Does Your Financial Advisor Just Want to Collect Fees? - 473

Your Money, Your Wealth

Why would a financial advisor suggest that Frank in Lake Wobegon sell a piece of inherited property, pay 25% tax, and invest the lump sum? Mark in Florida is 72 and invested in CDs. Should he go back to his financial advisor, or just buy more CDs? That’s today on Your Money, Your Wealth® podcast 473 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Adam in Tennessee will have deferred income in 5 years. Should his asset allocation be more conservative? And in order to retire early at age 55, should Lewis in Arkansas delay starting Roth conversions? But first, if Mike’s wife outlives him, how can he keep her in a similar tax bracket? Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-473

Timestamps:

• 00:00 - Intro
• 00:48 - If My Wife Outlives Me, How Do We Keep Her in a Similar Tax Bracket? (Mike)
• 06:49 - Long Term Capital Gains: Retirement and Real Estate Spitball (Frank, Lake Wobegon)
• 15:58 - 10 Tax-Cutting Moves to Make Now - YMYW TV
• Top 10 Tax Tips - free download (for a limited time only!)
• 2024 Tax Planning webinar
• 17:04 - I’m 72. Should I Go Back to an Advisor or Just Buy More CDs? (Mark, FL)
• 21:32 - Should My Deferred Income Asset Allocation Be More Conservative? (Adam, Franklin, TN)
• 30:16 - Investing Basics Guide - free download
• 31:13 - Should We Delay Starting Roth Conversions to Retire Early by Age 55? (Lewis, AR)
• 41:11 - The Derails