<description>&lt;p&gt;Today on Your Money, Your Wealth® podcast 560, Joe Anderson, CFP® and Big Al Clopine, CPA spitball business development company (BDC) funds for Edward in Illinois before diving into buckets of cash, T-bills, decumulation, and Roth conversion timing for Pebbles and Bam Bam. Plus, the fellas help 34 year old Keith in Connecticut figure out if he's actually on track, whether he's taking too much risk, or just worrying too much. They also spitball on the six-figure annuity gain that Gus in Philly's 95 year old dad has amassed. Finally, why yelling "never pay an advisor" on the internet doesn't necessarily magically turn MYGAs into the perfect investment for everyone.&lt;/p&gt; &lt;p&gt;(While Joe and Big Al enjoy a little seasonal downtime and Andi recovers from surgery, enjoy this encore presentation of these questions from a January 2025 episode.)&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;Free Financial Resources in This Episode:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p2"&gt;&lt;strong&gt;&lt;a href= "https://bit.ly/ymyw-560"&gt;https://bit.ly/ymyw-560&lt;/a&gt;&lt;/strong&gt; &lt;em&gt;(full show notes &amp; episode transcript)&lt;/em&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;a href= "https://purefinancial.com/white-papers/10-steps-to-improve-investing-success/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;strong&gt;10 Steps to Improve Investing Success&lt;/strong&gt;&lt;/a&gt; &lt;em&gt;- free download&lt;/em&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;a href= "https://purefinancial.com/white-papers/tax-smart-charitable-giving/?utm_source=youtube.com&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;strong&gt;Tax-Smart Charitable Giving Guide&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;a href= "https://purefinancial.com/ymyw/episodes/6-secrets-to-bigger-tax-savings-from-your-nonprofit-donations/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;strong&gt;6 Secrets to Bigger Tax Deductions from Your Non-Profit Donations&lt;/strong&gt;&lt;/a&gt; - &lt;em&gt;YMYW TV&lt;/em&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;a href= "https://purefinancial.com/financialblueprint/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;strong&gt;Financial Blueprint&lt;/strong&gt;&lt;/a&gt; &lt;em&gt;(self-guided)&lt;/em&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://purefinancial.com/lp/free-assessment/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;strong&gt;Financial Assessment&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt; &lt;span class= "s1"&gt;&lt;em&gt;(Meet with an experienced professional)&lt;/em&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;REQUEST your&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ymyw/ask-joe-and-al/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;span class="s4"&gt;&lt;strong&gt;Retirement Spitball Analysis&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;DOWNLOAD&lt;/strong&gt; &lt;a href= "https://purefinancial.com/white-papers/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;span class="s4"&gt;&lt;strong&gt;more free guides&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;READ&lt;/strong&gt; &lt;a href= "https://purefinancial.com/learning-center/blog/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;span class="s4"&gt;&lt;strong&gt;financial blogs&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p3"&gt;&lt;span class="s3"&gt;&lt;strong&gt;WATCH&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ask-pure/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;span class="s4"&gt;&lt;strong&gt;educational videos&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;SUBSCRIBE to the&lt;/strong&gt; &lt;a href= "https://purefinancial.com/lp/newsletter-sign-up/?utm_source=LibsynDestinations&amp;utm_medium=podcast&amp;utm_campaign=YMYW-560"&gt; &lt;span class="s2"&gt;&lt;strong&gt;YMYW Newsletter&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt; &lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;Connect With Us:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://bit.ly/YMYW-YT"&gt;&lt;strong&gt;YouTube&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;span class="s1"&gt;: Subscribe and join the conversation in the comments&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://lnk.to/ymyw"&gt;&lt;strong&gt;Podcast apps&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;span class="s1"&gt;: subscribe or follow YMYW in your favorite&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s2"&gt;&lt;a href= "https://bit.ly/YMYWpodcast"&gt;&lt;strong&gt;Apple Podcasts&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;span class="s1"&gt;: leave your honest reviews and ratings&lt;/span&gt;&lt;/p&gt; &lt;p class="p5"&gt; &lt;/p&gt; &lt;p class="p6"&gt;&lt;strong&gt;Chapters:&lt;/strong&gt;&lt;/p&gt; &lt;p class="p6"&gt;00:00 - Intro: This week on the YMYW Podcast&lt;/p&gt; &lt;p class="p1"&gt;01:03 - What's the Risk With Business Company Development (BDC) Funds? (Edward, IL)&lt;/p&gt; &lt;p class="p1"&gt;03:58 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles &amp; Bam Bam, Kentuckystone)&lt;/p&gt; &lt;p class="p1"&gt;12:02 - I'm 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT)&lt;/p&gt; &lt;p class="p1"&gt;17:59 - MYGA Retirement Withdrawal Strategy for Dad (Gus in Philly)&lt;/p&gt; &lt;p class="p1"&gt;23:00 - Just Buy Multi-Year Guaranteed Annuities (MYGAs) and Bonds (comment from Ken, YouTube)&lt;/p&gt; &lt;p class="p1"&gt;28:04 - YouTube comments: State Taxes, Pro-Rated Sale of Primary Residence, Bonds vs. Pension, and PERMA&lt;/p&gt; &lt;p class="p1"&gt;35:27 - YMYW Podcast Outro&lt;/p&gt;</description>

Your Money, Your Wealth

Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

The Truth About High Income Investments and Retirement Safety - 560

DEC 16, 202537 MIN
Your Money, Your Wealth

The Truth About High Income Investments and Retirement Safety - 560

DEC 16, 202537 MIN

Description

Today on Your Money, Your Wealth® podcast 560, Joe Anderson, CFP® and Big Al Clopine, CPA spitball business development company (BDC) funds for Edward in Illinois before diving into buckets of cash, T-bills, decumulation, and Roth conversion timing for Pebbles and Bam Bam. Plus, the fellas help 34 year old Keith in Connecticut figure out if he's actually on track, whether he's taking too much risk, or just worrying too much. They also spitball on the six-figure annuity gain that Gus in Philly's 95 year old dad has amassed. Finally, why yelling "never pay an advisor" on the internet doesn't necessarily magically turn MYGAs into the perfect investment for everyone. (While Joe and Big Al enjoy a little seasonal downtime and Andi recovers from surgery, enjoy this encore presentation of these questions from a January 2025 episode.) Free Financial Resources in This Episode: https://bit.ly/ymyw-560 (full show notes & episode transcript) 10 Steps to Improve Investing Success - free download Tax-Smart Charitable Giving Guide 6 Secrets to Bigger Tax Deductions from Your Non-Profit Donations - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings Chapters: 00:00 - Intro: This week on the YMYW Podcast 01:03 - What's the Risk With Business Company Development (BDC) Funds? (Edward, IL) 03:58 - T-Bills, Decumulation, IRAs, and Investing Strategies (Pebbles & Bam Bam, Kentuckystone) 12:02 - I'm 34. Are My Investments Appropriate for My Time Horizon? (Keith, CT) 17:59 - MYGA Retirement Withdrawal Strategy for Dad (Gus in Philly) 23:00 - Just Buy Multi-Year Guaranteed Annuities (MYGAs) and Bonds (comment from Ken, YouTube) 28:04 - YouTube comments: State Taxes, Pro-Rated Sale of Primary Residence, Bonds vs. Pension, and PERMA 35:27 - YMYW Podcast Outro