Retirement Planning

Today on Your Money, Your Wealth® podcast 356 with Joe Anderson, CFP® and Big Al Clopine, CPA: should those in the 35% tax bracket contribute to traditional 401(k) or Roth 401(k)? Should a self-employed cryptocurrency investor do Roth conversions or tax gain harvesting? Also, a retirement spitball for a couple, age 35, wanting to retire with $5M at age 60. Plus, do the SECURE Act rules for required minimum distributions (RMDs) apply when inheriting an inherited IRA? Finally, comments on the latest Build Back Better Act. Show notes, financial resources, Ask Joe & Al On Air: https://bizlink.to/ymyw-35600:00 – Intro00:59 – Contribute to Traditional 401(k) or Roth 401(k) for Retirement? (Shake ‘n’ Bake, TX)07:10 – Retirement Spitball: Are We On Track to Retire with $5M at Age 60? (Alex)13:57 – Download Tips to Fast Track Your Retirement for free: https://purefinancial.com/white-papers/tips-to-fast-track-your-retirement/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYW14:43 – Do Roth Conversions or Crypto Long-Term Capital Gains to ACA Ledge for Self-Employed? (Johnny G, Iowa22:50 – SECURE Act: Inheriting an Inherited IRA Explained (Eric)29:46 – Download the SECURE Act Guide for free: https://purefinancial.com/white-papers/the-secure-act/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYW30:27 – “A Sneaky Annuity Bill That Will Make Joe Mad” (John, Abilene, TX)37:41 – Can I Make IRA Contributions and Not Convert Under the Current Build Back Better Act? (Frieda’s Boss, Mr Poon)40:48 – The DerailsPure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with any one of our experienced financial professionals, either online or at one of our offices in San Diego, Brea, Irvine, and Woodland Hills, California: https://purefinancial.com/lp/free-assessment/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYWSubscribe to our YouTube channel and stay tuned for the next episode of the Your Money, Your Wealth® TV show: http://bit.ly/YMYW-YouTubeSubscribe to the YourMoney, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=yIMPORTANT DISCLOSURES:• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.CFP® – The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.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.#BuildBackBetter #SECUREAct #Retirement