Today on Your Money, Your Wealth® podcast 340 with Joe Anderson, CFP® and Big Al Clopine, CPA, asset location: how to position assets to pay less tax without sacrificing investment growth? Should young folks contribute all of their retirement savings to Roth accounts? Also, conversations (not advice) on a self-employed defined benefit plan vs. pass-through profits, gifting tuition for education, Roth conversions with a special needs child in mind, a correction on inherited Roth IRAs, and listener comments. Podcast survey, free financial resources, ask Joe & Al On Air: 00:00 - Intro 01:33 - Can I Fund a Roth TSP and a Separate Roth IRA? (Cass, MS) 03:21 - How to Position Tax-Deferred Assets for Tax Efficiency Without Compromising Growth? (D, Irvine) 08:50 - Asset Location: Should My Kids Contribute All to Roth? (Mike, Texas) 13:32 - Should We Open a Defined Benefit Plan or Take Pass-Through Profits? (Ken, San Diego) 19:26 - How to Pay for Son's Grad School and Minimi
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)