Retirement Margin Loans: Is Buy, Borrow, Die Worth the Risk?

🔵 Schedule a free assessment with an experienced financial professional: https://bit.ly/YMYWassessYT 🔵 Free Financial Resources in This Episode: https://bit.ly/ymyw-589 (full show notes & episode transcript) 🔵 Withdrawal Strategy Guide - free download: https://purefinancial.com/white-paper... 🔵 WATCH:    • Retirement Sabotage! 12 Post-Retirement Mo...   🔵 Calculate your Financial Blueprint (free, self-guided): https://bit.ly/YMYWblueprintYT 🔵 Ask Joe & Big Al: https://bit.ly/YMYWaskYT 🔵 DOWNLOAD more free guides: https://bit.ly/YMYWguidesYT 🔵 READ financial blogs: https://bit.ly/YMYWblogYT 🔵 SUBSCRIBE to the YMYW Newsletter: https://bit.ly/YMYWnewsletterYT 🔵 Subscribe on YouTube: http://bit.ly/YMYW-YT 🔵 Follow the YMYW podcast: https://lnk.to/ymyw The margin loan debate continues today on Your Money, Your Wealth® podcast number 589. Jack and Jill recently moved from the UAE to Australia and want a sanity check on using margin loans (AKA pledge loans) to build and live off their portfolio. Joe and Big Al spitball whether borrowing against stocks and never paying tax on the gains, the Buy Borrow Die strategy, is smart, or a fast way to blow yourself up. They also recap the spicy comments on the ep 585 margin loan discussion. Then the fellas flip the script for Forest and Jenni in Virginia: does a reverse glide path, investing conservatively now and getting more aggressive as you age, actually hold up? And finally, Jack and Diane in New Jersey are retiring this year, selling the house, and moving to Florida, so Joe and Big Al stress-test their Roth conversion plan before they pull the trigger. We're making fun of finance over here on YMYW, the financial planning podcast that won't put you to sleep. Tell a friend. 00:00 - Intro: This Week on the YMYW Podcast 01:53 - Margin Loans, Buy-Borrow-Die, and PFIC Risk: Sanity Check (Jack & Jill, Australia) 13:11 - Why I Love Margin: NYC Tax Math (Bones1999, YouTube) 14:29 - 8% Margin Loans to Buy Stocks: Bad Math! (Tom, YouTube) 19:39 - Reverse Glide Path at Retirement: Does Starting Conservative Make Sense for Us? (Forest & Jenni, VA) 35:43 - Retiring to Florida: SEP IRA Bridge, Home Sale Timing, and Roth Conversions (Jack & Diane, NJ) 43:18 - Outro: Next Week on the YMYW Podcast IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification. AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period. #retirementplanning #buyborrowdie #marginloan