Joe Anderson, CFP® and Big Al Clopine, CPA tackle the fears that mess with even the best-laid financial plans, today on Your Money, Your Wealth® podcast 552. Big Wallet Barbie and Ken from the Midwest have saved millions, but Barbie's still worried about retiring early, buying a new house, and converting to Roth. Is she second-guessing her plans? The fellas spitball for Dan from Florida, who's flying high in the 35% tax bracket and trying to decide between Roth 401(k) contributions and future Roth conversions. They also float a surprising idea - one that's rare on YMYW - for a listener from Chicago who is FIRE'd Up about Roth vs. pre-tax and making a tax-smart wealth transfer. We'll wrap up with a couple of your comments.
Free Financial Resources in This Episode:
https://bit.ly/ymyw-552 (full show notes & episode transcript)
The Truth About Your Love/Hate Relationship With Money - YMYW TV
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast
00:49 - Big Wallet Barbie and Ken's Roth Conversion, Retirement, and Home Purchase Strategy (Barbie Mattel, Midwest)
08:58 - Roth 401(k) Contributions or Roth Conversions? Flying High in the 35% Tax Bracket (Dan, FL)
17:23 - High-Earners Planning FIRE and Wealth Transfer: Roth, Pre-Tax… Life Insurance? (FIRE'd Up, Chicago)
29:56 - Correction on Spousal Social Security Benefits After the Fairness Act (Cindy)
33:37 - Follow Up: The Kids Are Pretty Alright (Lucas, MN)
34:44 - Outro: Next Week on the YMYW Podcast
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