314 episodes

On this retirement investing podcast, financial planner Joe Anderson, CFP® and certified public accountant Big Al Clopine answer your money questions about investing, portfolio diversification, how to reduce taxes, creating retirement income, collecting Social Security benefits, how much you can spend in retirement, Roth conversions, and more. Retirees and pre-retirees listen to this irreverent and informative personal finance podcast to laugh as they learn strategies that can help them retire successfully. Ask your personal finance questions, read YMYW podcast episode transcripts, and access free financial resources at http://YourMoneyYourWealth.com

Your Money, Your Wealt‪h‬ Your Money, Your Wealth

    • Investing
    • 4.6 • 237 Ratings

On this retirement investing podcast, financial planner Joe Anderson, CFP® and certified public accountant Big Al Clopine answer your money questions about investing, portfolio diversification, how to reduce taxes, creating retirement income, collecting Social Security benefits, how much you can spend in retirement, Roth conversions, and more. Retirees and pre-retirees listen to this irreverent and informative personal finance podcast to laugh as they learn strategies that can help them retire successfully. Ask your personal finance questions, read YMYW podcast episode transcripts, and access free financial resources at http://YourMoneyYourWealth.com

    Is the Backdoor Roth IRA a Good Strategy For You?

    Is the Backdoor Roth IRA a Good Strategy For You?

    Are you eligible for a backdoor Roth IRA conversion? Is it taxed? How does a Roth 401k differ from a Roth IRA? Can you buy Mom’s condo for below market value & rent it back to her? Can you max out Dad's Roth? Can you file 2020 taxes before receiving IRS form 1098? How should you diversify your portfolio into international investments? Plus, capital gains and ordinary income, and a correction on deemed Social Security. Access the transcript & financial resources, ask money questions: https://bit.ly/YMYW-31

    • 43 min
    Are You Financially Ready for Retirement?

    Are You Financially Ready for Retirement?

    A retirement plan spitball analysis for an engineer wondering if he can afford to retire, required minimum distribution questions answered, and discussion on when to stop contributing to tax-deferred accounts, when to start Roth conversions, and a conversion strategy for someone with no income. Plus, "conversation" - not advice - about Joe's possible wallet syndrome, and a limerick and music from Paul Lemire. Access the transcript and financial resources, ask your money questions: https://bit.ly/YMYW-313

    • 58 min
    "Super Roth": Should You Overfund Supplemental Executive Retirement Plan Insurance?

    "Super Roth": Should You Overfund Supplemental Executive Retirement Plan Insurance?

    Whether you call it a SERP, an individual supplemental executive retirement plan, a private pension, or the "Super Roth," the strategy is overfunding life insurance, and the question is, is it a good idea for retirement planning? Also: a Social Security, pension, retirement withdrawal, and Roth conversion strategy, portfolio modeling scenarios, the earned income tax credit, and other tax reduction strategies. Access the transcript & financial resources and ask your money questions: https://bit.ly/YMYW-312

    • 45 min
    Social Security, Medicare, HSA and Roth Conversions

    Social Security, Medicare, HSA and Roth Conversions

    Find out just how intertwined healthcare and retirement are, with answers to questions about Medicare as it relates to Social Security, Health Savings Accounts (HSA), and IRA required minimum distributions (RMDs). Also, strategies for Roth conversions and Social Security, saving for retirement in a brokerage account, and paying debt out of retirement funds or with a mortgage refinance - and a couple of corrections. Access the transcript & financial resources, ask money questions: https://bit.ly/YMYW-311

    • 47 min
    [SPECIAL] Gamestop: Stocks Gone Wild! Should You Join the Day Trading Craze?

    [SPECIAL] Gamestop: Stocks Gone Wild! Should You Join the Day Trading Craze?

    This week GameStop, AMC & Blackberry stocks went wild, with hedge funds shorting the stocks, and Redditors using the Robinhood investing app to put the squeeze on them - to the tune of billions of dollars. Is the stock market rigged? How do day traders affect you and your portfolio? Should you get in on it? Pure Financial Advisors’ EVP and Director of Research Brian Perry, CFP®, CFA® joins YMYW to talk about it. Access the transcript & financial resources, ask your money questions: https://bit.ly/YMYW-3

    • 16 min
    What's the Best Way to Take Retirement Distributions?

    What's the Best Way to Take Retirement Distributions?

    Drilling down into the specifics of retirement distribution strategies: dollar cost averaging, pro-rata withdrawals, and buckets vs. the total return approach. Plus, a retirement withdrawal strategy with a side of pension and Social Security, another mortgage payoff question, the small business solo 401(k) trap, an LLC for a kayak side-hustle, and FIPhysician.com says nice things about YMYW. Access the podcast transcript and financial resources, and ask your money questions: https://bit.ly/YMYW-310

    • 42 min

Customer Reviews

4.6 out of 5
237 Ratings

237 Ratings

Tennisleague ,

Carlos (Mr Mortgage) is WRONG

I had heard this show had received a very limited amount of 1 star reviews. One, had NOTHING to do with the show whatsoever. This show is not only informative, but witty with an occasional (or even a bit more often then that) dash of sarcasm/humor. That’s a POSITIVE! Some other shows drone on and in with just information, but how BORING! Joe, Big Al, and Andi make this show enjoyable where I actually WANT to listen. I definitely won’t be nodding off. They are all great and the information is not only welcomed but so is the presentation. Give it a try, you will be pleased!

KelCz ,

Unique Perspectives

Newer listener here. I appreciate Joe and Al’s take on the various questions submitted. Entertaining and informative, often with a different spin on things.

G in CA ,

Dear Joe,

Go Seminoles!!

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