Retirement planner chat, with Devin Carroll from Carroll Advisory Group

[@DevinCarroll]

Thanks for having me on the podcast Andy!

[@RetirementPlanningEducation]

It was a great time, thanks for coming on!

[@TheGrizz1717]

Thanks for taking the time to bring us this podcast. I wish there was a way to get this information to younger investers. Retirement planning shouldn't start at 60 or even 50 but much younger.

[@richhill9064]

I like that Andy feels right at home with us Southerners

[@RetirementPlanningEducation]

I can see me living in Texas

[@PMBSx]

Great episode!

[@Chris_Heather_livingbestlife]

This was a really informative show!

[@gizmobowen]

Thanks Andy.

[@malcolmlove4602]

Great informative interview!

[@joelcorley3478]

Around 1:00:20 Devin starts talking about capital loss harvesting and accumulating a capital loss carry forward into retirement. But in my experience, capital losses have little real value in retirement. That's because most of my realized capital gains are taxed at 0% and my taxable income is usually taxed at 12% or less. If anything I'm more inclined to do capital gains harvesting in order to fill up my 0% LTCGs tax bracket. This lets me kick the tax can down the road on taxable securities I hope will appreciate significantly over time. Capturing capital losses was a great strategy when I was working and bringing in a regular income, but not such a great strategy now that I'm retired.

[@tr4508]

Excellent podcast! Both of you are rock stars! Do either of you plan to adjust your offering to an annual (or more frequent) review with customer adjusting portfolio and retirement plan based recommendations? Customer would own responsibility/accountability of making or not making changes. This would be an intermediate step to turning over entire portfolio over for wealth management.

[@RetirementPlanningEducation]

I'm glad you liked the episode, thanks! I can't speak for Devin, but I have no plans to offer an "advice only" (i.e. won't require management of investments to be part of the service) offering

[@tomatodo8334]

Very informative! Andy, what camera are you using? Yours is more clearer than Devin's.

[@RetirementPlanningEducation]

I think it's something funky with how Zoom exports the video and/or how my editing software then processes and spits out the final video. Devin's camera and video quality is substantially better than mine in actuality. But for some reason that doesn't come across in the final product. I have a simple Logitech C922 webcam. And no special lighting beyond my overhead LED panels in the ceiling. Devin has a proper high-end camera and real lighting. Check out any of his KZbin videos and you'll see how good his set up is. Again, it didn't translate well for some reason in making this video with me

[@joelcorley3478]

At 12:32 Devin mentions "the 5-year rule on Roth conversions" when discussing a client. In the same breath Devin mentioned that the client was impacted by IRMAA increases due to the conversions. This is a scenario that you cannot run into. There is no way those two issues can intersect as a concern for an individual in the same tax year. If you are impacted by IRMAA, you are well past 59 1/2. If you are past 59 1/2, the 5-year rule on Roth conversions no longer applies because that rule is only used to determine if there is another exception to the early withdrawal penalty on the Roth distribution. Being past 59 1/2 is always an exception to all early withdrawal penalties, so the 5-year rule for Roth conversions is meaningless even assuming future Roth distributions are not qualified.

[@stephenhegarty6179]

Many ppl have no idea what the expense ratio they are paying and how can effects to rate of return and how over time what it truly cost them and looking at other funds/ETF’s that can create a better outlook and cost less to own and build wealth….👍🏻 I do have a question and I have a large holding in SCHD and DGRO and wanted your thoughts on the funds…thx

[@RetirementPlanningEducation]

Thanks for the questions but, sorry, neither of us are able to speak in public about specific investments or give any sort of advice about how good or bad any particular fund is

[@MrCPPG]

If you roll Roth 401k employee contributions into a roth IRA, are the earnings from when they were in the roth 401k taxed?