Episode 164: Managing Bar Mitzvah Money, Are Backdoor Roth IRAs Immoral, Professionals That Are The Worst At Managing Money

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management, this week as he discusses a variety of timely investing and financial planning topics, including:

1. Talking points: What Should My Son Do with His Bar Mitzvah Money?

2. This week’s quote is from F. Scott Fitzgerald on how it is never too late.

3. Any financial strategies you would recommend with the commie Mayor of New York who never held a real job in his life?

4. Is a backdoor Roth IRA immoral because you have too much money to contribute to a Roth IRA due to the regular income phaseouts?

5. Which professionals are the worst at managing their money?

6. Can ChatGPT solve most of my financial questions? Be honest. It seems like it can solve most questions.

7. I want to rebalance my taxable account, but given the large gains it will cause a meaningful taxable event. On the other hand, if I don’t rebalance, my portfolio will become much more heavily weighted in stocks which will make it riskier. What do you suggest I do?

8. Timely & Actionable Idea: Setup a sensible investment program leading up to retirement.

***Upcoming Live SPRING Webinar: On THURSDAY, JUNE 18th @ 8:30am featuring Jonathan I. Shenkman, AIF®, President & CIO, ParkBridge Wealth Management based in New York. Jonathan will be discussing Mid-Year Money Check-In: The 2026 Trends That Are Impacting Your Wealth.” SIGN UP HERE: https://us02web.zoom.us/webinar/register/WN_aF6uLMEfRUGjJeCQad2c8g***

***My FIRST book: D is for Diversification: The ABCs of Personal Finance available on Amazon or at www.JonathanOnMoney.com***

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