Required Minimum Distributions
October 17, 2015
When you turn 70 1/2, you need to take required minimum distributions (RMDs) from your retirement accounts, but different retirement accounts have different rules. Jim, Chris and Peter review the RMD rules for IRAs versus employer plans like 401(k), 457, 403(b), etc. They also give a warning about possible 403(b) RMD issues involving TIAA-Cref accounts. In addition, Peter addresses an email...
Listen NowElder Law, Estate and Retirement Planning Q&A
October 10, 2015
Jim, Chris and Peter are joined again by Jan Lord, an attorney focusing on elder law, to answer listeners’ questions regarding elder law, estate planning and retirement planning. This week, listeners ask questions including: “What does it cost to set up basic estate planning documents like a will and Powers of Attorney?”, and “How do Social Security survivor benefits...
Listen NowElder Law
October 3, 2015
Jim, Chris and Peter have a special guest for this show; Jan Lord, Esq., an attorney who specializes in elder law. Topics discussed include: how to cover rehabilitation expenses after you’ve exhausted Medicare benefits, Medicaid long term care vs. health care coverage, Medicaid income and asset limits, and Medicaid risks for 401(k)s, IRAs and other types of retirement account assets....
Listen NowSocial Security Trivia
September 26, 2015
Are you a Social Security know-it-all or could you use a little work? Chris and Peter (Jim is out of town) ask listeners a number of basic Social Security questions that were originally generated by MassMutual to see how well people really understand this topic. Chris and Peter also answer listeners’ questions regarding the differences between 401(k)s and Roth 401(k)s, and whether or not...
Listen NowA Reduction In Social Security Benefits?
September 19, 2015
Believe it or not, if you were born in 1947 you missed out on a Social Security Cost of Living Adjustment (COLA) that could have increased your Social Security benefit by over 5%. Jim, Chris and Peter discuss how this COLA glitch works. They also talk about the lax regulations controlling who can be a financial advisor or planner, bring up an email from a listener in Belarus and give a reminder...
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