Joe Anderson and “Big Al” Clopine answer listeners’ investing questions on-air. Question topics cover pensions vs. lump sums, 401(k) rules, the fiduciary standard and more.
2:00 “Does the early withdrawal penalty on my IRA apply to me?”
4:40 “Never use your IRA (individual retirement account) for anything other than retirement.”
5:23 “Do 401(k) contributions have any effect on MAGI (modified adjusted growth income)?”
8:40 “Think of ‘above-the-line’ as things like income and direct expenses to that income whereas ‘below-the-line’ is generally personal expenses.”
11:14 “Which should I take, a monthly pension or lump sum buyout?”
16:56 “Why should I hire a fiduciary advisor?”
20:03 “Everybody needs a financial plan, but not everybody needs a financial planner.”
23:08 “If you can save money on taxes, your money is going to grow that much further and you can take less risk.”
23:51 “Are high yield bonds a good investment?”
26:26 “A high yield bond is going to be ordinary income, and you have to pay ordinary income taxes at the highest rate.”
29:50 “Do I need to pay capital gains tax on the sale of my retail space?”
33:27 “Which income option is best for a 70 year old?”
35:45 “You have to look at so many different options, you can’t look at this stuff in a bubble or you might make big mistakes.”
Listen to the YMYW podcast:
Amazon Music
AntennaPod
Anytime Player
Apple Podcasts
Audible
Castbox
Castro
Curiocaster
Fountain
Goodpods
Google Podcasts
iHeartRadio
Apple iTunes
iVoox
Luminary
Overcast
Player FM
Pocket Casts
Podbean
Podcast Addict
Podcast Index
Podcast Guru
Podcast Republic
Podchaser
Podfriend
PodHero
Podknife
podStation
Podverse
Podvine
Radio Public
Rephonic
Sonnet
Spotify
Subscribe on Android
Subscribe by Email
RSS feed
