Rank #1: Q&A: Preparing for Retirement and Roth Withdrawals
What would Jim and Chris do with their last few years of free cash flow to prepare for retirement?
Listen in as they answer that question for a Virginia listener as well as a question from a Montana listener about Roth withdrawal rules.
The post Q&A: Preparing for Retirement and Roth Withdrawals appeared first on The Retirement and IRA Show.
Mar 16 2019
Rank #2: Retirement Planning vs. Investing – EDU #1926
How is retirement planning different vs. investing or managing a portfolio? Jim and Chris discuss some of the complexities of retirement planning and share a bit of their approach to developing a comprehensive retirement plan.
Jul 17 2019
Rank #3: Missed 60-Day Rollover Deadline: EDU #1939
Oct 30 2019
Rank #4: Q&A: Retirement Readiness and Minimizing Taxes
Whether you’re 35 or 55 you’re probably thinking about your retirement readiness. Who hasn’t asked “Can I retire yet?” at some point? This week Jim and Chris answer that very question from a Minnesota listener.
Jo Madonna, an Enrolled Agent, also joins the guys again to answer more listener questions about minimizing taxes.
Mar 23 2019
Rank #5: Retirement Spending Strategy – EDU #1930
Jim and Chris address some constructive criticism from a long-time listener and take a detailed look at their “no-go, slow-go, go-go” retirement spending strategy. First they discuss their stance on mental decline with age and how that affects their planning methods. Then Jim and Chris turn to why they encourage people to spend more during their “go-go” years.
Aug 14 2019
Rank #6: Edu #1921: Bucketing with Annuities
Have you encountered an Advisor who recommended Bucketing with annuities predominantly? On this Edu episode, Jim and Chris respond, in-depth, to a listener looking for clarity on using annuities as their “buckets”.
The guys discuss reasons to be cautious and the steps you can take to ensure that you’re not just being sold a product package.
Jun 05 2019
Rank #7: Roth Conversion Taxes, SS Strategy, TSP G Fund: Q&A #1940
Jim and Chris answer questions regarding Roth Conversion taxes, strategies for filing for Social Security benefits, and the TSP G Fund.
14:32 An Iowa listener looks for clarification on how his Roth Conversion would be taxed.
25:55 Jim and Chris address a listener’s quandary on the best strategy for him to begin claiming Social Security benefits, taking into account minor child benefits and his wife’s future spousal benefit.
43:27 A multi-part question from a Virginian, covering Social Security benefits and the TSP G Fund.
1:04:55 Another Social Security strategy question from another Virginia listener.
The post Roth Conversion Taxes, SS Strategy, TSP G Fund: Q&A #1940 appeared first on The Retirement and IRA Show.
Oct 19 2019
Rank #8: Edu: Tax Optimized Spending with Bucketing
A question from a Texas listener inspires Jim and Chris to take a closer look at Tax Optimized Spending with the Bucketing Strategy.
The good news is that planning your spending from your Buckets may not be as complicated as you think! Chris shares a simple way of determining how much to spend from your “always taxable”, “maybe taxable”, and “never taxable” buckets.
May 01 2019
Rank #9: Edu: Basics of Backdoor Roth Contributions
May 29 2019
Rank #10: Q&A: Roth Conversion Strategies and Budgeting Taxes
This week Jim and Chris tackle a couple great listener questions. An Oregan listener asks about budgeting, and saving for, paying taxes in the “bucket” strategy for retirement. Another listener wonders if there is a benefit to converting a percentage of, as opposed to all of, a Roth IRA account.
The post Q&A: Roth Conversion Strategies and Budgeting Taxes appeared first on The Retirement and IRA Show.
Nov 17 2018
Rank #11: Edu #1924: Backdoor Roth Contributions and The 4% Rule
On this edition of the Retirement and IRA Show EDU, Jim discusses his thoughts about the AICPA Conference he recently attended. He and Chris discuss the 4% Rule, as well as Backdoor Roth Contributions.
The post Edu #1924: Backdoor Roth Contributions and The 4% Rule appeared first on The Retirement and IRA Show.
Jun 26 2019
Rank #12: Investing in Oil, Living on Basis, Filing Retroactively: Q&A #1941
Jim and Chris put a dent in their email stack this week, answering 5 questions. They share listener feedback on investing in oil and gas, address what “living on basis” means, and more.
4:30 A listener shares his experience with investing in oil and gas.
13:39 Follow-up from a Massachusetts listener on his ACA tax credit question addressed in a previous episode.
16:15 Jim expands on his comment about “living on basis”.
35:35 A Pennsylvanian wonders if her benefits check can be sent to a different bank account than was originally set up.
37:35 A Texas listener looks for some clarification on their Social Security options and filing retroactively.
The post Investing in Oil, Living on Basis, Filing Retroactively: Q&A #1941 appeared first on The Retirement and IRA Show.
Oct 26 2019
Rank #13: Q&A: Early Retirement Roth Conversions
If you retire early, is it wise to use the years before reaching full retirement age to do Roth Conversions at a lower tax rate?
Join Chris and Jo as they answer a multi-part question from a Washington listener about using early retirement years for Roth Conversions. They discuss important considerations, annual conversion targets, tax implications, and more.
May 04 2019
Rank #14: Edu: Naming a Trust as a Beneficiary
Do you have a trust named as a beneficiary, or are considering it?
Tune in to Jim and Chris as they cover the naming of a trust as a beneficiary on an IRA, including pros and cons and how to prevent common mistakes.
Jan 30 2019
Rank #15: Edu: Minimum Dignity Floor and Bucket Planning
What is the minimum dignity floor and how does it work with the bucketing strategy for retirement planning? What are the factors to consider when planning for your Minimum Dignity Floor and how to cover it?
A New Jersey listener’s question prompts Jim and Chris to delve into the details of both what they call the “minimum dignity floor” and bucketing. If you’re still trying to figure out the details of your retirement finances this is a great episode for you!
Mar 27 2019
Rank #16: Q&A: Roth 401k, POD Bank Account, HSA, Annuities
This week Jim and Chris answer a follow-up question on using a Roth IRA vs a Roth 401k. An Illinois listener wonders if HSA contributions are part the maximum compensation deferral limit. Another listener writes in about using a payable on death (POD) designation on a bank account in order to avoid it going into probate.
Jim and Chris also get a live caller from New Jersey with a question about annuities. (Apologies – there is some background noise that could not be removed.)
Jan 26 2019
Rank #17: How Retirement Planning is Different – EDU #1932
When you retire your life changes, so you need to look at your assets differently. In this “The Opposite Episode”, Jim and Chris explain how retirement planning is different than the financial planning you use to get to retirement.
Sep 04 2019
Rank #18: Q&A: Living Trust as Beneficiary and Bucketing
Join the guys as they answer questions from listeners in Indiana and Michigan on using a Revocable Living Trust as a beneficiary. Jim and Chris also respond to two more listener questions on the “bucket” approach to retirement savings.
Feb 02 2019
Rank #19: Edu: Options for Your 401k After Leaving Your Job
There have been many changes to the job market over the last several decades, including the high probability that you will change employers multiple times. This means you are likely to ask the question, “What options do I have for my 401k after I leave my job?”. Jim and Chris take an in-depth look at 6 options for your 401k after leaving your job, and what to consider when deciding which option is best for you.
May 22 2019