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
