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:

6 Steps To Get Super Rich & Work Your Wealth | Mary Beth Storjohann - 109 Apr 03, 2017

Show notes

Mary Beth Storjohann, author of Work Your Wealth, helps millennials wrap their heads around financial basics. Joe and Al discuss a proposal to cut the corporate tax rate by taxing 401(k) gains, and spotting an IRS phone scam. Also, answers to questions on LLC vs. S-corp income, deductions for traditional IRAs, and taking a personal loan for the downpayment on investment property. Also, Big Al lists 6 steps to get SUPER rich.

Understanding Social Security & Donald Trump's Tax Return - 108 Mar 26, 2017

Show notes

Social Security expert Mary Beth Franklin explains the current claiming rules. Joe and Big Al offer tips for managing taxes and they answer emails on rollovers, Roth IRA, 401(k), debt, and building a stock portfolio. And from sole proprietorships to real estate; alternative minimum tax to capital gains and losses, the fellas analyze the tax return of one Donald J. Trump.

Teaching Kids Economics With Author Michelle Balconi - 107 Mar 20, 2017

Show notes

Our guest is Michelle Balconi, who co-authored the children's book Let's Chat About Economics! with economist Dr. Arthur Laffer. Joe and Big Al debunk retirement myths, discuss 8 things most Americans don't know about retirement, and answer emails on Roth IRAs, 401(k)s, and investing. Also: Joe is retiring to Togo to manage the fortune of an email scammer, and the fellas muse on Anthony Weiner's use of Snapchat.

6 Small Business Retirement Plans From Easy to Complicated - 106 Mar 13, 2017

Show notes

Six small business retirement plans from easy to complicated, including the SEP IRA, SIMPLE IRA, Solo 401(k) and defined benefit plan. And, how to calculate your "power percentage" for retirement readiness (here's a hint, it involves adding up savings and old debt payments and dividing that into your income.) Plus, Joe and Big Al explain how buying expensive cologne online relates to behavioral finance.

8 IRA Mistakes That Can Mess Up Your Retirement - 105 Mar 06, 2017

Show notes

8 IRA mistakes to avoid, the most expensive purchase you'll ever make, the best state tax breaks for retirement and how to prioritize where you save, to maximize what you save. Plus, Joe and Al answer questions on advisor credentials, the 60 day rollover rule, and which is safer, T-bills or fixed indexed annuities?

Portfolio Diversification Using Factor-Based Investing - 104 Feb 27, 2017

Show notes

Larry Swedroe from Buckingham Strategic Wealth talks about factor-based investing for a widely diversified portfolio, and the difference between alpha, beta and smart beta. Seven tax planning tips for millionaires and those who want to be millionaires. Joe and Big Al talk about Social Security and the often-overlooked family benefits. And, the fellas answer emails on SEPP, 72(t), IRAs, 8606's, 1040's and other mysterious numbers and acronyms.

Do You Really Need a Financial Advisor? - 103 Feb 20, 2017

Show notes

The value of a financial advisor (aka "Advisor's Alpha") and a discussion of target date funds with Don Bennyhoff from Vanguard, estate planning and the difference between a will and a trust, and Joe and Big Al answer emails on Roth conversions, taxation on day-trading stocks, tax write-offs on retirement contributions, and why some great companies have low stock prices. Plus, the fellas discuss a recent survey where millennials said they'd rather disclose a sexually transmitted disease to a potential partner than to reveal their debt. Original publish date February 11, 2017. Note that content may be outdated as rules and regulations have changed.

00:00 - Intro 01:00 - Young Americans Would Rather Disclose Their STDs Than Their Debt 12:11 - The Importance Of An Estate Plan: Estate Planners 11 Tips for the New Year 26:47 - Should I Convert to Roth as Quickly As Possible or Over Time? 32:41 - Interview with Vanguard Senior Investment Strategist Don Bennyhoff on Target Date Funds and Advisor's Alpha 48:00 - How will my profits and loss from day trading be taxed at the end of the year? 50:46 - Can I still deduct a maximum amount of taxes on a traditional IRA if I contribute to a 401(k) plan? 55:51 - What is the best way to leave retirement accounts to children and minimize our RMD tax implications? 1:00:43 - Why do some companies have a lower stock price than other, less profitable companies?

How To Retire Early and 7 Retirement Rules For Anyone Over 50 - 102 Feb 13, 2017

Show notes

How to retire early - like, really early - and real estate investing with Andrew Fiebert from the Listen Money Matters podcast, Seven Essential Retirement Rules for Anyone Over 50, and Joe and Big Al answer emails about target date funds, making the most of your pension income, buying Mom's house rather than inheriting it and determining capital gains on the sale of a rental. Original air date February 4, 2017. Note that content may be outdated as rules and regulations have changed.

00:00 - Intro 00:50 - Department of Labor Fiduciary Rule: What It Means for You 10:48 - 7 Retirement Rules For Anyone Over 50 30:32 - Stocks, Bonds and Cash: How to Allocate Pension Income Assets 36:50 - How to Retire Early, with Andrew Fiebert from Listen Money Matters podcast 47:31 - Real Estate Investing Tips 51:18 - How to Manage Mom's Financial Assets and Tax Planning 56:08 - How can I determine capital gains tax from the sale of a rental property? 01:02:15 - What do you think about target date funds?

Stretch IRA's and The Business of Family - 101 Feb 11, 2017

Show notes

Kiplinger's Retirement Report editor Rachel Sheedy tells Joe Anderson, CFP® and Big Al Clopine, CPA how to inherit a retirement account without paying a boatload of taxes all at once. Family, Inc. author Doug McCormick talks about how to use sound business principles to make the most of your family's money, and the fellas answer emails about retirement contribution limits, taxation on stock dividends and splits, and the voodoo of overfunding life insurance. They also discuss Social Security and Medicare changes in 2017, and the do's - and dont's - of saving for retirement.

00:00 - Intro 01:00 - 2016 Market Recap 07:39 - The Stretch IRA Explained, with Rachel Sheedy from Kiplinger 23:51 - 5 Ways to Become an Extreme Saver 30:20 - 2017 Social Security Changes 36:03 - Family, Inc. With Doug McCormick 47:16 - Answers to Money Questions 48:03 - I am currently contributing a company sponsored 401(k) plan. Can I also contribute to a Roth IRA? 50:52 - Are stock dividends and stock splits taxed? 56:06 - I've heard I can use life insurance like a Roth. How do I do this? And is it a good idea?

8 Proven Ways to Boost Your Retirement Income - 100 Jan 28, 2017

Show notes

With so many retirement planning strategies and the plethora of information on the internet, it can be hard for some to prioritize where to start when it comes to planning for their retirement. Joe Anderson, CFP® and Alan Clopine, CPA share eight proven ways to boost your retirement income. Original publish date January 28, 2017 (hour 2). Note that content may be outdated as rules and regulations have changed.

02:02 "After age 70 ½, you cannot do an IRA contribution but you can do a Roth IRA contribution."

04:49 "Why do we not want to solely focus on dividend paying stocks? There's a lot of risk involved."

07:52 "If you are in a high dividend strategy and you don't necessarily need the income, you may want to readjust and be more sophisticated in your strategy."

10:18 "Delay your retirement by a few years…sometimes we run analyses for people if they retire at 65 versus 68 and it's incredibly different because what happens in a lot of cases is people are in relatively high earning years so they're putting maximum amounts in their 401(k) and getting maximum matches from their employers."

12:17 "When you add the Social Security to components, sometimes working just a few more years could add ten years to your portfolio."

12:35 "See whether a reverse mortgage makes sense for you…we did a webinar on home equity and that was one of the things we talked about."

17:59 "Can I claim a loss from my Roth IRA? I have a Roth IRA open for over 10 years now. I have contributed about $15K, but I lost around 80% of it due to some stocks that I invested in. Can I claim this 80% lost in my tax return? I know that I can claim up to $3,000/year for capital losses in regular investment, but can I claim my losses in the Roth IRA when I withdraw the money, or sell the stock(s)?" *Question from Investopedia Advisor Insights

18:35 "Once any dollar goes into a Roth IRA or regular IRA, the capital gains rules don't apply anymore, so you don't get to claim the gains or losses."

20:26 "It's difficult to get money into a Roth IRA because a) there are contribution limitations…b) if you convert money, that's unlimited but realize that you're paying tax as you convert those dollars."

29:35 "Should I retire early to take care of my parents? Within the next six months, I plan to quit working so that I can relocate and take care of my parents. I will be 50 years old at that time. I have no debt, am not married, and have no children. All of my living expenses will be paid for by my parents as compensation for taking care of them. In addition, I have a $700,000 nest egg. Many friends and colleagues are telling me I am ridiculous to retire so early. I don't agree. What is your opinion?" *Question from Investopedia Advisor Insights

31:44 "Well, how bad of shape are mom and dad? Are they going to live another twenty years or two years? If they're going to live another twenty years, then sure, go for it."

32:53 "This may not be forever; you can always go back to work."

Related Podcasts