406 episodes

“Best Retirement Podcast With Humor 2022” (FIPhysician). Learn strategies that can help you retire successfully on this funny personal finance podcast. Financial advisor Joe Anderson, CFP® and certified public accountant Big Al Clopine, CPA answer questions about 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, 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, Ask Joe & Big Al On Air to get your Retirement Plan Spitball Analysis, and read episode transcripts: http://YourMoneyYourWealth.com

Your Money, Your Wealth Joe Anderson, CFP® & Alan Clopine, CPA

    • Business
    • 4.6 • 436 Ratings

“Best Retirement Podcast With Humor 2022” (FIPhysician). Learn strategies that can help you retire successfully on this funny personal finance podcast. Financial advisor Joe Anderson, CFP® and certified public accountant Big Al Clopine, CPA answer questions about 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, 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, Ask Joe & Big Al On Air to get your Retirement Plan Spitball Analysis, and read episode transcripts: http://YourMoneyYourWealth.com

    How to Forecast Your Expenses in Retirement

    How to Forecast Your Expenses in Retirement

    What will you actually need to spend in retirement? Joe and Big Al explain how to really think about and calculate your retirement expenses. Plus, if you want to reduce your tax-deferred account balances, does it make more sense to do Roth conversions or reinvest? What about doing Roth conversions to a higher tax bracket than the one you’ll be in during retirement? Also, the fellas explain the alternative minimum tax, how Social Security spousal benefits work, and when in the year you turn 72 you must take required minimum distributions from your retirement accounts. And finally, what should someone with no credit history who hasn’t paid taxes do with a sudden $100,000 windfall? Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-406

    • 52 min
    Life Insurance, Muni Bonds, and Dividend Stocks in Retirement

    Life Insurance, Muni Bonds, and Dividend Stocks in Retirement

    Joe and Big Al discuss LIRPs, or life insurance retirement plans, they spitball whether to take full pension survivor benefits or buy a life insurance policy, and whether to sell losing stocks for even bigger losers to take advantage of the 0% capital gains tax bracket. Plus, zero coupon municipal bonds and the de minimis rule, and target date funds as part of Paul Merriman’s Two Funds for Life strategy. Finally, how do dividends figure into the 4% rule for retirement withdrawals, and should that 4% come from stocks or bonds? Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-405

    • 47 min
    Roth IRA 5-Year Rules: How to Withdraw Money With No Taxes or Penalties

    Roth IRA 5-Year Rules: How to Withdraw Money With No Taxes or Penalties

    Joe and Big Al clarify once and for all those 5-year clocks for withdrawing money from your Roth accounts. How do the 5-year Roth IRA rules impact the taxation of dividend income? Do the 5-year rules for Roth withdrawals impact thrift savings plan (TSP) to Roth conversions as well? Plus, why contribute to a Roth in the first place and lose today’s tax savings? Joe and Big Al rise to that challenge and they discuss Roth conversions and required minimum distributions from an inherited IRA. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-404

    • 47 min
    Inflation Investing, Asset Location, and Real Estate Retirement Spitball

    Inflation Investing, Asset Location, and Real Estate Retirement Spitball

    Following the Fed’s fourth consecutive interest rate hike last week, should you be changing your investing strategy to time this inflationary market, moving from bonds to 3-year annuity CDs? Plus, Joe and Big Al spitball on asset location and Roth conversions for the in-laws, and a net unrealized appreciation (NUA) strategy for company stock in a 401(k). They also discuss whether extra home mortgage payments are part of an investment portfolio, and what real estate expenses are tax deductible. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-403

    • 48 min
    Will Your Retirement Savings Last Until You're 90 Years Old?

    Will Your Retirement Savings Last Until You're 90 Years Old?

    Are you behind on your retirement savings? What do you need to do to catch up? If you retire in just a few years, will your money last until age 90? Based on the 5-year Roth withdrawal rules, do you need to open a new Roth IRA for each Roth conversion? Plus, Joe and Big Al spitball a health insurance, capital gains, and real estate strategy to save more money and have more wealth in retirement. Finally, they revisit the SECURE Act rules for withdrawing money from an inherited IRA, and Social Security income limits. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-402

    • 42 min
    Should Young People Save for Retirement?

    Should Young People Save for Retirement?

    New research says some young people shouldn’t save for retirement. Find out what Joe and Big Al think about that. Plus, is it tax fraud if you re-file taxes to take advantage of new student loan forgiveness? Should you invest in CDs instead of bonds, since both stocks and bonds are getting crushed right now? How can you consolidate your stock portfolio to minimize capital gains tax? Also, charitably inclined YMYW listeners want to know how to use donor-advised funds when spitballing tax planning around an IPO, and whether to do more Roth conversions or more qualified charitable distributions. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-401

    • 36 min

Customer Reviews

4.6 out of 5
436 Ratings

436 Ratings

RobertB 1860 ,

Love the Humor

I used to listen to Bob Brinker on Saturday and Sunday’s for years until he retired from radio. I found Joe and Al’s podcast a few years ago and always look forward to their weekly podcast. It’s so educational and humorous! Thanks again, Robert

Never Too Early ,

Nothing better!

I laugh and learn while listening to Your Money, Your Wealthy! Deeper than most financial podcasts but Joe and Al always walk through their thoughts so we can follow. Love this!

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!

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