Your Money, Your Wealth

Original publish date April 2, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed. Episode 17 of the YMYW podcast, Big Al and Joe answer the most commonly asked questions about taxes, IRAs, 401ks and Roth IRAs. Plus, their favorite tax strategies. 00:00 - Intro 04:02 - “If you’re married and one spouse is still working, you can still contribute to a Roth or IRA because of the non-working spouse election” 07:45 - “If I’m full retirement age and I’m still working, I think it makes more sense to delay to get the 8% delayed retirement credit” 10:28 - “What is the optimal long-term investment vehicle when someone has maxed out all tax-advantaged accounts?” 18:16 - “Let’s say you have an IRA and you have stocks inside this IRA, and some of these stocks have gone down in value. Should you take your RMD from these stocks?” 21:29 - “An RMD is a required minimum distribution that you have to pull out of a retirement account if it’s an IRA if you’re over 70 ½” 25:38 - “When markets ar