What is private credit and where does it fit in your investment portfolio? At age 60, Hope is tired of working and she’s hoping to retire in 2-3 years. Should she factor home equity into her retirement spending plan with a reverse mortgage? Which mortgage option for a Houston dream home is best for Nisa in San Jose’s early retirement goals? That’s today on Your Money, Your Wealth® podcast number 476 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Wayne in Phoenix needs to know how the section 121 tax exclusion works on a vacation home, and Jack and Jill in the UAE have questions about tax gain harvesting and the foreign earned income exclusion. Finally, are Joe and Big Al off their strategy game? A Spotify listener takes the fellas to task about the Affordable Care Act subsidy discussed in episode 472, and challenges their spitball for Duke and Daisy’s retirement spending plan in episode 475. 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-476
Timestamps:
• 00:00 - Intro
• 01:03 - What Is Private Credit? (Janine, La Jolla, CA)
• 08:07 - Is a Reverse Mortgage Right for Me? (Hope)
• 14:21 - Using Reverse Mortgages To Secure Retirement with Dr. Wade Pfau - YMYW Podcast 117
• How Your Home Can Create Retirement Income - YMYW TV
• 14:59 - Which Mortgage Option is Best for Me in Early Retirement? (Nisa, San Jose, CA)
• 24:04 - Section 121 Tax Exclusion on a Vacation Home? (Wayne, Phoenix, AZ)
• 26:48 - What You Need to Know Before Filing Your Taxes in 2024 webinar
• 2024 Tax Planning Guide
• 27:39 - Foreign Earned Income Exclusion: Can I Harvest Long-Term Capital Gains? (Jack & Jill, UAE)
• 37:06 - ACA Subsidy & Retirement Spitball: Are Joe and Big Al Off Their Strategy Game? (Spotify commenter)
• 45:02 - The Derails
401(k) vs. Roth: Where to Save for Retirement - 480
Tax Loss Harvesting, Tax Gain Harvesting, Financial Advisor Value - 479
How to Manage Taxes When You Win the Lottery - 478
What’s the Break-Even Point on Roth Conversions? - 477
Is Your Retirement Withdrawal Rate Too High? - 475
How to Take the Uncertainty of Taxes Off the Table - 474
Does Your Financial Advisor Just Want to Collect Fees? - 473
Will Roth Conversions Put You On Track to Retire Early? - 472
How Much Should You Convert to Roth IRA? - 471
Spitballing Retirement for Fat Wallets - 470
401(k) Ins & Outs, Roth Conversion Benefits, and Divorce Finances - 469
How Much to Save in Tax-Free, Tax-Deferred, and Taxable Accounts? - 468
What Does Retirement Look Like for You? - 467
Roth Conversions to Pay Less Tax on Retirement Withdrawals - 466
Personal Finance 101: How to Teach Teens About Money - 465
Tax Strategies, Backdoor Roth, Buy vs. Rent - 464
Retirement Investing, Roth Conversion Pros & Cons: YMYW Best of 2023 - 463
Can You Retire Early at Age 50 or 60? - 462
Roth & Retirement Spitball, Insurance, and the Origins of YMYW - 461
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