Your Money, Your Wealth  By  cover art

Your Money, Your Wealth

By: Joe Anderson CFP® & Alan Clopine CPA of Pure Financial Advisors
  • Summary

  • A "Top 10 Personal Finance Podcast" and a "Top 12 Retirement Podcast" (US News & World Report, 2023). One of the "10 Best Personal Finance YouTube Channels" (CardRates, 2023). “Best Retirement Podcast With Humor” (FIPhysician, 2020, 2021, 2022, 2023). Learn strategies that can help you retire successfully. Financial advisor Joe Anderson, CFP® and certified public accountant Big Al Clopine, CPA are making fun out of finance as they answer your money questions and spitball on your 401k, IRA, Roth conversions and backdoor Roth IRA, how to pay less taxes, asset allocation, stocks and bonds, real estate, and other investments, Social Security benefits, capital gains tax, 1031 exchange, early retirement, expenses and withdrawals, and more money and wealth management strategies. YMYW is retirement planning, investing, and tax reduction made fun, presented by Pure Financial Advisors - a fee-only fiduciary. Access free financial resources and episode transcripts, Ask Joe & Big Al On Air to get your Retirement Plan Spitball Analysis: http://YourMoneyYourWealth.com
    Pure Financial Advisors, LLC
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Episodes
  • How to Take the Uncertainty of Taxes Off the Table - 474
    Mar 26 2024

    Jimmy in Wisconsin will have a pension, Social Security, and a seven year retirement shortfall. How should he cover it? Skipper in Texas has some unusual pension options, which makes the most sense for his retirement needs? That’s today on Your Money, Your Wealth® podcast 474 with Joe Anderson, CFP® and Big Al Clopine, CPA. Should Mike and Carol in Virginia wait to do Roth conversions if they’ll be in a lower tax bracket in retirement? Where should Duncan in Texas invest in the 10 years before he retires early? Would it be stupid for Jay Z in Minnesota to miss out on free Roth opportunities? Can Ben in San Francisco’s “friend” use the rule of 55 on a rollover retirement plan? And finally, YMYW is fun, but of limited value, according to a recent review. Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-474

    Timestamps:

    • 00:51 - Pension & Social Security: How Should We Cover Our 7 Year Retirement Shortfall? (Jimmy, WI)
    • 08:17 - 2:1 Matched Company Money vs. My Contribution: What to Do With My Pension? (Skipper, TX)
    • 15:46 - EASIretirement.com free retirement calculator
    • 16:47 - Should We Wait on Conversions If We’ll Be in a Lower Bracket in Retirement? (Mike & Carol, Falls Church, VA)
    • 24:22 - Where Should I Invest My Early Retirement Savings for the Next 10 Years? (Duncan, TX)
    • 30:18 - Is It Stupid to Miss Free Roth Opportunities? (Jay Z, MN)
    • 37:46 - Complete Roth Papers Package - free download
    • 38:33 - Rule of 55 on a Rollover Retirement Plan? (Ben, San Francisco)
    • 44:34 - Comment: Fun but limited value (Wemby2024)
    • 50:41 - The Derails
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    54 mins
  • Does Your Financial Advisor Just Want to Collect Fees? - 473
    Mar 19 2024

    Why would a financial advisor suggest that Frank in Lake Wobegon sell a piece of inherited property, pay 25% tax, and invest the lump sum? Mark in Florida is 72 and invested in CDs. Should he go back to his financial advisor, or just buy more CDs? That’s today on Your Money, Your Wealth® podcast 473 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Adam in Tennessee will have deferred income in 5 years. Should his asset allocation be more conservative? And in order to retire early at age 55, should Lewis in Arkansas delay starting Roth conversions? But first, if Mike’s wife outlives him, how can he keep her in a similar tax bracket? Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-473

    Timestamps:

    • 00:00 - Intro
    • 00:48 - If My Wife Outlives Me, How Do We Keep Her in a Similar Tax Bracket? (Mike)
    • 06:49 - Long Term Capital Gains: Retirement and Real Estate Spitball (Frank, Lake Wobegon)
    • 15:58 - 10 Tax-Cutting Moves to Make Now - YMYW TV
    • Top 10 Tax Tips - free download (for a limited time only!)
    • 2024 Tax Planning webinar, Wednesday March 27, 12pm Pacific/3pm Eastern - register now
    • 17:04 - I’m 72. Should I Go Back to an Advisor or Just Buy More CDs? (Mark, FL)
    • 21:32 - Should My Deferred Income Asset Allocation Be More Conservative? (Adam, Franklin, TN)
    • 30:16 - Investing Basics Guide - free download
    • 31:13 - Should We Delay Starting Roth Conversions to Retire Early by Age 55? (Lewis, AR)
    • 41:11 - The Derails
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    47 mins
  • Will Roth Conversions Put You On Track to Retire Early? - 472
    Mar 12 2024

    Rob and his wife in North Carolina are 51 and 44 and would like to retire in the next 3-5 years. Are they on track, and what should they consider as far as Roth conversions are concerned once the tax brackets go back up, which they’re slated to do when that provision in the Tax Cuts and Jobs Act sunsets at the end of 2025? Is Mark in West Virginia on track to retire at 59 and a half, and do Joe and Big Al have any pointers on how he can find the love of his life? Mike and Gina in Rhode Island are optimistic about retiring early at 61 and 58, but is their optimism delusional? Jake in rural Michigan is self employed. Can he do Roth conversions to retire at age 60 and hang with Big Al in Hawaii? Retirement readiness and Roth conversions, today on Your Money, Your Wealth® podcast 472 with Joe Anderson, CFP® and Big Al Clopine, CPA. But first, the fellas spitball on a retirement and real estate strategy for (50 Shades of) Grey and Elena in Massachusetts. Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-472

    Timestamps:

    • 01:04 - Real Estate Puts Us in High Bracket. Max Retirement & Roth, Save to Brokerage? (Grey & Elena, MA)
    • 11:57 - Social Security Basics You Need to Know: Common Questions Answered - YMYW TV
    • Social Security Handbook - free download
    • 12:48 - Roth Conversions After 2025? Are We on Track for Our Retirement Goals in 3-5 Years? (Rob, NC)
    • 19:34 - On Track for Retirement at 59.5? How to Find the Love of My Life? (Mark, West Virginia)
    • 24:24 - Is Our Early Retirement Optimism Delusional? (Mike, RI)
    • 31:16 - EASIretirement.com - free retirement calculator
    • 32:19 - Self-Employed: Roth Conversions to Retire Early and Hang with Big Al in Hawaii at 60? (Jake, rural Michigan)
    • 45:19 - The Derails
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    50 mins

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