Today on Your Money, Your Wealth® podcast 396, Joe Anderson, CFP® and Big Al Clopine, CPA, answer your questions on, of course, backdoor Roth strategies to get as much lifetime tax-free growth on your investments as possible. Plus, investing strategies: does it make sense to buy a property now and rent it out until retirement? How much of a single stock in your investment portfolio can you sell and pay no capital gains tax? The fellas also explain capital loss carryovers, inherited IRAs, spousal Social Security and delayed retirement credits, required minimum distributions, and they spitball on an appropriate allocation of bonds, domestic stocks, and international stocks. Show notes, free financial resources, Ask Joe & Big Al On Air:

00:00 – Intro
00:58 – Will Changing Jobs Blow Up My Backdoor Roth Strategy? (Jarrod, Houston, TX)
04:18 – Does This Pave the Way for an Easy Backdoor Roth Contribution? (Steve, steaming hot Texas)
10:57 – Download the Complete Roth Papers Package:

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11:36 – Should I Buy a Condo Now and Rent It Until I Retire in 2 Years? (Rob, Morristown, NJ)
20:15 – How is My Allocation of Bonds, Domestic Stocks, and International Stocks? (Brian, Albany, NY)
23:33 – How Much of This Single Stock Can I Sell and Still Pay No Capital Gains? (Eva, Maryland)
27:24 – Listen to YMYW Podcast 395, Capital Gains vs. Ordinary Income Explained:

Read the Blog, Bonds: A Closer Look at an Unusual Year:

28:17 – What’s the Best Way to Use a Capital Loss Carryover? (Steve, San Diego)
31:43 – Required Minimum Distributions Explained (Kurt, Columbia, MD)
35:46 – How Are Inherited IRAs Taxed for Beneficiaries? (Ken)
39:13 – Spousal Social Security Benefits and Delayed Retirement Credits Explained (Hilberto, Mount Laurel)
45:07 – The Derails

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IMPORTANT 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.
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….(read more)

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