ABOUT HOSTS

Joe Anderson
ABOUT Joseph

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 […]

Alan Clopine
ABOUT Alan

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 […]

Published On
August 27, 2016

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.”