What is the risk with BDCs, or business development company funds? Edward in Illinois wants to know. Do Pebbles and Bam Bam in Kentuckystone have too much invested in T-bills? Are mutual funds or ETFs a better place for them to invest qualified money in the decumulation phase? Is there a difference between a traditional IRA and a rollover IRA? And Keith in Connecticut is 34 and wants a spitball on whether his investments are appropriate for his time horizon, today on Your Money, Your Wealth® podcast number 512 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Gus in Philly needs a withdrawal strategy for his dad’s multi-year guaranteed annuities (MYGAs). Speaking of MYGAs, YouTube viewer Ken thinks everyone should invest in MYGAs and bonds, and nobody should ever pay a financial advisor. What do Joe and Big Al think? And finally, comments on your state of residence for tax purposes from Greg, the prorated sale of a primary residence, and bonds vs. pension from Keith, and 7SideWays tells the fellas to focus on PERMA already - but what is it?
Access free financial resources and the episode transcript: https://bit.ly/ymyw-512
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Timestamps:
00:00 - Intro: This Week on the YMYW Podcast
01:09 - What’s the Risk with Business Company Development (BDC) Funds? (Edward, IL)
04:04 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles & Bam Bam, Kentuckystone)
11:21 - LIMITED TIME OFFER: Download the DIY Retirement Guide by Friday, Jan 17, 2025!
12:24 - I’m 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT)
18:22 - Multi-Year Guaranteed Annuity (MYGA) Retirement Withdrawal Strategy for Dad (Gus in Philly)
22:34 - Just Buy MYGAs and Bonds and Don't Pay an Advisor (comment from Ken, YouTube)
27:36 - Schedule a Free Financial Assessment with Pure Financial Advisors, Learn More about Pure's Fees and Services
28:47 - State Taxes vs. State of Residency (comment from Greg, Temecula)
30:17 - Favor Questions from People with Less than $6M Please (comment from Ed, YouTube)
31:08 - Prorated Sale of Primary Residence (comment from Keith, YouTube)
33:01 - $1M Bonds vs. $40K/yr Pension (comment from Keith, YouTube)
34:54 - Focus on PERMA Already (comment from 7SideWays, YouTube)
36:11 - YMYW Podcast Outro