On Your Money, Your Wealth® podcast #293 with Joe Anderson, CFP® and Big Al Clopine, CPA: are you screwing up your Backdoor Roth IRA conversion? Find out. Plus, tax on mega-Backdoor Roth conversions, Medicaid spend-down rules and your Roth IRA, and Joe and Big Al take a burning confession about Roth conversions and IRS form 8606. Also, more on Vanguard’s VTSAX and dividend yield, and various options for investing for minor kids including Paul Merriman’s suggestions, UTMA, and brokerage accounts. Access transcript and financial resources, and send in money questions: 

00:53 – Backdoor Roth Conversion Burning Confession: I’ve Never Filled Out Form 8606
07:10 – Am I Doing the Backdoor Roth Conversion Wrong? Roth IRA vs Roth 401(k)
10:50 – Taxation on Mega Backdoor Roth IRA Conversion?
12:35 – Roth IRA Contribution Limit and Selling Investments
13:55 – I Had a Free Financial Assessment. I Was Told Not to Do a Roth Conversion?
16:10 – Retirement Plan Spitball Analysis: How Does Our Plan Look?
20:21 – Roth IRAs and the Medicaid Spend Down
25:51 – Should I Put Extra Savings in My Company Retirement Plan or Brokerage Account?
29:54 – VTSAX and Dividend Yield
35:51 – Uniform Transfers to Minors Act (UTMA) Account or a Brokerage Account for Minors?
36:26 – Should I Follow Paul Merriman’s Advice for Investing for a Child?
38:40 – Comment: Utah 529 Plan foe Education Uses DFA Funds
39:42 – Congratulations David T, Podcast Survey Winner

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