Your Money, Your Wealth

Joe Anderson CFP® and Big Al Clopine, CPA answer real life investment questions for retirees and pre-retirees. Plus, 10 retirement statistics that might scare you. Joe and Al close the hour with a quiz on taxes - how will you fare? Original publish date May 21, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed. 00:00 - Intro 01:56 - “GoBankingRates.com finds that more than half of Americans have less than $10,000 saved for retirement” 04:55 - “Can I roll over an old 401(k) to fund my child’s 529 plan?” 09:05 - “Can I use tax money owed from my IRA to pay credit card debt?” 12:47 - “We want to sell my parents’ house and my sister just wants to take over my payments. Do we get any of the money we’ve already put into the house back?” 18:17 - “If you know a few simple [tax] strategies you can save a lot of taxes in retirement” 19:39 - “Could I convert my IRA to a Roth and use the interest tax credit to reduce my tax liability on a transfer?” 25:28 - “What can we do if my ex-hu