On episode 42 of Portfolio Rescue, Ben Carlson and Duncan Hill are joined by Ritholtz Wealth CFO and Tax Specialist Bill Sweet to discuss downgrading to one income, prepaying for college, optimizing unrealized capital losses, and much more! Submit your Portfolio Rescue questions to askthecompoundshow@gmail.com!
►00:00 – Intro
►04:28 – Downgrading to one income.
►09:08 – Prepaying for college.
►12:58 – Save or invest inherited money.
►20:49 – Investing during retirement.
►24:45 – optimizing unrealized capital losses.
►28:36 – Setting aside IRA contributions.
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be regarded as personalized investment advice or relied upon for investment decisions. Ben Carlson, Bill Sweet, and Duncan Hill are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinions and do not reflect the opinion of Ritholtz Wealth Management. See a complete list of disclosures here:
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LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Thanks to Innovator for sponsoring this episode! Visit https://www.innovatoretfs.com/portfoliorescue to learn more about their ETF offerings.
Duncan that hat is bussin
THE NEED FOR CONTEXT
Welp, my comment on the 9/1 Portfolio Rescue stream somehow didn't post, so I'll send an e-mail and repost.
I paused the video at 3:35 because I had to comment on how Ben, and unfortunately so many in the financial press, don't talk about the recent highs with any context.
Whether we're talking about the 12/27/2021 high, or 8/8/2022, both are wildly disconnected with fundamentals.
Let's start referring to the 12/27/2027 high as the Pandemic Peak so we can put it in some context.
Given the interest-rate environment over the last decade-plus, and the monetary and fiscal excesses* during the Pandemic, any return to the Pandemic Peak is unsustainable.
The "pain" Powell refers to is, IMHO, resetting equity valuations to something reasonable.
I believe it would be helpful to reference the Buffet Indicator. The Pandemic Peak was the same as the DotCom Bubble's peak — and WAY above the GFC peak.
I really do enjoy Portfolio Rescue, it's my go-to watch every Saturday morning with my coffee.
I just wish that people talked about the Pandemic Peak with some context — especially with PR viewers who really could use some truth-telling (and not the daily blow-by-blow nonsense that CNBC, et. al peddle).
*I originally wrote "perversions," but didn't want to seem hyperbolic… 😉
What are your thoughts on wealthsfront? Pays 2% interest
Bill is then entire show thank the stocks gods for him
So I know ben said that there is no prepaid tuition program in Michigan but I think it did exist at some point. A friend of mine who went to U of M did something similar. This was likely in the late 80s or early 90s so probably was retired. I despised the in state kids but hearing he paid nothing in tuition made me next level jealous. Haha. Ben – you need to steer your kids to go in state at U of M. World class education from a top school at a bargain price!
I'm ashamed that it's so filthy here, but thanks for coming anyway!
Longterm capital gains would be tax free for the retiree!
Regarding the Prepaid 529 plans, the one I invest in does not require full payments for a semester or year. My contributions buy "tuition credits" based on the tuition rates that year. Of course, different institutions charge different tuition amounts so $10,000 in a 529 plan might buy a half a year of tuition at one school and 1/5 a year at another school.
Re: the lasr question, I like contributing to the Traditional IRA as recommended. Something to consider for later is the option to convert some of that to a Roth to reduce the RMDs. Just a suggestion.
I love Ben ! He makes excellent points !
Is the audio version up?