Your Money, Your Wealth - TopPodcast.com

View Top 200 Chart

Back to Rankings Page

Your Money, Your Wealth — Business
Your Money, Your Wealth

Making fun of finance. A US News & World Report “Top 9 Personal Finance Podcast” (2025) and “Top 12 Retirement Podcast” (2023). One of the “10 Best Personal Finance YouTube Channels” (CardRates, 2023). “Best Retirement Podcast With Humor” (FIPhysician, 2020-2024). Learn strategies that can help you retire successfully. Financial advisor Joe Anderson, CFP® and certified public accountant Big Al Clopine, CPA 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 financial planning firm. Pure Financial adheres to the fiduciary standard of care, in which we are required by law to act in the best interest of our clients at all times. Access free financial resources and episode transcripts, Ask Joe & Big Al On Air to get your Retirement Plan Spitball Analysis: http://YourMoneyYourWealth.com

Copyright: © Pure Financial Advisors, LLC

Latest Episodes:

401(k) Ins & Outs, Roth Conversion Benefits, and Divorce Finances - 469 Feb 20, 2024

Show notes

Erik in MN is divorced, and the OC Birdman of South OC is getting divorced. Should Erik contribute to pre-tax retirement accounts or Roth? How should the Birdman and his soon-be-ex time the sale of their house and the filing of their taxes? That's today on Your Money, Your Wealth® podcast 469 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Don has questions about the 401(k) rule of 55 and excess 529 plan college savings. Valerie in Portland wants to know what to do with her old 401(k), and how to invest her new retirement accounts. An advisor tells K-Dog in IN to save cash or open a Roth, then live on those funds and get free ACA "Obamacare" healthcare in early retirement. Is that really possible? Also, what should be Laura in WA's sequence of retirement withdrawals, and is there any benefit to her doing Roth conversions? Should RJ in CA convert his or his wife's rollover IRA to the top of the giant 24% 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-469

Timestamps:

00:00 - Intro
01:06 - 401(k) Rule of 55 and Excess 529 Plan Funds (Don, Everywhere, USA)
06:03 - What to Do With Old 401(k) and How to Invest New Retirement Accounts? (Valerie, Portland, OR)
10:33 - 10 Steps to Improve Investing Success - free download
Protecting Your Retirement Income - YMYW TV
11:39 - Is My Early Retirement Spending & Free Healthcare Plan Really Possible? (K-dog, Northern IN)
22:13 - Should I Contribute to Pre-Tax or Roth Post-Divorce? (Erik, Minneapolis)
28:27 - How to Sell House and File Taxes While Finalizing Divorce (OC Birdman in South OC)
32:27 - Q1 2024 Financial Markets Update Webinar, Feb 28, 2024, 12pm Pacific - register now
33:07 - What's the Sequence of Retirement Withdrawals? I Don't See the Benefit of Roth Conversions (Laura, Seattle - Olympic Peninsula)
40:42 - Roth Conversion to the Top of the Giant 24% Bracket? Which Rollover to Convert First? (RJ, Anaheim)
49:09 - The Derails

How Much to Save in Tax-Free, Tax-Deferred, and Taxable Accounts? - 468 Feb 13, 2024

Show notes

Are there general guidelines on what percentages of your investment portfolio should be in tax-free accounts like your Roth, tax-deferred accounts like your 401(k), and taxable accounts like your brokerage? Joe Anderson, CFP® and Big Al Clopine, CPA spitball on tax diversification today on Your Money, Your Wealth® podcast 468 for Brian in Naperville, IL. William in NH also wants to be tax-diversified. Is his Roth conversion strategy a mistake? Should he be converting much more to Roth? The fellas also do a retirement spitball analysis for Tom in Spokane, WA, and for Claire in CO, who wants to retire next year. Plus, how does Matthew in CT calculate excess Roth contributions, and how should Thomas in IA reallocate assets he over-contributed to his brokerage account? But first a couple of voice messages: Now that Sean in FL no longer has a traditional IRA, can he use the backdoor Roth strategy? We kick things off with a question from Joe in Dallas on how to account for taxes on the money you'll be spending in retirement. 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-468

Timestamps:

01:06 - How to Account for Taxes on What I'll Spend in Retirement? (Joe, Dallas, TX (voice)
06:13 - Now That I Don't Have a Traditional IRA, Can I Do a Backdoor Roth? (Sean, FL - voice)
10:29 - 2024 Key Financial Data Guide - free download
11:35 - Spitball Our Financial Status and How to Reach Our Retirement Goals (Tom, Spokane, WA)
17:42 - Tax Diversification General Guidelines? (Brian, Naperville, IL)
23:23 - Goal: Tax Diversification. Is My Roth Conversion Strategy a Mistake? Should I Convert Much More? (William, NH)
29:12 - Retirement Pop Quiz and Free Financial Assessment
30:04 - Spitball If I Can Retire in 2025 (Claire, CO)
34:39 - How to Calculate Excess Roth Contributions? (Matthew, CT
38:23 - Over-contributed to Brokerage. How Should I Reallocate Assets? (Thomas, Iowa)
42:55 - The Derails

What Does Retirement Look Like for You? - 467 Feb 06, 2024

Show notes

What does retirement at age 60 look like for Allison in Northern Virginia? The EASIretirement.com calculator says Jimmy and Rosalynn in Georgia are on track to reach their retirement goals, even though they're late starters - but are they being realistic? Ingrid used the free EASIretirement.com calculator too, but is she able to contribute more than her annual income to her 403(b) and her Roth? That's today on Your Money, Your Wealth® podcast number 467 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Perry and his wife in Winston-Salem also have 403(b) plans and they wonder if they should take the lifetime annuity or the managed payout in retirement? Finally, should Brad in Sarasota, Florida reserve his health savings account money for long term care insurance? 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-467

Timestamps:

00:00 - Intro
00:48 - What Does Retirement at 60 Look Like for Me? (Allison from Northern Virginia)
09:19 - Retirement Rescue Plan - YMYW TV
Retirement Rescue Guide - free download for a limited time only! Get it by this Friday
09:59 - Late Starters. EASIretirement.com Says We're OK. Are We Being Realistic About Retirement? (Jimmy & Rosalynn, GA)
16:07 - Earnings vs. Contributions When Using EASIretirement.com (Ingrid)
21:36 - EASIretirement.com - free retirement calculator
22:37 - Lifetime Annuities or Managed Payouts from Our 403(b)s in Retirement? (Perry, Winston-Salem, NC)
28:54 - Should I Reserve Health Savings Account (HSA) Money for Long Term Care? (Brad, Sarasota, FL)
34:11 - The Derails

Roth Conversions to Pay Less Tax on Retirement Withdrawals - 466 Jan 30, 2024

Show notes

Should Peter LemonJello, who has high income, and his wife, who is retired with zero income, file their taxes as married filing separately so they can start Roth conversions? What are the tax implications of Roth conversions for Randy in Chi-town, an early retiree in the 32% tax bracket? Caity with a C in SLC is self-employed and over the income max to contribute to a Roth, so now what? And Ben in Oceanside, CA wants to know what impact Roth conversions will have on required minimum distributions after age 73? Joe Anderson, CFP® and Big Al Clopine, CPA spitball on all these Roth conversion tax reduction strategies, today on Your Money, Your Wealth® podcast 466. Plus, does the math make sense on a company-matched Kai-Zen indexed universal life insurance policy for Kickass Seabass in New Jersey? Ed in Virginia wants to know the earnings limits for family Social Security benefits. But first, can JJ in Florida's retirement portfolio handle withdrawals of $150,000 per year? And from the banks of the Mighty Mississippi, what should midwestfabs' post-employment asset allocation be? 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-466

Timestamps:

00:00 - Intro
01:12 - Can Our Retirement Portfolio Handle $150K Annual Withdrawals? (JJ, FL)
04:08 - What Should My Asset Allocation Be, Post-Employment? (Midwestfabs)
11:43 - 2024 Financial Market Outlook: read the blog by Brian Perry, CFP®, CFA, Pure Financial Advisors' Executive Vice President and Chief Investment Officer
12:39 - Tax Spitball: Married Filing Separate and Start Roth Conversions? (Peter LemonJello, FL)
14:58 - Roth Conversion Tax Implications for an Early Retiree in the 32% Bracket (Randy, Chicago)
21:34 - Self-Employed and Over the Max to Contribute to Roth – Now What? (Caity, Salt Lake City)
25:07 - Impact of Roth Conversions After Age 73 on RMDs (Ben, Oceanside, CA)
28:12 - Mile Markers to Retirement - YMYW TV
Retirement Readiness Guide - free download
28:52 - Does the Math Make Sense on a Company-Matched Kai-Zen IUL Policy? (Kickass Seabass, NJ)
34:53 - Social Security Family Benefits Earnings Limits (Ed, VA)
42:42 - The Derails

Personal Finance 101: How to Teach Teens About Money - 465 Jan 23, 2024

Show notes

How and what should we teach teenagers about money, to make the next generation financially literate? That's what CJ in Philadelphia and Teresa want to know, today on Your Money, Your Wealth® podcast 465 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Hap and Bee have a military pension and VA disability - Joe and Big Al spitball on when they'll be able to retire, and what they need to do to get there. And they spitball on whether Grace in Seattle is on track to retire early at age 55. David and Victoria in Grand Rapids, Michigan are killing the game - in their early 30s with $400,000 income and over a million saved. When should they start funding the traditional retirement accounts instead of the Roth accounts? And, find out how the first annual Anderson Household Financial Summit went!

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-465

Timestamps:

00:00 - Intro
00:53 - Financial Guidance for Teenagers (CJ, Philadelphia - voice)
07:43 - How to Start a Finance 101 High School Course? (Teresa)
13:12 - EASIretirement.com - free retirement calculator
14:18 - Military Spitball: When Will I Be Able to Retire (Hap & Bee, CA)
22:56 - Anderson Family Financial Summit
26:03 - Spitball If I Can Retire Early at Age 55 (Grace, Seattle)
33:02 - 10 Will & Trust Mistakes to Avoid | Estate Planning - YMYW TV
Estate Plan Organizer and Survivor's Guide - free download
33:51 - Killing it at 34, When to Consider Contributing to Traditional IRA? (David & Victoria, Grand Rapids, MI)
44:43 - The Derails

Tax Strategies, Backdoor Roth, Buy vs. Rent - 464 Jan 16, 2024

Show notes

It's a voice message extravaganza as Joe and Big Al talk about tax gain harvesting on Dante in New York's daughter's custodial account, and the tax impacts of Leon in Chicago investing in his brokerage account. The fellas also spitball on whether Michelle in San Diego, en route to San Francisco, should buy or rent in her 60's, the mega backdoor Roth and the pro rata rule for Sean and his cichlids in Winter Springs, Florida, and whether Jason in NOLA can do the backdoor after recharacterizing his contribution. Plus, should Kevin in Ohio make like the Steve Miller Band and "take the (pension) money and run"? Can Scott in Colorado make like Johnny Paycheck and "take his job and shove it" when it's time for the rule of 55? And should Suzi and Peter consider long term care insurance and protecting their assets with an irrevocable trust?

Access this week's free financial resources and the episode transcript in the podcast show notes at https://bit.ly/ymyw-464

Timestamps:

01:07 - Custodial Account Tax Gain Harvesting: Reported on My Daughter's Taxes or Mine? (Dante, NY - voice)
05:17 - Tax Impacts of Investing in a Brokerage Account? (Leon, Chicago - voice)
10:50 - Three (okay, four) ways you make YMYW the show that it is
Ask Joe & Big Al On Air for your Retirement Spitball Analysis
12:28 - Is it Better to Buy or Rent in My 60s? (Michelle, San Diego - voice)
19:50 - Mega Backdoor Roth & the Pro-Rata Rule (Sean, Winter Springs, FL - voice)
26:56 - Should I Take the (Pension) Money and Run? (Kevin, OH - voice)
32:13 - Money Makeover Guide - limited time special offer - download by this Friday!
Complete Money Makeover - How to Do a Financial Facelift - YMYW TV
33:08 - Should We Consider Long Term Care Insurance and Protecting Our Assets with an Irrevocable Trust? (Suzi & Peter, San Diego)
39:23 - Can I Do a Backdoor Roth After a Re-characterization? (Jason, NOLA)
43:42 - Spitball My Early Retirement Plan & the Rule of 55 (Scott, CO)
52:29 - The Derails

Retirement Investing, Roth Conversion Pros & Cons: YMYW Best of 2023 - 463 Jan 09, 2024

Show notes

We're revisiting your favorite Your Money, Your Wealth topics and Derails of 2023 in this Roth and retirement investing mega-episode. Safe investing when you're risk averse, mutual funds vs. ETFs, stable value funds, and estimating retirement income needs when you're a young saver with a pension made the YMYW best of 2023 on the investing side. On the Roth side, what to do when there's too much money in your traditional IRA, whether Roth conversions are really as good as they sound, and who's right about the Roth conversion strategy, our listener or his advisor?

Timestamps:

01:05 - How to Safely Invest and Protect $400K When You're Risk Averse (Tyler, OH – voice - from episode 425, among YMYW most popular 2023 episodes on YouTube)
07:43 - Stable Value Fund Vs. Brokerage Account for Living Expenses? (Sharon, Waukesha - voice - from episode 424, among YMYW most popular 2023 episodes on Apple Podcasts)
17:02 - Mutual Funds vs. ETFs in a Tax-Advantaged Account? (Midwestfabs, St Paul, MN from episode 420, among YMYW most popular 2023 episodes on Spotify)
23:40 - How Should Young Savers Invest Pensions and Estimate Retirement Income Needs? (Adam, Oregon - from episode 413, among YMYW most popular 2023 episodes on Spotify)
29:43 - I'm Not Sure Roth Conversions Are as Good as They Sound! (Christine, Seattle - from episode 440, among YMYW most popular 2023 episodes on Apple Podcasts)
39:31 - Who's Right About My Roth Conversion Strategy, Me or My Financial Advisor? (Brad, Sarasota, FL - from episode 409, published at the end of 2022, but one of our 2023 top viewed on YouTube)
49:17 - We Have Too Much in Traditional IRA. How's Our Roth Conversion Plan? (Kelly, Idaho - from episode 423, among YMYW most popular 2023 episodes on YouTube)
01:00:59 - The Best YMYW Derails of 2023

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-463

Emotional Investing - YMYW TV
Emotionless Investing Guide - our special offer for a limited time, download it by this Friday!
Ultimate Guide to Roth IRAs - free download
Episode Transcript & YMYW Best-Of 2023 Lists!
Ask Joe & Big Al On Air for your Retirement Spitball Analysis

Can You Retire Early at Age 50 or 60? - 462 Jan 02, 2024

Show notes

Can Clark Kent's dad in Hutchinson, Kansas retire at age 50? Will Devin in South Carolina be fat and happy or cutting calories if he retires at 59 and a half? Can Scott Magic in Idaho retire to a good and simple life at age 60? Gina and her wife are 52 and 58. Can they retire in four years, and how much should they be putting in their Roth accounts? Plus, Frenchie in Maine needs a spitball on a Roth conversion strategy with Canadian retirement funds, and Andi shares what she knows about target date funds.

Timestamps:

00:49 - Can Superman's Dad Retire at Age 50? (Martha Kent, Hutchinson, KS)
07:23 - Can We Retire to a Good Simple Life at Age 60? (Scott Magic, ID)
14:12 - Fat & Happy in Retirement or Cutting Calories at Age 59 and a Half? (Devin, SC)
20:56 - We're 52 and 58. Can We Retire in 4 Years? How Much Should We Put in Roth? (Gina, WA)
28:06 - Canadian Retirement Roth Conversion Strategy? Target Date Funds? (Frenchie, Maine)
37:06 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-462

EASIretirement.com free retirement calculator
Episode Transcript
Ask Joe & Big Al On Air for your Retirement Spitball Analysis

Roth & Retirement Spitball, Insurance, and the Origins of YMYW - 461 Dec 26, 2023

Show notes

Spitballing on early retirement and Roth conversions to finish 2023. How can Jack and Diane (no, the other, other Jack and Diane, these are the ones in Rochester, MN) bridge the gap to retirement at age 61? Can Michael in San Diego do a Roth conversion without it impacting his taxes? Plus, what should "the Flintstones" do with their whole life insurance policies? What spitballs of wisdom do the fellas have for Michael, who is "benefit-less" in Kansas City, MO? Then, we wrap up the final episode of the year with the YMYW origin story.

Timestamps:

00:48 - How to Bridge the Gap to Retirement at Age 61? (Jack & Diane, Rochester, MN)
06:04 - Can I Convert to Roth Without Impacting My Taxes? (Michael, San Diego)
10:22 - What to Do with Whole Life Insurance Policies? (Wilma & Fred Flintstone)
16:55 - Financial Strategies for the "Benefitless" (Michael, Kansas City, MO)
23:46 - The Origins of YMYW
36:14 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-461

The Complete Roth Papers Package
Financial New Year's Resolutions: Tips for Getting Your Finances in Order
The Economy, Currencies, Stocks, and 2024: End of Year Market Update webinar
Episode Transcript
Ask Joe & Big Al On Air for your Retirement Spitball Analysis

How to Invest: Bonds, CDs, and Roth Conversions - 460 Dec 19, 2023

Show notes

Joe and Big Al spitball on investing in index funds, bonds, CDs, treasuries, annuities, net unrealized appreciation on company stock, and where to park cash right now. Plus, how do taxes, Roth conversions or the Mega Backdoor Roth, and donor advised funds factor into those investing strategies? Will and Debbie in Gettysburg are investing an inheritance, LJ in Philly and Jane want the fellas' take on the pros and cons of various safe investments, Roger and Jessica in Cowtown Ft. Worth need four different financial spitballs, and should M.E. in Atlanta do a Roth conversion and put money in a donor-advised fund in the same year? But first, Dianna in Spotsylvania needs an investing plan for her 86-year-old Mom.

Timestamps:

00:57 - Investment Spitball for 86yo Mom: Index Funds? Roth IRA and Conversions? (Dianna from Spotsylvania, Virginia)
05:57 - How Should I Invest My Inheritance? (Will and Debbie, Gettysburg, PA)
14:12 - How's My Laddered CD Investing Strategy? (LJ, Philly)
17:07 - Tax on Treasuries vs. CDs vs. Annuity: Where to Park Cash Right Now? (Jane)
22:27 - NUA Company Stock, De-Risking With Bonds, & Mega Backdoor Roth (Roger & Jessica, Ft. Worth)
34:13 - Donor Advised Fund and Roth Conversion in the Same Year? (M.E., Atlanta)
40:54 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-460

Top 10 Tax Tips Guide (limited time offer - download by this Friday!)
10 Tax-Cutting Moves to Make Now - YMYW TV
Investing Basics Guide
10 Steps to Improve Investing Success
Episode Transcript
Ask Joe & Big Al On Air for your Retirement Spitball Analysis

Related Podcasts