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Joe Anderson, CFP\xae & Alan Clopine, CPA discuss some\xa0last-minute tax planning tips before year-end in episode 67 of the YMYW podcast. They also answer\xa0frequently asked financial questions, including whether you can roll your solo 401(k) to a simple 401(k). Original publish date September 24, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

04:35 - \u201cOne of the most critical elements is checking your emergency funds.\u201d

07:55 - \u201cTake your retirement budget for a test drive and adjust your spending plan.\u201d

16:15 - \u201cCan I convert my Individual 401(k) to a SIMPLE 401(k)?\u201d

17:50 - \u201cWe like solo 401(k)s a little bit better, because if you\u2019re not making a lot of money you can put a lot more money into it if you want to shelter that.\u201d

22:02 - \u201cYou have to do [Roth] conversions before December 31st\u2026you can convert any dollar amount you want to.\u201d

24:29 - \u201cShould I be concerned about the Department of Labor scare?\u201d

29:11 - \u201cIn some cases, the financial industry, banking industry or maybe insurance companies might feel a bit of a hit because they\u2019d have to do things differently but I think over the long term this is good for people and the industry\u2026 in fact, this should have been done a long time ago.\u201d

30:02 - \u201cWhere should I invest my inherited money?\u201d

35:03 - \u201cYou just have to figure out what your goal is and that will help you figure out how to invest it.\u201d