What’s a QLAC (part 2)
April 30, 2016
A couple of weeks ago, Jim, Chris and Peter talked about QLACs (Qualified Longevity Annuity Contracts). This week Jim and Chris expand on that topic to discuss QLAC rules and restrictions and their limits and benefits. They also talk about what happens if you inherit a QLAC. This show discusses Qualified Longevity Annuity Contracts (QLAC) which are fixed insurance products. QLACs are offered for...
Listen NowSocial Security Spousal Benefits Are Not Going Away!
April 23, 2016
Social Security did make some changes that will go into effect at the end of April, but spousal benefits are not going away! The ability to file for your own benefit and suspend it so your spouse can then claim their spousal benefit is. Jim and Chris discuss this change and explain what’s really going on. They also discuss questions from listeners regarding backdoor Roth IRAs and whether...
Listen Now20 IRA Mistakes to Avoid
April 16, 2016
How much do you really know about IRAs? Jim and Chris discuss a Morningstar article that lists 20 IRA mistakes to avoid. They also talk about 457b accounts and answer a listener’s question involving Roth IRA disallowed contributions & earnings limits. http://media.blubrry.com/the_retirement_and_ira_show/s3.amazonaws.com/TheRetirementandIRAShow/RAIRA-Show-04-16-16.mp3 Podcast: Play in...
Listen NowSocial Security Widow’s Benefit
April 9, 2016
Jim Chris and Peter answer listener’s questions including: How can you best transition from receiving a Social Security widow’s benefit to one’s own retirement benefit? How do the new changes in Social Security affect survivor’s benefits? And what needs to be in place for an estate to take an income tax deduction for a substantial charitable gift left in a will?...
Listen NowWhat’s a QLAC?
April 2, 2016
Have you heard of a QLAC, Qualified Longevity Annuity Contract? Jim, Chris and Peter discuss what QLACs are, how they work and how they could benefit you. And, while Jim is at a dentist appointment, Chris and Peter answer some email questions from listeners. What kinds of Social Security claiming strategies are open to couples when there is a large age split between the spouses? What happens to...
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