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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

Feb 23, 2023

Today we’re going to open up the mailbag to answer your financial questions and we’ll be covering some great income, tax and investing topics. We hope this episode provides some great information that you can take and implement into your financial plan to help you build wealth and retire with confidence. 


Here’s more of what you’ll learn on this episode:  

  • Should I start converting as much as my IRA to a Roth IRA (4:24)
  • The two main factors you need to consider before doing a Roth conversion.  (7:09)
  • Here’s what we’d recommend when deciding on a Roth conversion.  (12:54)
  • Which rental property option is better? Cash out investments and pay cash, take out a home equity loan, or just have a mortgage on the property? (15:18)
  • The pros and cons of each option for buying the property. (20:08)
  • How should you use the money from an inheritance? Here are the usual priorities we run through. (27:49)


Want to get in touch?



Phone: 847-235-6989