Should You Switch Retirement Contributions to Roth? - 518

Should YMYW listeners be saving to their  traditional 401(k)s and IRAs, or their Roths? That’s up next on this episode of Your Money, Your  Wealth podcast. Plus, what are the rules around contributing to two different Roth accounts at  the same time? If required minimum distributions are going to be staggered because of a couple’s  age difference, should they convert to Roth or just leave it alone? But first, the fellas  have a Roth conversion withdrawal debate to

All right. Thanks again for joining  us. It sounds like a Roth show today.

Apparently. Yeah. Well, we  like to talk about Roths, so-

Do you think there's a theme here?

No problem.

Yeah.  I'm over Roth. I've  been over Roth for 10 years.

You're over it?

Well, I was just talking about  it every week.  Over and over again. I thought that's all you thought about.

You guys are the Roth brothers now. Come on.

All right. Let's dive in. Okay. We got, “Hey  Andi, Joe, Big Al. This is Tyler from Arlington,

Nice.

“Drink of choice is seltzer water or iced  coffee and non-work vehicle is a Kia Forte. Boring, I know.” He's a federal agent.   He drinks iced coffee and seltzer water.

He's got to stay sharp.

He's got to.

He does.

He's got to be jacked. All right.   “On the YMYW podcast episode 507-“oh God, I hate it when people do that. “-at 13:20-“ Thank you for the very exact-

Also known as 1:20-

Yeah, like, I don't know,  how many episodes ago was this?

13 minutes and 20 seconds into the episode, he's saying. So he's calling you  out exactly where you said it.

Oh, that's what he's saying. Okay, got it.

All right. “The listener asked if he could  withdraw his backdoor Roth IRA contributions to help fund early retirement. You mentioned  that he would be subject to a 10% penalty if he withdrew the converted amount within  5 years. I was under the impression that a non-taxable conversion can be withdrawn at any  time, even with a 5-year of a backdoor conversion, without a 10% penalty. A Q&A on Ed Slott's  website, along with articles from CPA Sean

- Excerpts.

Oh, “ -excerpts  appear to support the  fact that a 10% penalty would only apply to a taxable conversion if withdrawn within the 5  years.” So all of this, I don't really care.  If you do a conversion, don't take the money out  within at least 10 years. It doesn't matter. I guess if it was an emergency, but this  guy's doing a conversion to buy his house?

Right.

He probably said it just to- tell him not to.

It could be. I forget, but-

“My personal CPA, on the other hand,  said the 10% penalty would apply to the withdrawal of a backdoor conversion amount  if taken in the first 5 years. Can you please settle the debate? Thanks again  for all you do. Love the show. Tyler.”

Well, I don't exactly remember what we  said. It was a few episodes ago. However, I can tell you, Joe, that it's, generally with a  Roth conversion, if you're under 59 and a half, then you have to wait 5 years for the principal  part, right? The part you pay taxes on,

And that makes sense.

Yeah, it kind of does. And I did  a little research on this rather than kind of off the cuff. And I think Tyler is right.

Well, now you think about it.

It does make sense.

The 10% penalty on the conversion  is only to avoid people to take dollars out of a retirement account before 59 and a half.

Yeah, yeah.

-that took a tax deduction. So, hey, I  received a tax deduction on my 401(k) or my IRA, you know, it was pre-tax, and I'm under  59 and a half, and I'm going to take the money out. Yeah. People would convert  their retirement accounts, pay the tax, and then take the money out the next day.  Right. So it was a loophole in the law.

Right.

So with this, it was already after-tax  dollars that was accessible already. Right, so you took money from your checking account or money  market account or whatever, you put it into the IRA, then converted it. I suppose that makes sense  that those dollars could be accessible because you never got the tax benefit to begin with by  putting the dollars in the retirement account.

And publication 590B on page 33-

Did you memorize it?

No, I got it right here.  But  it says to that effect. Basically, it says that you don't have to pay penalties  on the part you did not include in income on the conversion. So, that seems to  state that Tyler's right. And again, I’m not sure what we said. That was a few  episodes ago, but I, whatever we said-

You're not going to go back and listen to it.

No. Are you?

No.  All right. Well, hey, good luck  with the career in financial planning and being a federal agent. And all the best.  And, yeah, if you're a federal employee, and you need some help, you gotta look up Tyler.  No idea of where Tyler's firm is? What's the name?

We know he's in Arlington, Virginia,  which makes sense if he's a federal agent.

Yeah, look him up.

Yeah, he's calling us out.

Which is fine, I'm fine with that.

Alright, we got Kimberly from New York.  “Just a quick question. I have a work 403(b),

Right.

So, 401(k)s or 403(b)s are different than  IRAs, so yeah, you can definitely double up there.

Yeah, and I think Joe, a lot of  people don't really realize that, that you can, completely max out  your Roth 401(k), 403(b), whatever, and still do a Roth IRA contribution. So that's  still available, it's considered to be different.

Okay, let's move on to Kate  from Cleveland, Ohio goes, “Hey, Joe, Big Al, Andi, this is Kate from  Cleveland. I'm 36 single and drive a Acura Integra. My favorite drink  is bourbon and in my spare time, I try to golf as much as I can.” Oh, Kate from  Cleveland, Ohio, got something in common with you.

You do.

“I have approximately $450,000 saved in  investments, $300,000 in my traditional TSP, $40,000 in my Roth TSP, $50,000 in a  taxable brokerage, $45,000 in a Roth IRA, $15,000 in an HSA. I'm sure Al will  add all that stuff up momentarily, so if you weren't following, no problem.”

Well, she already said it's about $450,000.

Total.

Yep, total.

All right. “Current income is $150,000  annually.  And I'm maxing out my traditional TSP, Roth IRA, and HSA.  I usually add another $5000  to $10,000 into my brokerage account.” Man, what do you live off of? What kind of bourbon  do you drink? And what courses are you playing?

It's the public course on Tuesday.

“I feel like I'm in good overall financial  position. However, I work in federal law enforcement, which adds some different nuances to  retirement. And would love to hear your thoughts. Plan on retiring at age 50. And I'll become  eligible for my full pension, conservatively estimated at $65,000 annually, and also have full  access to my TSP withdrawals with no penalty as

Okay, so she's asking should she go Roth  or traditional in her TSP contributions, and for a little context, she's in the  24% tax bracket.  So what do you think?

Let's see, she's going to  have a really good sized pension, $65,000. Well is Kate going to get  married? Because that will change-

- could change, yeah.

- it could change your tax bracket,  right? I mean the question she's asking has nothing to do with like what  she's gonna do in retirement.

Yeah, well, she's only 36. So it's a  little early. But she wants to retire at 50-

Yeah, she's a badass cop. Drinks bourbon and  plays golf.  I don't know. Yeah at 36, you’re in the 24% tax bracket. She's probably-  She's saving  a ton of money. She's got $450,000, $300,000 in the TSP now, she's got another 15 years of fully  funding that.  I would go Roth if I were her at the 24% tax bracket, I still think that's a decent  rate. Right. If her income continued to increase, then I would probably, or if tax rates  changed, I would try to stay in the 24%.

Right.

And so I would split the contributions, if,  let's say if I jumped into the next bracket. Yeah, so I would just take a look at what those brackets  are each year, but I like Roth at the 24%.

I think I agree with you because she's in  the 24% bracket. She makes a good salary at 36, you know, I don't know federal government  what her prospects are for higher salary or higher roles. But chances are  at 36 doing as well as she is, she'll probably promote and make more money,  maybe be in higher tax brackets later. You know what? If that seems like too much to  go all Roth from TSP, maybe you could do 50/50 if that's a little easier to stomach.  But yeah, I like the idea of going Roth.

50/50. That's like the worst  advice I think I've ever heard.

That's-

It's not advice, it's a spitball.

You dip your toe in and see how you like it.

Well, you're so scientific most of the time.

I know, but there you go.

Alright, alright. I like Roth in the 24%.  She creeped up, then I would go pre-tax, but yeah.

Yeah, I'm, I agree with you.

50/50.

I'm just saying, some  people, when they do that, then they, have a lot less take  home and it doesn't feel as good.

If I ever saw, I'm like, why are you  going 50/50? They're like, Big Al told me.

Well, I'm just saying what I might do.

All right.

How about that?

It's important to understand Roth accounts  and how they work so you can take full advantage of the lifetime tax-free investment growth that  they offer. Click or tap the link in the episode description to download the Ultimate Guide  to Roth IRAs for free. You’ll have valuable information - in print, mind you - about how Roth  contributions and conversions allow you to keep and grow more of your money. Plus, you heard the  fellas mention the infamous Backdoor Roth strategy

Okay. All right. Let's move on. We  got, “Hi Andi, Joe, Big Al. This is Neo, 66 yo from San Clemente with another  no brainer spitball question for you to answer while I'm walking on the beach as  I continue to recover from brain surgery.”

Oh boy.

Oh, “It is going as expected and fortunately  coming along well.  I'm still going to crack an 805 once I'm 100% recovered  on the first tee.  And Trinity-” All right. On the first tee-

- he's going to crack an 805 on  the first tee once he's fully recovered.

Yep, I can picture that.

And then Trinity.

And Trinity-

His wife.

“- and 63 year old still prefers 80-  And Trinity, 63 year old-“ Who's Trinity?

His wife. It's Neo and Trinity.

Neo and Trinity.

That’s Mr. Anderson. You know how  many times someone said that to me?

I would imagine a lot.

Millions.  It’s Mr. Anderson-

Just like that.

“Still prefer a pomegranate martini.  This  time I'm wondering about saving in traditional IRA versus Roth IRA to self-insure for long-term  care expenses.  Which are way expensive to buy at my age. So self-insurance seems like  a logical choice. Should I convert all of my $1,200,000 IRA to Roth in the next few years  before I take Social Security at 70 in 2028, 58,000?” Okay. “Or should I hold $300,000  plus in a tax-deferred account since I think

He's 66.

Oh, 12... This was in December.

Email's from December.  We're a little behind.

A little bit.

Yep. Yep.

“Converting to the top of the  24% tax bracket in 25, 26 and 22 and 27 through 29……….” Okay. (mumbling)  All right. “Love the show. I've learned a ton. Figured out my plan by listening  to archived episodes, about 150 of them.”

Wow! Neo!

That's impressive.

Holy cow!

Can you imagine?

150 episodes?

And he says “the real world  example set you guys apart.” See, that's why we keep doing the Roth show.

Okay, alright.

So, alright.

So should he convert the whole $1,200,000?

No.

Not yet.

I don't know, he's-

In 4 years.

No, no, no.

It's too much.

Way too much.  Stay in the 22%  tax bracket. You're retiring, he's, it’s go to the 22% tax bracket  and if long-term care is going to be tax deductible. So you want to pull the  long-term care cost out of your IRA versus Roth.

Yeah, you kind of you don't really  necessarily want to convert everything just for that reason. And plus I mean the other  thing too is you look at your tax bracket when you're paying the tax on the conversion versus  your retirement bracket. And being retired,

What do you think?

I think that’s a good- like, I  mean, it seems like they get extended, but you got to watch that though, right?  If you're thinking about a 4-year plan, you got to make sure that the taxes are where you  want them to be when you do these conversions. But I would say in 2025, if you want to do  a bigger conversion in 25, you could even do the top of the 24%. But there's no reason  why you would convert the whole $1,200,000.

No.

And in fact, there's no reason to  stop doing conversions when $58,000 of Social Security comes in. You still  have an opportunity before RMDs.

Yeah. There's an $80,000 pen- I mean, it sounds like the fixed income is good.  Yeah. The RMD.  And they're still young, 66 and 63. Yep. So, they have roughly  10 years to get a lot of this out.

That's right.

$1,200,000. I mean, if you just, you  know, if you go big in 24, I don't know, I went, 24% tax bracket's giant.  If they don't have a ton of income, they could probably convert  24%.  I mean, like $200,000.

Yeah, if they want to go that far and they've  got the brokerage account to pay the tax. That again, that, that could make sense mathematically,  but it's another thing where you can, you know, when you get your tax return and you got  this big tax bill, are you okay with that?

Yeah.  All right.  Well, I'm  glad that you're doing all right, bud.

Yeah, me too.

Keep, plugging and chugging and that 805  is coming right down the pike here for you. We got Mike from Western PA. “Thank  you in advance for your evaluation.”

I think that's what he means.

But it's all for me. It's not  like my 3-year-old. That's mine. That's for me. Don't touch it. “$600,000  of the Roth belongs to my wife. We have $700,000 in our brokerage account. We plan  to spend $20,000 to $25,000 per month in retirement. Does it make sense to do Roth  conversions with the remaining $4,000,000? Alternatively, could we just leave the  accounts alone, since we'll be taking RMDs at different stages based on our age  difference? Okay, we're currently in the 22%,

So $4,000,000 is in,  tax-deferred, $1,000,000's in Roth.

Right. So Mike, no, you still wanna do conversions. Let's  say $4,000,000. 4 times 4 is 16-

$160,000.

Your RMD is $160,000 plus.

Yep.

And it's only gonna go up from there.  So yeah, you want to continue to convert out. How you think about it from an age difference,  is that you would want to convert your wife's out first because she's going to hit the  RMD age sooner.  Or you look at who has the larger balance, but I would usually go  with the older person to convert that out.

I would too. I'd go with the older person  just because they'll hit RMD first. Yeah, no, there's definitely, looks like be some good room  to do conversions. How much should you convert? I mean, basically, you look at that, you look at  that, your tax bracket between now and RMD age,

So their Social Security is going to be  $72,000 a year at age 70, $72,000 minus the, you know, standard deduction, go to the 24%.  You could probably convert $300,000 out.

Right.

I would definitely be thinking  about that over the next few years. At $5,000,000, I mean, that RMD only gets higher.

It does.

And then if one person dies, even though this  is morbid. But guess what? It's still the same RMD, but then you just cut your tax rates in half.  So you hit those higher tax rates a lot quicker with income. Because the top of the 12% and the  22% and 24% tax brackets are cut in half. So,

Yeah, I think, to me, that's the key. Given  their age, they got $4,000,000 in a retirement account- The thought of getting more of  that out with a Roth conversion, to me, that makes a lot of sense. You could look at the  22% bracket. You could look at the 24% bracket. I would not go above 24%. Be careful there. There's  no reason to pay any more tax than that. But yeah, certainly this year we know for sure  we have the 24% tax bracket. Next year

Okay, moving along. We got “Hi Joe,  Big Al and Andi. This is Joe from North

That's a lot of listening.

That's impressive.  How  many times do you have to go up and down your stairwell to get 4 miles?

Well I do, I typically walk about 5 a day.

5 miles a day.

But that includes everything, like,  like walking from my car to the office, cause I just track my steps on  my phone and my miles that way.

What is it? How many steps?

10,000.

That's 5 miles?

Hmm, For me.  Yep. Yep. How  about you? How much do you walk?

I don't know.  I bike. I bike  like probably on the old Peloton.

Well, that, counts. That works.  That's about 60 miles a week. Yeah. Okay. There you go.

“My drink of choice is a craft beer.  It's  a little too early for me to be thinking about retirement, but I like your spitball  about whether I should contribute to, guess what, a traditional or a Roth.” Here we go.

We got a theme going.

38 years old. He's got $1,300,000 in savings.

How can that be?

At 38. How much money did you have at 38?

$4.

Yeah, I didn't have $1,300,000.   Oh my God. “I currently rent, have no debt. My gross income is $200,000 a  year. I spend about $50,000.” Spend more money, dude.  He's walking.  Stop  walking. Maybe sit down.

Get a car.

Watch a movie. Spend a little cash. No,  $50,000. Good for him, man. “About 5 years ago, I realized my company allowed for the Megatron-.”  He has been listening for a while. “-in addition to the regular backdoor Roth. My yearly  savings is roughly $34,000, 401(k) plus match, $35,000 backdoor Megatron, $35,000 brokerage.  Since the pre-tax contributions keep me in the 24% tax bracket, I find it difficult to give  up all that tax break now. Although I know Joe,

It's pretty amazing.

He's single, no children.

Yep. Doing a lot of things right.

Just wait until he  finds that significant other.

That beautiful lady and starts  to have kids. Do things change?

Yeah.

From experience?

Yeah.  I waited.

A couple years?

I waited until I was in the, yeah,  my late 40s. I was living Joe's life.

You were.

I was.

Yeah.

It was great.  My life is perfect.

Yeah. I know it is.

Okay, what, I don't know,  I already said my answer.

Yeah, no, I, agree with you.  Yeah, I  guess maybe I'll just say this. If you get into the 32% bracket, you might want to do  the traditional just to get back to the 24%, but make sure you utilize all  the 24% bracket. So you're taking advantage of that and getting the Roth  dollars while you're in that bracket.

How much money will you need to have saved  by the time you retire? It's probably more than you think, and many factors impact whether your  retirement savings will last as long as you do. This week on a brand new episode of Your Money,  Your Wealth TV, find out from Joe and Big Al how your lifestyle and spending, your longevity and  health care, inflation and taxes, and where you retire all impact the kind of life you'll live in  retirement. They'll teach you financial moves that

“Hi Joe, Big Al and Andi.  I'm Herrick.”

Herc.

Herrick. Herc?

Herc. Herc and Angel.

Hercules?

I think so.

That's kind of a cool name.

Herc.

“61. 61 and a half. “She is Angel at  60 and a half. We are both divorced. We've been together for 13 years.” So they were  married and divorced and still together?

I have a feeling they were each  married to other people and they are each divorced and have been together since then.

That's what I get out of it too.  They were divorced with other people.

Got it. Okay. Okay.  “We haven't yet  gone around to get married.” Oh, well, I should have just read one more  sentence.  “I enjoy your podcast, and I hope you can help us out. A drink  of choice for me is a lager, vodka, or whiskey.” All right. “Hers is sherry-”  Wow.  When’s the last time I had a sherry?

I didn't even know they made that still.

“A little Skrewball-“ All right. That's,  that's made right here in Southern California, San Diego. “-and Pinot Grigio.  Or tea with honey bourbon.” Wow. You guys have a lot of  little favorite drinks of choice here. “We also like martinis and margaritas  and just anything else that has booze in it.”

Yeah. They're kind of like those people  that said "we'll drink anything alcoholic."

Yeah. We'll just drink it. Even gasoline.   “She drives a 2015 Nissan Rogue. I drive a 2015 Toyota RAV4. I plan to buy a new or  slightly used SUV in the next year, with cash. We both work local government  in Massachusetts and both will collect traditional pensions. We would both like  to retire in 2026 at the ages of 63 and 62, respectively. At that point, our estimated  combined pensions will be $216,000. There's

This was also in December. This was  before the Social Security weapon GPO change.

Yeah, so it's gonna be even better.

“Our house is worth $620,000, and we  have $220,000 remaining on a mortgage of 3.75%. Angel has about $25,000 remaining  in her car loan. We have no other debt. My two kids on their own and her son will  graduate college in May 2025. We have no college debt and expect the kids will be  self-sufficient. Current annual expenses, including the mortgage and contributions  to savings at brokerage accounts are approximately $180,000 a year, expenses in  retirement expected to be $200,000 a year.

And they have $1,000,000.  So that's pretty good.

If you want to spend $200,000.

So you're good.

There's the math. Herc, I think you're good.

Oh, here's the questions.

“I am concerned about our tax liability in  retirement due to our pensions of 457s that will grow for the next decade plus before our RMDs  kick in. Here's the spitball. Should we start doing conversions?” Yes.  “Should we dial back  our pre-tax contributions and put more into a taxable brokerage account or cash?” No, I  would go all Roth. “At what point should we reduce our stock holdings and move towards  bonds?” I wouldn’t, you don't need the money,

It is, I like it.

“Should we ditch the annuity?” Yes.

Okay, I'm going to read my answers.

Alright, there you go. What's yours?

“Should we start doing Roth?”

I feel like this is the Family Feud.

“Should we start doing Roth conversions?  Yes.  “Should we dial back our pre-tax contribution to put more into tax and  brokerage?” No, but go into the Roth.

Oh, wow. Okay. Number  one answer.  Ding, ding, ding.

“At what point do we reduce our stock holdings  and moved into bonds or safer investments?” Depends upon your goals, which is the same  answer for the next one. “How much to have in stocks and bonds?” Last one. “Should we ditch  the annuity?” Need more info, but likely yes.

All right. Very good.

Okay. I guess we're on the same page.

Yeah, we're on the same page there.

Yep.

Yeah, you're doing fine. You're doing  great. you got great pensions.  I thought the question was going to be, do we get  married? Yeah. I thought that was coming.

Yeah.

With a couple hundred  thousand dollar pensions and then with $1,000,000 in retirement accounts.

It's looking sweet. Yeah.

This is the bonus round of Family Feud.

Well, no, it's just like, well, I don't  know if they get married from a tax perspective, we're getting a lot of those questions. We  get married because of tax, because that-

Well, you get married for love.

Yes. Thank you. Reverend Al.

You're welcome.

All right. We got Ricky Bobby from Charlotte,  North Carolina.  Shake and bake.  “Hey Joe and Al.

And I will never listen to it again.

This is the worst s**t  I've ever heard in my life.

Bleep.

Bleep.

Yeah, that's funny. Alright, now, what  did he say? “And I think I may be hooked.

Oh, that's different than what you thought.

Yes. “I wanted to send you my family  situation to get your thoughts on a little spitball.” Okay. “Currently, my wife and I are  both 33 years old, both work in tech consulting and make $310,000 combined, bonus puts us closer  to $330,000 or $350,000.  The problem is both of us really don't enjoy our jobs and we both  want to stop working in the field as soon as possible.  Whether that looks like switching  careers or finding a much less stressful job,

Yeah, me too.

But it gets a little trickier with kids  moving forward. “What would you suggest the plan of attack be? Stack up brokerage as high  as possible while we are in tech and fed up  and feed off of that account when we're done with  tech? Get the brokerage high enough for it to be sufficient and we take significantly lower  paying jobs that can pay for our day-to-day expenses and health care?  We both love to  be working part-time jobs and financially

Between the two of them.

They have, let's see, $600,000,

Yeah, call it $800,000.

$800,000? At 33 years old?  God bless you,  Ricky.  Man, you've got some savers in the group.

We sure do.

Okay, and he's saving $85,000 a year, so he's  like, alright, where should I put this $85,000?

Right.

So he's 33, wants to retire at 43, but does he want to retire at 43  and then just work part time jobs?

Yes.

Or is it, hey, I want to retire  right away and then work part time jobs?

I think, what I'm getting is that they  want to work, they want to stockpile a bunch of money. At 43, they want to either work  less or work part time or change careers. That's what I think he's saying.  I think,  yeah, building up the brokerage account, yeah, that's, that would be a good thing to do. I mean,  that's kind of true in all 3 of these scenarios.

I would fully fund the 401(k)  plans. Here's what I'm going to –

For sure, yeah.

Here's my suggestion. Both of you  fully fund the 401(k) plan. Anything after that then I'm doing Roth IRAs if I qualify. If  not, I'm gonna do the backdoor Roth IRA and then from there anything after that I'm gonna funnel  into the brokerage account. Yeah, under that $85,000. That's what I would do and then at age  43 you have $800,000  and say he's got 10 years.

Yep.

And let's say you get 7% over  that 10 years, hypothetically, and you save $85,000 a year. Right. You're  going to have roughly $2,700,000 at age 43.

And if you're spending $80,000 plus  a little more for kids, right?  You can-

That's $82,000 at 3%, but I bet you don't  even have to touch that. Both of you get a little part time kind of hobby work that's a lot less  stressful. But the trick is, can you make it another 10 years of saving $85,000 a year and  working in a job you hate?  10 years? Well, I don't know. I've done it 17.  Andi: Are  you saying you hate your job? Come on now. I was seeing if Alan was listening to me.

Back at ya.  How about that?

I've been doing this for the last 18 years, Al. But I keep coming back  because of that fat paycheck.

You know, for me it's  been 19 years of drudgery and-

Well,10 years, you can make it 10  years, Ricky Bobby, you've got this.

Now, if we read this wrong, if  they're wanting to retire sooner, they’ve got good savings. Get  as much as you can into savings, but then have jobs that at least pay for your  expenses. So you're not touching your principal.

Yeah. $800,000 will turn to $1,600,000, let's say, just do the rule of 72,  just double that money every 10 years.

Right. And live and make enough to live  off what you need. Right. That's it. And then let that keep growing and then when  you want to stop working all together, you'll probably have enough money to do it.

Yeah. So at age 53, you're going to  have a roughly, I don't know, $3,500,000, give or take. Yeah.  Then that probably given  inflation, you're still going to be a little bit short. You're cutting cold turkey at  33? You've already saved a ton. You can save a little bit more over the next couple of  years. I think you're going to be just fine.

I would keep grinding a while and  then, go part time, change careers, whatever, and make enough to cover your expenses.

Yeah, with kids though, it's always tough.

It is.  Yeah. I mean, do you think?

I would have left a long time ago  if I didn't- I got these little ones.

You have to get out of the house.

Yeah, love that.

Can you imagine that? And 24 hours a day?

They're expensive.

I know they are.

You want to spoil them? You want to  make sure they're taken care of? You want to, you know? So. That's it for us.  Hopefully you enjoyed the show. Bring your questions in. We'll answer  them. Is that it, Andi? Are we good?

Sure. Thanks for doing that.

You're welcome.  Thank you, Alan.

It was fun.

Thank you, Aaron.  Alright, we'll see you again next week. Show’s  called Your Money, Your Wealth®.

Those of you who watch us do  the YMYW Podcast on YouTube have been getting feisty in the comments lately,  especially in response to episode 513, so last week we made a video just to address your  questions and feedback - find it exclusively on our YouTube channel or just click the link in  the episode description to watch “Is a Market Correction Coming in 2025? YMYW Podcast Q&A  and Feedback.” Click or tap Ask Joe And Al