344 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

    • Business
    • 4.6 • 303 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

    HELOC, All-in-One Mortgages, and What to Do With Old Life Insurance Policies

    HELOC, All-in-One Mortgages, and What to Do With Old Life Insurance Policies

    What is a home equity line of credit? Is a HELOC better than a traditional mortgage? What are all-in-one mortgage loans? Does it make sense to buy a condo, or keep investing for retirement? Next up Joe and Big Al spitball ideas on what to do with old whole life insurance policies. Plus, ABLE accounts for individuals with disabilities, and should you claim Social Security benefits before or after moving to a no income tax state? Free financial resources in the podcast show notes: https://bizlink.to/ymyw-343

    • 38 min
    Roth 401(k), Conversions, RMDs, and Cap Gains

    Roth 401(k), Conversions, RMDs, and Cap Gains

    How to calculate Roth conversions to reduce taxes at required minimum distribution age? What are the rules for RMDs from Roth 401(k)? How does the 5 year Roth clock factor into a decision to leave money in an old Roth 401(k) or roll it to a new Roth IRA? Do reinvested dividends count as Roth contributions? Do capital gains count towards the capital gains income bracket? IRA contributions for minors and the unemployed, and how would you spend lottery winnings? Podcast show notes: https://bizlink.to/ymyw-342

    • 45 min
    Early Retirement Spitball Analysis

    Early Retirement Spitball Analysis

    Some YMYW listeners have had enough of the 9 to 5 and are ready to punch early. Joe & Big Al spitball on whether they’re financially ready for a long, early retirement. Plus, the ever-popular Roth IRA conversions: how much to convert to Roth, when and how to pay tax on a Roth conversion, and why not pay tax on Roth conversions out of the retirement account you’re converting from? Podcast survey (final day!), financial resources, Ask Joe & Big Al On Air in the podcast show notes: https://bizlink.to/ymyw-

    • 41 min
    Where to Locate Assets for Tax Efficiency Without Compromising Growth?

    Where to Locate Assets for Tax Efficiency Without Compromising Growth?

    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: https://bizlink.to/ymyw-340

    • 50 min
    Should We Do a Roth Conversion?

    Should We Do a Roth Conversion?

    Moving money from tax-deferred retirement accounts to accounts with lifetime tax-free investment growth: should you do Roth IRA conversions? Before marriage? From a 403(b)? When and how much to convert? Convert aggressive funds first? What about the ACA subsidy? Will paying Roth conversion tax ruin early retirement? And something completely different: Joe & Big Al's take on Ric Edelman’s "pay off the mortgage" suggestion. Podcast survey, transcript, free resources, Ask Joe & Al: https://bizlink.to/ymyw-33

    • 51 min
    What to Do When You Own Too Much of One Stock

    What to Do When You Own Too Much of One Stock

    Ways to diversify concentrated stock positions, like using a donor-advised fund. How does the IRS know if a required minimum distribution is a qualified charitable distribution? From which pool of money should you pull extra retirement income? Also, structured notes, & paying Grandma for daycare without impacting taxes on her pension - lump sum or monthly payments? Finally, thoughts on starting a career in financial planning. Podcast survey, transcript, resources, Ask Joe & Al: https://bizlink.to/ymyw-338

    • 42 min

Customer Reviews

4.6 out of 5
303 Ratings

303 Ratings

UmpyDolphin ,

Excellent Recipes

Best baking podcast I have ever listened to. These guys are hilarious and their recipes are top notch!

DMTobisk ,

Entertaining Financial Advice? This Is It!

Tuesday is the day Your Money Your Wealth downloads to my podcast feed, usually around 10:00 am EST. Why am I fixed on this day and time? Because I really look forward to it—in a way that I can’t say applies to any other podcast (though I listen to lots). Joe, Al, and Andi are a great team, and their willingness to answer complex financial questions from listeners (sometimes long-winded, which Joe might complain about, though he’ll answer anyway) is remarkable. Every episode is filled with information, and there are show notes posted on the show’s website that are extremely helpful to read over if there’s an super-detailed discussion. And all this is actually entertaining, not dry and never boring. If you don’t laugh out loud once or twice per podcast, and smile even more, then you must be having a very bad day. Listen, learn, and laugh!

sunshine 121212 ,

Educational and humorous

Let’s make this 52 five-star reviews! Joe, Big Al and Andi make a great team that presents financial education in an easy-to-understand manner. It is humorous, so it keeps your attention. There is nothing dry about their presentation. I think it is the best retirement podcast by far. Keep up the good work.

Laurie

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