Will the Presidential Election Affect the Stock Market? Live Q&A

Tonight we'll begin by discussing whether the presidential election will affect the economy and stock market. Then we'll turn to your questions.

Timestamps

0:00 - Welcome to the Financial Freedom Show!
0:33 - Poll/Should I Do More Interviews
1:27 - Join the Newsletter/Announcements
4:37 - Will the Presidential Election Affect the Stock Market?
10:48 - Taxes/Affordable Care Act
12:25 - MTUM
17:01 - Non Roth money to pay taxes
22:44 - SIPC
26:51 - Dollar cost averaging with robo-advisors
27:40 - Moving out of 401K
29:24 - Tracking dividends and interest
33:49 - Could what happened at Yotta happen at Raisin?
42:35 - RMDs and IRMAA
45:52 - 6-3 SCOTUS
49:21 - The 5-Year Roth Rule
55:33 - Move from large cap stocks to Russell 2000
1:00:05 - VDEQX to to VTI
1:03:31 - Saving in tax advantage accounts
1:07:10 - Hiring a financial advisor
1:07:43 - Funds to keep in a Roth account
1:11:15 - Value/Small cap value
1:12:53 - Yieldmax funds
1:17:21 - Reduce retirement savings
1:21:28 - Moving 401K to an IRA
1:23:32 - FSKAX
1:26:35 - Tax efficiency/LLC/Income and expenses
1:29:34 - Chess problem quick!
1:39:31 - VCIT
1:44:02 - Announcements
1:44:29 - Financial Freedom

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

LET'S CONNECT

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.

[everlastingarms]

54:00 Roth earnings may be taxable after 59 1/2 if they're taken out before 5 years from your first Roth, however, once one is 59 1/2, regardless of anything else, there is no 10% penalty. The 10% penalty only applies before 59 1/2 (and other contingencies).

[MSL-sh]

Thank you for all the advice you give on financial freedom. I can’t thank you enough for the information you provide in your videos

[joelcorley]

@12:08 you said that the MAGI for ACA Premium Tax Credit doesn't show up on your tax return. That's not true. It shows up on Form 8962, Line 2a. You calculate the MAGI by completing Worksheet 1-1 found in the Instructions for Form 8962 on page 6.

Form 8962 is where you calculate your ACA Premium Tax Credit.

[lg]

Rob, I agree with you about staying in the market regardless of who wins the election. Warren Buffett feels the same way. I have been staying the course since 1977.

[danoberste]

A wise man* once said "Economists will predict how, or when, but never both"

*he looked a lot like Rob

[pware]

Besides ideas on guests you interview, how about certain topics you could delve into more also ! Like : given the dismal performance of bond funds like BND over the last 10 years, could replacing bonds in a portfolio with Buffer ETF's provide downside protection like bonds but outperform on the upside also?

[averageguy]

Your content is smart and down to earth.

[jimgrant]

Rob - in regard to the issue about moving IRA money to a Roth or not:

I feel you have over complicated the matter.

Whether a person retains the money in the IRA or moves it to a Roth, the investments will grow to the same amount, either way after taxes (all other things being equal). So, the issue is not an investment issue,

The issue is whether a person's tax rate will be higher or lower in the future.

You, of course, will say it is impossible for anybody to know for sure, because there are so many factors that will affect future tax rates.

That's right. But I submit, by not making an assumption about the future, a person is effectively saying, the tax rates in the future will just be the same as they are now.

As a specific case, a person needs to take in consideration, whether a conversion of some money from an IRA to a Roth now, immediately bumps him/her up into a higher tax bracket.

Bottom Line: a person needs to get a piece of paper, a pencil and a calculator and run some numbers based on future forecast of his/her tax rates.

One-size-fits-all qualitative conclusion to this matter doesn't work well for some non-trivial portion of your viewers.

[everlastingarms]

7:00 "If it's a split govt, nothing much will get done."

That's exactly how I like it. Leave it alone & stop mucking things up. Stay out of the way.

[andrewfuchs]

Derek Tharp as a guest (holistic risk-based guardrails)

[janethunt]

Thanks! I'm looking forward to watching your demo with NR. Please include playing around with Roth conversions. And I wonder if they assume you pay taxes from the IRA or a regular account.

[amyjohnson]

Ordered subscription to New Retirement, and I'm loving it. Thanks for the recommendation!

[Gary-ibdz]

Rob, as you look into interviews, can you update the interview playlist? I'm pretty sure it's missing some people.

[VimmerbyJim]

I’d like to hear from some tax experts

[brianirle]

You should interview Mr Money Mustache

[NoLegalPlunder]

Government and debt seem to grow massively under every administration. They better figure out how to cut spending before we get buried under an avalanche of debt.

[peardisplay]

Is plan vision a good service u still recomend.