10.20.26 Ask An Advisor With Wes Moss
Summary
Wes Moss answers listener questions on Roth conversions, explaining that withholding taxes from the conversion amount reduces the tax-free growth potential compared to paying from outside sources. He advises an engineer on breaking into financial advising, citing a severe industry shortage and the value of non-traditional backgrounds. The episode also covers asset liquidity, the updated $1 million threshold for retirement happiness, Roth IRA five-year rules, and strategies for holding dry powder and bunching charitable contributions via donor-advised funds.
Topics discussed
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Q&A: Roth conversion tax withholding strategy
Q&A: Career change to financial advisor
Q&A: Net worth vs. home value and liquidity
Q&A: Moving for family vs. personal happiness
Q&A: Order of spending accounts to avoid RMDs
Sponsor: PolicyGenius life insurance
Sponsor: Talking Real Money podcast
Sponsor: Charles Schwab investing
Sponsor: Indeed Sponsored Jobs
Sponsor: Gatorade Zero hydration
Q&A: Updated income needed for happy retirement
Q&A: Roth IRA five-year rules and vintage
Q&A: Where to hold dry powder for retirement
Q&A: Bunching charitable contributions via DAF
Outro and newsletter promotion
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