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Podcast 22: Mint’s Acquisition by Intuit and Roth IRA Conversions

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CEO and founder of Mint, Aaron Patzer, joins Consumerism Commentary again to discuss his company’s recent acquisition by Intuit and possible changes to personal finance software.

Also on today’s poscast, Tom Dziubek speaks with Bryan Olson from Charles Schwab about the new rules for Roth IRA conversion that will be in effect next year.

To listen, use the player above (Adobe Flash required), download the podcast here, subscribe to the podcast RSS feed, or use the iTunes link. Note: open links in a new window (Ctrl-click or Command-click) to avoid interrupting the podcast.

[00:00] Introduction from Flexo
[00:36] Interview with Aaron Patzer, CEO and founder of Mint, about their recent acquisition by Intuit
[01:29] Mint users’ reaction to news of the acquisition
[01:55] Aaron’s new role at Intuit
[04:56] The future of Quicken Online
[06:36] Interfacing with ING Direct
[08:27] Impact on Mint employees
[11:28] Aaron discusses spending the earnings
[14:12] Interview with Bryan Olson of Charles Schwab about 2010 Roth IRA conversion rule changes
[14:46] Roth IRAs vs. traditional IRAs
[15:29] The conversion rule changes
[16:20] Government incentives for these changes
[17:35] Who benefits from the changes and what should be considered
[21:22] People who benefit the least from a conversion
[22:56] Differences of impact between age brackets
[24:12] End

We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.

Updated December 14, 2017 and originally published September 20, 2009.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 4 comments… read them below or add one }

avatar 1 Anonymous

This was a good interview with Aaron Patzer and it was interesting to know the plans for Quicken online and how Mint will come to replace that software and continue to remain free. I couldn’t see how both pieces of software could remain in the same space, especially since Aaron is now going to have oversight for the personal finance suite of products. Thanks for more information. I updated my recent article, Intuit Buys Mint and Weekly Round Up with some of the information share in the interview.

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avatar 2 Anonymous

Jason, many thanks. BTW, I saw you talking about The Grocery Game in your article. I interviewed Teri Gault about haggling a few weeks back and the podcast should be running this weekend.

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avatar 3 Anonymous

Thanks for the heads up about your interview with Teri. We’ve had good success with the Grocery Game, so I felt like I could write a post about it to inform others. I look forward to listening to your interview.

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avatar 4 Missy Fernandez

Helpful analysis – I loved the specifics . Does anyone know where I would be able to find a fillable a form example to type on ?

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