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Joe Anderson, CFP\xae & Alan Clopine, CPA discuss the importance of properly diversifying your 401(k) in episode 68 of the YMYW podcast. Plus, should you invest in real estate or index funds? How you can determine stock loss with a non-public company? Finally, 8 financial tasks you must do by year-end. Original publish date September 24, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

00:53 - \u201cWhy do I need to diversify my 401(k)?\u201d

03:57 - \u201cBonds are there to even out the ride, to even out the overall portfolio.\u201d

05:57 - \u201cWhen you take a long-term average of asset classes, more often than not emerging markets is either the top performing asset class.\u201d

11:05 - \u201cShould I invest in real estate or index funds?\u201d

15:35 - \u201cIf you are so inclined to do real estate, treat it as if it were a business, a company or another job because there\u2019s a lot to it. There are a lot of things that can go wrong.\u201d

21:32 - \u201cHow do you determine stock loss in a non-public company?\u201d

26:42 - \u201cWhen you have rental real estate and you sell that at a loss, that\u2019s considered business with a tenant and you can generally take an ordinary loss.\u201d

27:23 - \u201cWhat is the best way to transfer or refinance through a quit claim?\u201d

32:45 - \u201cIf you would like to go through a comprehensive retirement planning course, go to our website at purefinancial.com to learn about the course.

35:27 - \u201cRebalance your portfolio, and that could potentially create tax loss harvesting.\u201d