The Retirement and IRA Show

Jim and Chris continue their discussion of “seesaw assets” and leveraging a long-term care insurance policy to increase your Aging/LTC reserve.

The post Our Retirement Planning Process and Philosophy Part 9: EDU #2433 appeared first on The Retirement and IRA Show.

Jim and Chris discuss listeners questions relating to Social Security, Roth conversions, taxes, CRTs, beneficiaries, and MYGAs.

(2:45) A Texan listener looks for clarification on a Social Security spousal benefit for someone not living in the US, marrying someone who is not a US resident.

(10:15) George from Massachusetts asks about converting after-tax dollars and the taxes on Roth conversions.

(23:45) George from Pennsylvania mentions the possibility of using a Charitable Remainder Trust (CRT) as a beneficiary for an IRA.

(29:15) George in California provides some input on making sure to select an attorney with specific knowledge when constructing Trusts, legal documents, etc.

(48:30) A listener in Massachusetts wonders about a multi-year guaranteed annuity (MYGA) within an IRA and how distributions are treated with regard to RMDs.

The post Social Security, Roth Conversions, Taxes, CRTs, Beneficiaries, and MYGAs: Q&A #2403 appeared first on The Retirement and IRA Show.

Jim and Chris sit down to answers listeners questions regarding Social Security, 403(b)’s, 60-day rollovers, and annuities.

(5:00) George from California asks about how Social Security accounts for post-age 62 working credits.

(12:15) A listener looks for clarification on a potential “miss for Social Security applying to folks born in 1960-1962.

(19:30) George wonders why Jim and Chris have suggested rolling funds out of a 403b at retirement.

(34:00) Californian George looks for clarification on the rules surrounding 60-day rollovers.

(47:45) A listener asks if they can still use a 60-day rollover to return excess back into an IRA if they’re retired and have no earned income.

(49:45) A listener asks for advice and comparison of a QLAC and a SPDIA.

The post Social Security, 403(b)’s, 60-Day Rollovers, and Annuities: EDU #2252 appeared first on The Retirement and IRA Show.

Jim and Chris discuss listener questions relating to Social Security, IRMAA, Roth conversions, SPIAs, and QCDs.

(8:45) George from Virginia provides some additional clarification on a Social Security question discussed on the last EDU show #2341.

(21:30) A listener from New Jersey wonders if the proceeds from a home sale will push him into IRMAA and if there is a toll he can use for looking into potential Roth conversion benefits.

(50:00) A Pennsylvanian listener follows up on a SPIA question from a previous show and looks for clarification on the answer from Jim and Chris.

(1:03:15) The same listener from above asks if distributions from an annuity held in a Qualified account which are directed by an insurance company to a charity can be treated as QCDs on his tax return.

(1:10:30) A listeners asks about the ideal time to purchase an annuity for their future selves given cognitive decline concerns.

The post Social Security, IRMAA, Roth Conversions, SPIAs, and QCDs: Q&A #2341 appeared first on The Retirement and IRA Show.

Jim and Chris finalize their discussion on the Secure Act 2.0 and provide guidance on the various updates/interpretations currently available.

The post Secure Act 2.0 Updates and Clarification Part 4: EDU #2321 appeared first on The Retirement and IRA Show.