Roth Conversions & Retirement Spitball Analysis - 421
Should Edith and Archie live off their non-qualified accounts and pay Roth conversion taxes from their 401(k)? How can Johnny from Knoxville do Roth Conversions and stay in a low tax bracket? That’s today on Your Money, Your Wealth® podcast 421 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, at age 31, are Shad and his wife saving enough for retirement? What should Tech Chick do with her severance package after being laid off from her tech industry job? Finally, listener comments on retirement plan education, Roth conversions, and the 5 year Roth clocks. Podcast show notes, free financial resources, episode transcript: https://bit.ly/ymyw-421
• 00:00 - Intro
• 00:39 - Live Off Non-Qualified Accounts, Pay Roth Conversion Tax From 401(k)? (Edith & Archie, TX)
• 11:35 - How to Do Roth Conversions and Stay in a Low Tax Bracket + Estimating Taxes (John, Knoxville, TN)
• 18:00 - Register for the Tax Planning Webinar: https://purefinancial.zoom.us/webinar...
• Download the Complete Roth Papers Package: https://purefinancial.com/white-paper...
• Download the 2023 Key Financial Data Guide: https://purefinancial.com/white-paper...
• 19:11 - Retirement Spitball Analysis: Are We Saving Enough at Age 31? (Shad, Smith's Grove, KY)
• 27:11 - Laid Off From the Tech Industry. What Should I Do With My Severance Package? (Tech Chick, Mile High Rocky Mountains)
• 38:54 - Get a Retirement Spitball Analysis: Ask Joe & Big Al On Air: https://purefinancial.com/ymyw/ask-jo...
• 39:55 - Comment: No Financial People Ever Mentioned Roth Conversions to Me Before! (Donna, Valencia)
• 40:55 - Comment: Thanks for Letting Me Educate You on Retirement Plans (Debra, St Louis, MO)
• 42:41 - Comment: You Got the Roth 5 Year Clock Wrong (David, Michigan)
• 48:06 - The Derails
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CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.