How do you protect your nest egg when you’re really risk-averse – should you invest in annuities, CDs? When choosing a money market fund, should you just invest in the one with the highest post-tax return? How do you go about replenishing cash, or rebalancing your portfolio, when the stock market is up? Safe, low-risk investments, that’s today on Your Money, Your Wealth® podcast 425 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, the fellas discuss the widow’s penalty in relation to Roth conversions, and switching from survivor Social Security benefits to your own. Also – withdrawing from your portfolio before RMD age? One listener says nobody should ever need to do it! Podcast show notes, free financial resources, episode transcript:

00:00 – Intro
00:51 – How to Safely Invest and Protect $400K When You’re Risk Averse (Tyler, OH – voice)
07:31 – Rebalancing: How to “Replenish Cash” When Stocks Are Up? (Elisa, Fremont, CA)
12:48 – Market update webinar CTA

13:27 – Money Market Funds: Don’t I Want the Highest Post-Tax Return? (Michael, CO)
18:42 – The Widow’s Penalty and Roth IRA Conversions (KBH, San Antonio)
27:15 – Withdrawal Strategies Guide – download for free:

Withdrawal Trap Doors – YMYW TV:

27:46 – Can I Switch from Survivor Social Security Benefits to My Own at Age 70? (Sara, Tucson, AZ)
30:43 – COMMENT: Come On People, You’ve Had a Lifetime to Set Up Your Retirement (April, Tinley Park, IL)
36:46 – 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)

LEARN MORE ABOUT: IRA Accounts

CONVERTING IRA TO GOLD: Gold IRA Account

CONVERTING IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Are you looking for safe investment options to grow your wealth? In today’s episode of Your Money, Your Wealth® podcast 425, we will be discussing three popular investment vehicles that offer safety and security: Annuities, CDs, and Money Market accounts.

Annuities are a type of insurance product designed to provide guaranteed income for a set period of time, often for the rest of your life. They are a popular choice for individuals who want to ensure they have a steady stream of income in retirement. Annuities can be fixed or variable, and they offer tax-deferred growth on your investment. While annuities provide a safe and secure income stream, it’s important to carefully consider the fees and surrender charges before investing in one.

Certificates of Deposit (CDs) are a low-risk investment option offered by banks and credit unions. When you invest in a CD, you agree to lock in your funds for a set period of time, typically ranging from a few months to several years. In return, you will receive a fixed interest rate on your investment. CDs are FDIC-insured, making them a safe choice for conservative investors. However, keep in mind that you will incur penalties for withdrawing your funds before the CD matures, so it’s important to carefully consider your investment timeline.

Money Market accounts are another safe investment option that is offered by banks and credit unions. These accounts typically offer higher interest rates than traditional savings accounts, while still maintaining a high level of safety. Money Market accounts are FDIC-insured and offer easy access to your funds, making them a convenient choice for individuals who want to maintain liquidity while earning a competitive return on their investment.

When it comes to investing for safety, it’s important to carefully consider your individual financial goals and risk tolerance. While Annuities, CDs, and Money Market accounts offer safety and security, it’s crucial to conduct thorough research and seek guidance from a financial advisor before making any investment decisions. By carefully evaluating each investment option, you can build a diversified portfolio that meets your financial needs while providing peace of mind.

To learn more about safe investment options and how to grow your wealth, be sure to tune in to Your Money, Your Wealth® podcast 425. You’ll gain valuable insights and practical advice to help you make informed investment decisions and secure your financial future. Remember, your money is your wealth, so invest wisely for a secure tomorrow.