Today on Your Money, Your Wealth® podcast 412, Joe Anderson, CFP® and Big Al Clopine, CPA are back with a SECURE Act 2.0 recap and a proposed backdoor 529 plan strategy from the new law. Plus, is there a scenario where it makes sense to not max retirement accounts, to avoid being retirement rich and cash poor? Also, the fellas’ thoughts on a break-even point for Social Security, required minimum distributions (RMD) from inherited IRAs, and Roth IRA strategies: the 5-year rules for Roth withdrawals, preserving Roth money and avoiding early withdrawal penalties, and Roth conversions to offset brokerage account losses. Show notes, transcript, free financial resources, Ask Joe & Big Al On Air for your Retirement Spitball Analysis: 00:00 - Intro 01:17 - SECURE Act 2.0 Post-Retirement 529 Backdoor Roth IRA Strategy? (Eric, Sacramento) 06:22 - High Level SECURE 2.0 Recap 09:12: SECURE Act 2.0 Guide - free download: 09:51 - What’s the Break-Even Point to Claim Social Security Early With Pensions and Longevity? (Roberto, Minneapolis) 15:13 - I’m 66 and Confused about the Roth Conversion Five-Year Rules (Tom) Download the Guide to the 5-Year Rules for Roth Withdrawals: 19:32 - Does This Strategy Avoid the Early Withdrawal Penalty and Preserve Roth Funds? (Jackson, Delaware) 27:15 - Can a Traditional IRA to Roth IRA Conversion Offset a Brokerage Account Loss? (Bob, San Diego) 29:42 - Get a Retirement Spitball Analysis: Ask Joe & Big Al On Air: 30:09 - Does Saving to Brokerage for Early Retirement Instead of Maxing Retirement Accounts Ever Make Sense? (Renee) 35:44 - Required Minimum Distributions from an Inherited IRA Explained (Paul, Southern NJ) 43:18 - The Derails Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with any one of our experienced financial professionals: Office locations: Subscribe to our YouTube channel: Subscribe to the Your Money, Your Wealth® podcast: IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period....(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
https://inflationprotection.org/secure-act-2-0-retirement-rich-cash-poor-your-money-your-wealth-podcast-412/?feed_id=63386&_unique_id=63ce7cbb4441b #Inflation #Retirement #GoldIRA #Wealth #Investing #CertifiedFinancialPlanner #CFP #cpa #feeonly #Fiduciary #FinancialPlanning #financialpodcast #peerfinancial #portfoliomanagement #pureadvisors #purefin #purefinacial #purefinance #purefinancial #purefinancialadvisers #purefinancialadvisors #purefinancial #retirementplanning #retirementpodcast #rothconversion #RothIRA #savingforretirement #secureact #secureact2.0 #socialsecuritybreakeven #YMYW #YourMoneyYourWealth #yourmoneyyourwealth #BackdoorRothIRA #CertifiedFinancialPlanner #CFP #cpa #feeonly #Fiduciary #FinancialPlanning #financialpodcast #peerfinancial #portfoliomanagement #pureadvisors #purefin #purefinacial #purefinance #purefinancial #purefinancialadvisers #purefinancialadvisors #purefinancial #retirementplanning #retirementpodcast #rothconversion #RothIRA #savingforretirement #secureact #secureact2.0 #socialsecuritybreakeven #YMYW #YourMoneyYourWealth #yourmoneyyourwealth
Comments
Post a Comment