Timothy Sumer

Can you trust the opinion of just one advisor when planning for your entire financial future? Today on Your Money, Your Wealth® podcast 409, Joe Anderson, CFP® and Big Al Clopine, CPA spitball their second opinions for some retirement plan and Roth conversion strategies, they illustrate one way some financial advisors may be acting in their own best interests, and they explain how to determine if you’re on track for a successful retirement. Plus, can you take penalty-free withdrawals from a Roth TSP to Roth IRA rollover in order to bridge the gap until age 59 and a half? Will paying for a home remodel with Roth conversion funds avoid tax? And, should you use Roth conversion money for these purposes? Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: 00:00 - Intro 00:56 - Are We Missing Anything or Can We Trust the Analysis and Retire? (Ken, Fremont, CA) 07:02 - Download the Quick Retirement Calculator Guide: 07:49 - Roth TSP to Roth IRA Rollover

Today on Your Money, Your Wealth® podcast 408 with Joe Anderson, CFP® and Big Al Clopine, CPA: asset location strategies, liquidity, and building up tax-free Roth IRA money when retiring early, how growth is taxed in taxable accounts, pros and cons of rolling an employer retirement plan into a traditional IRA, how stock futures are determined and why stock price matters, and buying 8-week treasuries. And, if you’re planning to make a killing on eBay or at your next garage sale, the fellas get into the weeds on how to maximize your tax savings. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: 00:00 - Intro 00:56 - Comment: Finished Binge-ing Every Episode! (Mark) 02:39 - How Are Stock Futures Determined? Why Does Stock Price Matter? (Michael) 08:05 - Asset Location: Should We Save $70K/Year to Roth IRA Before Early Retirement? (Renee, Nashville) 18:25 - Why Asset Location Matters: 20:29 - Pros and Cons of Employer Retirement Plan to IRA Rollo

I discovered your podcast and it has taught me so much. I would like to get both of your opinions on the hypothetical outcome of the bill headed for Senate which will move the age for RMDs back to age 75 starting in 2033. I am 45 years old and I currently have $120 k in my roth, and $400 k in a tax deferred 401 k. If this bill passes, will this be a game changer for those like me retiring after this time?! If I don't have until age 75 to pay rmd, will I need to worry less about a growing tax deferred traditional ira? Will this change your recommendations on converting or contributing to Roth accounts? Or is this a small detail in the overall life of the portfolio. Thanks, Sam, Los Angles Download the 2022 Key Financial Data Guide: Listen to the entire Your Money, Your Wealth® podcast: Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of

At what age can I start Roth IRA for my daughter and what type (aggressive, mod, ect) do you suggest? She is 12. I’m a much older parent and want to start her in the right direction. College is provided already since I am retired military and 100% disabled. Thank you. Dave, Olympia, WA Download the Roth IRA Basics Guide: Listen to the entire Your Money, Your Wealth® podcast: 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: Ask Joe & Big Al On Air: 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 Financ