Episode #20 - Where to stash some retirement cash: The Roth IRA
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:
Cam Gallagher Catcher for the Kansas City Royals
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]
Individual Retirement Arrangements (IRAs) [IRS]
IRA & Roth IRA Limits 2021 & 2022
How to calculate your MAGI (Modified Adjusted Gross Income)
Required Minimum Distributions (RMDs)
Tax Cuts and Jobs Act of 2017 (TCJA)
Government Spending to Blame for Inflation says the San Francisco Fed
Biden Wealth Tax Proposal (It’s insane…)
Op-Ed Biden Tax Proposal (WSJ)
Warren Buffett’s bet with Protégé Partners
How to calculate your 401k fees
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
Alliance of Comprehensive Planners (ACP)
Kyle Hill, CFP® - Hill-Top Financial Planning, LLC
Kansas City Financial Advisors Network (KCFAN)
*This podcast uses sounds from freesound: Dry Transition by Electroviolence , Metal Door Slam Shut by ecfike, and Scream by ngrib
