Today on Your Money, Your Wealth® podcast 380 with Joe Anderson, CFP® and Big Al Clopine, CPA: is there a way to get out of a bad SIMPLE IRA and stash cash in a tax-free Roth account? Can an owner of a company that’s being sold to another company load up a Roth account with company shares before the sale and have a big chunk of cash happily growing tax-free? What exactly are disqualified persons and prohibited transactions? When designating beneficiaries of an annuity in a community property state like California, does state law or the annuity owner determine the beneficiary? Show notes, free financial resources, Ask Joe & Al On Air:

00:00 – Intro
00:51 – Can I Get Out of a Bad #SIMPLEIRA and Stash Money in a Roth? (Matty, Chandler, AZ)
09:50 – Download the 2022 Key Financial Data Guide:
10:36 – Disqualified Persons and Prohibited Transactions: Can I Load Up on Company Shares In My #RothIRA Before Sale If I’m an Owner? (E-Dog, Boulder, CO)
22:12 – Schedule a free assessment with any one of our experienced financial professionals:
23:07 – Which Annuity Beneficiary Designations Take Precedence in a Community Property State Like California? (JAAW, San Diego)
27:41 – 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.
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….(read more)

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