRA and do some Roth conversions? Should Alicia in Denver take Social Security early to pay off her rental property, and how can Vern in Wickenburg Arizona buy a new home before or during the sale of his current home? Finally, Bryan in Washington needs to know the best investment strategy for his thrift savings plan, and Lyse in Georgia wonders when in a market downturn you should start spending your cash.
When purchasing a home, it’s often said to be one of the biggest investments you’ll make. But should you use it for your retirement? And how can rental properties contribute to your retirement goals? Pure’s Financial Planner, Jeff Brecht, CFP®, AIF®, will cover four key factors to integrate real estate investments into your retirement plan. […]
Should you save for a house down payment or invest for retirement? How much long term capital gains tax do you pay on a rental property when you sell it after 20 years, and how does a 1031 exchange work? Also, opening a Roth IRA with the Backdoor Roth strategy, and the 5 year Roth withdrawal rules explained. Plus, a couple retirement spitball analyses: are you saving too aggressively for retirement? Can you avoid the Medicare IRMAA, or income related monthly adjustment amount, and high taxes from required minimum distributions?
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Senior Financial Planner Matt Balderston, CFP® explains the different circumstances under which you can deduct the losses on your rental property, and the amounts of real estate losses that are deductible depending on your adjusted gross income. Transcript: We received a question on whether or not you can deduct rental real estate. Well, that depends […]
Travis Shakespeare, Director and Executive Producer of Playing with FIRE, talks about making the first-ever documentary about the Financial Independence / Retire Early or FIRE movement. Plus, Joe and Big Al answer your rental real estate investing questions and clear up some confusion around Roth 401(k) income limits and contributions versus conversions. Listen to the […]
Have you dreamed of being a real estate tycoon to help fund your retirement? Financial professionals Joe Anderson and Alan Clopine take a look at the key financial indicators to see if you are making a good investment when you purchase a rental property. From cash flow to depreciation, they discuss how to figure out […]
