(2/3/23) Markets have returned in one month what they lost in 2022: If you think markets will continue to return 9%/mo. this year, you’re delusional; dreams of a soft-landing: Factual or fantasy? Is AARK the New NASDAQ? Dealing with sticky inflation at 4.5 – 5%; should the Fed’s realistic inflation target be 3%? We’re not missing out with our barbell strategy. What would Cathie Wood do? The froth in Roth’s, and the “Rothification” of retirement savings. How the Secure Act 2.0 solidifies Roth’s as a mainstay of retirement savings. Candid Coffee review & preview; 529’s and Roth rules.
3:05 – The Dream of a Soft Landing
14:22 – Dealing with Sticky Inflation
30:19 – WWCWD – What Would Cathie Wood Do?
37:29 – The Rothification of Retirement Savings
44:22 – The Froth About Roth
Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP w Senior Advisor Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell | “How to Trade a Goldilocks Market” is here:
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Our previous show is here:
“How to Invest in a Goldilocks Economy”
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The Rothification of Retirement Savings is a financial term that refers to the process of converting traditional retirement savings into Roth accounts. Roth accounts offer unique tax advantages that make them an attractive option for many people.
Traditional retirement accounts, such as 401(k)s and IRAs, allow people to save for retirement on a pre-tax basis. This means that the money saved in these accounts is not subject to taxes until it is withdrawn. This can be beneficial in the short term, as it allows people to avoid paying taxes on the money they are saving for retirement.
However, with a Roth account, the money is taxed when it is deposited into the account. This means that when the money is withdrawn in retirement, it is not subject to taxes. This makes Roth accounts a great option for people who are expecting to be in a higher tax bracket when they retire.
Another benefit of Roth accounts is that the money can be withdrawn at any time without penalty. This makes them a great option for people who may need access to their retirement savings in an emergency.
Finally, Roth accounts are not subject to required minimum distributions (RMDs) like traditional accounts. This means that the money can remain in the account indefinitely, allowing it to grow tax-free over time.
Overall, the Rothification of retirement savings is a great option for many people. It offers a number of tax advantages that make it an attractive choice for people who are looking for a way to save for retirement.
Anyone 100% in cash has no understanding & to say we had one great month that is typically a year's return you fail to realize we should be up seeing how 2022 was……..of course we can go backwards but come on guys.
So what happens to roth if the federal income tax is replaced with uniform, fair, 30% sales tax?
Once again. Friday show… waste of time.
If you hit the limit on rolling the 529 funds to a ROTH IRA, is there a restriction against simply changing the beneficiary to a new person for education purposes (a grandchild, for example)?
I recently changed the beneficiary on one of our 529s to a different child and it was a straightforward process.
Cathie Wood thinks Tesla will be selling 20 million vehicles in 10 years. She has absolutely no knowledge of the automotive industry.
who ever thought the days of barry sotoro would be the "good ole days"
LOL …. too funny, soo sad….