Podcasts about ira is

Gene answers tons of listener questions: How does self-employed listener put more money away for retirement than he can in his IRA?Is it possible to spend your retirement savings and still give $500,000 each to two kids?Can a retiree ‘put’ money into a Roth IRA with having earned income?What options does listener have when her LTC company raises her premiums 150%!?Many excellent listener questions For our More than Money Audience Free Second Opinion Meeting Do you have questions about your financial situation? Are you on track to reach your financial goals – particularly your retirement goals? What should you be doing right now? Schedule a free second opinion meeting with a More than Money advisor? Call today (610-746-7007) or email (Gene@AskMtM.com) to schedule your time with us.

Is it possible to pay off your mortgage with the balance of your IRA? Is it wise? Matt talks about a recent situation where this idea was broached. He'll seek to take the emotion out of the conversation and approach the conversation from a logical perspective.

Learn what advice I gave to a college student/driver who is eager to be smart with his money. 1. Pay bills on time. 2. Contribute to 401k and get free money. 3. If in between corporate gigs, contribute to an IRA Is it all about retirement? It’s much easier the earlier you start. You’ll need to set aside less money and be richer if you start earlier because you have compounding on your side. For example, even if you are putting away less now, you’ll have twice as much money later if you start 10 years earlier. 4. Pay off credit cards, go on cash basis if you have balances. 5. If you handle credit responsibly, get credit cards with miles for air and hotel. 6. Set spending priorities like travel, car, home, etc. Don’t waste money on eating out and bar bills or other things that aren’t important to you. Treat money as a tool to get what you want. 7. Save as much as you can. 8. And of course, listen to my podcasts from #1 all the way to this one!   Listen to the Wondery podcast, Safe For Work here: wondery.fm/wealthy  

Basic Trading: Second Order Greeks Question from Brian F. - My question is for Dan. I listened to the Boot Camp shows, and recently had a question about gamma. Imagine my surprise when I learned there are other secondary greeks and even tertiary greeks. What this? Are you holding some greeks up your sleeve Mr. Black hat? So my question is what are these greeks, but more importantly, who uses them and why? Does a retail mope like me need to know about these greeks? Question from Charlie C. - Do second order greeks have any relevance for retail traders? Mail Call: Listener questions and comments Question from AV56 - When is a good time to start trading options - is there any certain time of the week or year that options traders are focused on? Question from 777: How do you adjust your options trading for cheap stocks below $10 Comment from Brian F. - I went through the Options Bootcamp shows twice, and read a few books, and now have the bug for options. Have you perused the options videos on Youtube? Is it me, or are most of these people idiots? Thanks for the education on options, I now have a way to screen the real trading educators from the BS artists. Question from Max S. -I have a lot of AAPL in my IRA but I am worried about the downside potential going forward. I do not want to liquidate that position for a variety of reasons. I have some free capital in my trading account with TD. Does it make sense to potentially pick up a few AAPL puts in that account and use them as a hedge against the position in my IRA account? If I switch that trading account from TD to my IRA custodian will the firm treat those as offsetting positions? Thx for the show. Question from TJD - What os the story on using options in my IRA? Is it still legal for 2016? Comment from Matt L. - Huge fan of your shows, I have been binge re-listening to options bootcamp as I prepare for a new year of options trading, thanks! Register today for Dan's webinar, 7 Most Important Trading Tips for 2016.

It's Friday and on Fridays, I answer your questions. If you'd like me to answer your questions, please email them to me or call them in on the website. Question #1: Joshua, My father, who is 60 years of age, has become a victim of numerous scams over the last year or two. Generally, they involve him receiving calls that he won some prize and needs to wire some money (usually in $500 increments) to the West Indies, Jamaica, etc. His decision making with his finances is not good, to say the least. He continues to fall for these scams despite being told by numerous family and friends, law enforcement, and bank reps that it is a scam and he is never going to receive any "prize." His financial situation is as follows... he receives Social Security (Disability) for around $1,400 per month. His expenses are only about $700 per month. He owns a very modest house that is paid off. Also, he has a bank IRA worth about $50,000 (earning a whopping 1.3% fixed) which is a rollover from a 401k he had when he was employed. In my efforts to help him with his finances I got him to give me Power of Attorney and I was added as a signer on his checking account. I am able to monitor his checking account through online banking. However, I live too far away to proactively keep dad from wiring in money for these scams. All I can do is call Dad after I see he has made a large cash withdrawal from his checking account and ask what it was for. I can tell by his evasive answers that it is usually for another scam. My question is, how can I prevent Dad from wiping out his IRA and spending all his future social security earnings on the dream of the big foreign lottery prize? Does the Power of Attorney allow me to move the IRA to another financial institution (perhaps an online broker, or something out of state). As it stands, Dad can go down to the local bank an withdraw from the IRA with ease. The account could be wiped out before I had the chance to try to talk some sense into him. Also, is there some way for me to become a custodian of the Social Security payment where I could ensure Dad's needs were met, and had the rest of the funds could go into a savings account in his name? I would welcome any other suggestions you have on this matter. Your response would be appreciated very much! Take care, Jason -- Question #2: @21:11 Joshua, How much can one roll into a roth IRA from a traditional IRA? Is it true that interest earned in the traditional IRA is treated as principles once rolled into the roth and can be withdrawn without the penalty after 5 years? I really like the variety of your show. keep it up. Best wishes, Brad from Utah -- Question #3: @27:11 Joshua, A friend (22 y.o. male new grad. just starting his first engineering job) asked me if I had any good resources on investing. Prior to his question...I sent him your "Become a millionaire working at Walmart" episode as I felt that portrayed a lot of key concepts very well.  I want to recommend another episode that really embodies your take on investing which I think is very helpful....as my friend seems to think investing just means putting money in the stock market. What would you share with him? Dustin  -- Question #4: @38:17 Joshua, I think I have a unique and "radical" financial situation. I figured with your unique outlook on things and the interesting nature of your show this might an interesting question for you to consider. I want to be frozen after my legal death and reanimated later. I also want to preserve my wealth so that if/when I am brought back I will gain the benefit of at least many decades of compound interest. My question is: How should I fund my being frozen and how should I preserve my wealth in perpetuity after my death till my reanimation? Details: I currently have a 20 year term $150,000 life insurance policy. The cryonics organization is set the be the beneficiary. Upon my death they will take my body and fly it to their facility where it will be retained. The cryonics plan that I have signed up for costs $80,000. I have added the additional $70,000 for any chartered flights that might be needed to be flown or any legal battles that might need to be fought in order to get my body. I know that the 20 year term will expire and as I am presently 23, I (hopefully) will still be around. I was wondering what I should do long term? I was considering just using the company's standard trust model and just pumping money into it over the 20 year period. My insurance rep thinks I should move to a whole life policy. What are your thoughts? My second question is in regards to preserving my personal wealth upon death. As I will no longer be a legal person upon death, what is the best way preserve and grow my wealth over the years in such a way that I can claim it upon being reanimated? Ideally I would like to have a revival incentive in order to encourage people to revive me, something along the lines of 20% of the wealth accumulated. What do you think the best financial instrument would be? A trust? It's a bit tricky as I will not be a legal person after death. It's an odd question and I appreciate your help, Thanks, Caitlin -- Enjoy the show! Joshua Links: Support the show: http://radicalpersonalfinance.com/patron Wikipedia: Rule Against Perpetuities

Ron Siegel is joined by Joy Nelson to discuss:Mortgage Minute: Mortgage Interest Rates pick up amid economic gainsReal Time Real Estate: 52% of homeowners plan a home improvement this fallWord on Wealth:  How to get the Most of 529 College Savings Plans Jobs market bumping along bottom of Very Deep hole Treasury 10-Year Yield advances to 3% for First Time since 2011 August Unemployment drops to 7.3% while labor participation rate is the lowest in 35 years Challenger Layoffs increase Number of Americans with jobs dropped by 115,000 in August What is a self-directed IRA? What are the different types of alternative investments I can hold in my self-directed IRA What type of property can I hold in my self-directed IRA Is there anything I cannot hold in a self-directed IRA Can I use my IRA funds as a down payment for a house I want to live in Who holds title on a property funded by my IRA Featured Guests Joy Nelson – Polycomp Administrative Services Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron at 800.306.1990 Ron@RonSiegelRadio.com www.RonSiegelRadio.com www.Facebook.com/RonSiegelRadio www.SiegelLendingTeam.com Twitter: @RonSiegel