Save for a Home or Save for Retirement? - 389 - podcast episode cover

Save for a Home or Save for Retirement? - 389

Aug 02, 202245 minEp. 389
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Episode description

Should you save for a house down payment or invest for retirement? How much long term capital gains tax do you pay on a rental property when you sell it after 20 years, and how does a 1031 exchange work? Also, opening a Roth IRA with the Backdoor Roth strategy, and the 5 year Roth withdrawal rules explained. Plus, a couple retirement spitball analyses: are you saving too aggressively for retirement? Can you avoid the Medicare IRMAA, or income related monthly adjustment amount, and high taxes from required minimum distributions? Show notes with annual podcast survey, free financial resources, and Ask Joe & Big Al On Air: https://bit.ly/ymyw-389

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Save for a Home or Save for Retirement? - 389 | Your Money, Your Wealth podcast - Listen or read transcript on Metacast