Chris and Paul sit down to answer listeners questions regarding IRAs, HSAs, QCDs, taxes, and rolling forward passive losses.

(3:30) George asks about being able to take an IRA distribution and rolling it into an HSA.

(22:00) Georgette wonders if she can delay taking her first RMD to benefit from the timing of her current qualified charitable distributions (QCDs).

(43:30) George looks for thoughts on contributing pre-tax in his employer plans in an attempt to allow for normal Roth IRA contributions.

(55:45) A listener asks about being able to use a deceased husbands passive losses to offset potential future appreciation.

The post IRAs, HSAs, QCDs, Taxes, and Rolling Passive Losses: Q&A #2420 appeared first on The Retirement and IRA Show.

Jim and Chris continue their walk through of their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number.

The post Our Retirement Planning Process and Philosophy Part 4: EDU #2420 appeared first on The Retirement and IRA Show.

Jim and Chris discuss listener questions relating to Social Security, survivorship benefits, Roth IRAs, Trusts, HSA conversions, and MDF.

(5:45) George looks for clarification on the Social Security survivorship benefits.

(11:15) A listener asks about how much their Social Security benefit will be reduced by not working up to full retirement age.

(19:45) George tries to get clarity on the 5-year rules associated with Roth IRAs.

(31:45) A listener asks about the thinking behind opening two different Trusts for inheriting retirement assets.

(36:30) A listener wonders about the rules associated with converting qualified retirement assets into a health savings account (HSA).

(45:15) Georgette asks for clarity on covering the minimum dignity floor (MDF) in a joint and survivorship scenario.

(57:15) A listener provides some clarification on FSAs and HSA accounts as well as the custodian responsibility for both.

The post Social Security, Roth IRAs, Trusts, HSA Conversions, and MDF: Q&A #2419 appeared first on The Retirement and IRA Show.

Jim and Chris continue their walk through of their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number.

The post Our Retirement Planning Process and Philosophy Part 3: EDU #2419 appeared first on The Retirement and IRA Show.

Jim and Chris sit down to discuss listener questions relating to cognitive decline, minimum dignity floor (MDF), taxes, inflation, and fun spending.

(7:15) Jim and Chris begin by discussing several listener emails regarding cognitive decline in retirement and items to be aware of.

Link to New York Times podcast on cognitive decline: CLICK HERE

(26:00) A listener provides her input on the taxes associated with the Minimum Dignity Floor (MDF).

(37:10) A listener looks for thoughts on claiming Social Security, pension income and building inflation adjustments into the MDF.

(57:00) A listener gives their input on dollars invested for MDF and Fun Spending that might not be needed for 10+ years.

The post Cognitive Decline, MDF, Taxes, Inflation, and Fun Spending: Q&A #2418 appeared first on The Retirement and IRA Show.

Jim and Chris continue their walk through of their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number.

The post Our Retirement Planning Process and Philosophy Part 2: EDU #2418 appeared first on The Retirement and IRA Show.

Chris sits down to discuss listener questions relating to Social Security, survivor benefits, spousal benefits, and COLAs.

(3:45) Georgette looks for clarification on collecting a Social Security survivor benefit.

(20:45) A listener wonders if she can qualify for child-in-care spousal benefits as an adoptive parent.

(27:30) A listener asks how they calculate the maximum possible Social Security benefit in future years (3-6 years down the line).

(35:30) A listener wonders why her kids were able to claim a Social Security benefit based on her husbands benefit amount versus his PIA.

(41:15) A listener asks why Chris uses a Social Security COLA of 2% while looking at the historical average for COLAs.

The post Social Security, Survivor/Spousal Benefits, and COLAs: Q&A #2417 appeared first on The Retirement and IRA Show.

Jim and Chris continue their walk through of their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number.

The post Our Retirement Planning Process and Philosophy Part 1: EDU #2417 appeared first on The Retirement and IRA Show.

Chris and Paul sit down to discuss listener questions relating to capital gains, IRMAA, Roth conversions, and basis.

(4:10) Chris and Paul chat about an IRS notice.

(10:00) A listener asks about the sale of a house and the possible capital gains exclusions allowed for single/married people.

(17:45) George wonders if IRMAA avoidance and a large Roth conversion can be undone.

(36:30) George looks for clarification on if he can specify his future IRA distributions to prioritize taking from the after-tax basis portion or not.

(49:00) A listener explains their own personal projections and looks for thoughts on Roth conversions/tax planning in retirement ahead of RMD age.

The post Capital Gains, IRMAA, Roth Conversions, and Basis: Q&A #2416 appeared first on The Retirement and IRA Show.

This is the introductory show of a series Jim and Chris are calling ”Revealing the Secure Retirement Income Process”.  On the next several shows they will walk you through their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number.

The post Our Retirement Planning Process and Philosophy Intro: EDU #2416 appeared first on The Retirement and IRA Show.

Jim and Chris sit down to discuss listener questions relating to Social Security, IRMAA, wash sales, and annuity alternatives.

(17:30) George wonders if his Social Security benefit will be affected due to his earnings in Canada.

(25:45) George wonders if he can let the SSA know about discontinuing Roth conversions to avoid the associated IRMAA surcharges.

(34:15) A listener asks about the timing behind claiming a Social Security survivor benefit.

(43:00) A listener looks for thoughts on exchanging bond funds within a brokerage account with regard to the wash sale rule.

(45:00) A listener reaches out to Jim and Chris with a Harvard study that they often reference on their show indicating a person’s ability to understand financial concepts begins diminishing at age 53.

Associated Video: https://www.youtube.com/watch?v=IzohbdGQEaI | Associated Book Summary: http://lewismandell.com/

(55:00) George looks for any applicable alternatives to annuities.

The post Social Security, IRMAA, Wash Sales, and Annuity Alternatives: Q&A #2415 appeared first on The Retirement and IRA Show.