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Episode #20 - Where to stash some retirement cash: The Roth IRA
Episode 207th April 2022 • Personal Finance from the Hill-Top • Kyle Hill, CFP®
00:00:00 02:07:18

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In Episode 20, we're talking about where to stash some retirement cash with Don Martini, CFP®, CFA of Envision Financial Planning, a firm based in San Francisco, CA.

The Roth IRA is a great little investment vehicle for retirement savings because of the tax-free benefits. We dive into all the details of:

  • Contribution limits for 2021 & 2022
  • Income Contribution Limits & Phaseouts
  • Required Minimum Distributions (RMDs) and the tax impacts
  • Minimizing Fees
  • Investment Options
  • Backdoor Roth IRAs
  • and where to open one

Per usual, before we dive in we enjoy some fluff with Don as he shares his world travel adventures, and what we wanted to be growing up.

To skip the fluff go to the 41:35 mark.

RESOURCES:

Full House house

The Rock (movie) 

Oracle Park

Cam Gallagher Catcher for the Kansas City Royals

RSUs (Restricted Stock Units)

Yellowstone (tv show)

Stranger Things (tv show)

Ozark (tv show)

Ted Lasso (tv show)

Yosemite National Park 

Mickey Mantle 

Machu Picchu

Don's Walk-up Song - “Song 2” by Blur  (confirmed after recording; great choice!)

Kyle Walk-up Song - “Forever Young” by Bob Dylan 

Episode # 17 “What Should you do with that old 401k?” w/ Ethan Hutcheson, AAMS®

What is a Roth IRA [Investopedia] 

Roth IRAs [IRS]

Individual Retirement Arrangements (IRAs) [IRS] 

IRA & Roth IRA Limits 2021 & 2022 

Sen. William Roth 

OLT (OnLineTaxes)

How to calculate your MAGI (Modified Adjusted Gross Income)

Vesting Schedule

Required Minimum Distributions (RMDs)

Tax Cuts and Jobs Act of 2017 (TCJA)

Government Spending to Blame for Inflation says the San Francisco Fed

Modern Monetary Theory (MMT)

Biden Wealth Tax Proposal (It’s insane…)

Op-Ed Biden Tax Proposal (WSJ) 

Elon Musk World's Richest Man

SECURE Act (2019)

SECURE Act 2.0 (Proposed)

Roth 401k RMDs

Morningstar Style Box

Schwab

Fidelity

TD Ameritrade

E-Trade

Vanguard

Mutual Funds

ETFs (Exchange Traded Funds)

Target Date Retirement Funds

Glide Path

Warren Buffett’s bet with Protégé Partners

Warren Buffett’s instructions

How to calculate your 401k fees 

Expense Ratios

Roth Conversion

Backdoor Roth IRA

Aggregation Rule

5 Year Roth IRA Rules

Episode # 5 “How to Get Started Investing” w/ Rockie Zeigler III, CFP®

Nancy Pelosi’s $24,000 freezer full of ice cream

 

 

Don Martini, CFP®, CFA - Envision Financial Planning

Website,

LinkedIn,

Facebook,

XY Planning Network (XYPN),

NAPFA

FEE-ONLY Network

CFP Board

Alliance of Comprehensive Planners (ACP)

Kyle Hill, CFP® - Hill-Top Financial Planning, LLC

Website,

LinkedIn,

Kansas City Financial Advisors Network (KCFAN)

XY Planning Network (XYPN),

NAPFA

FEE-ONLY Network

CFP Board

 

*This podcast uses sounds from freesound: Dry Transition by Electroviolence , Metal Door Slam Shut by ecfike, and Scream by ngrib

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