IRAs, Taxes and Other Questions
March 11, 2017
For the first hour, Jim, Chris and Peter Scott answer questions related to Estate Planning: How do you deal with the tax paperwork if you have a Traditional IRA and a Roth IRA in a sub-trust where you are a trustee and a beneficiary? Also, would it be wise to buy a widowed parent’s house and have the parent finance the loan as a way to financially help the parent and get a tax writeoff on...
Listen NowSocial Security Spousal Benefits and Other Questions
March 4, 2017
How exactly do Social Security Spousal Benefits work if your lower earning spouse has filed for their SS benefit and you haven’t filed for yours yet? Jim and Chris answer this question and others from listeners: When a Qualified Charitable Distribution (QCD) is taken, does the pro rata rule apply? If you’re downsizing in retirement, is it better to pay for a new home outright or take...
Listen NowHow to Fix Errors on a 1099R Form
February 25, 2017
Jim and Chris answer listeners’ emails and finally got an email question from West Virginia! The WV listener wanted to know if Jim and Chris think it’s possible that the government will end the tax free benefits of the Roth IRA. Another listener wanted to know Jim’s and Chris’s thoughts on using a Qualified Charitable Distribution to remove basis from an IRA. A third...
Listen NowIRA Concerns and Questions
February 18, 2017
During the first half of the show, Jim and Chris answer questions from listeners regarding IRAs. If you convert from a traditional IRA to a Roth IRA, when do the 5 year rules apply? Should you be concerned with market timing when you convert to a Roth IRA? And, if you contributed to a Roth IRA last year and now your tax software is saying you contributed too much, what’s the best way to...
Listen NowTax Question and What To Do With RMDs
February 11, 2017
Jim, Chris and Justin Fundalinski answer a question from a listener who received a Schedule K-1 form after a deceased relative’s estate was already settled and wasn’t sure how to proceed. They also answered a question from a listener in New Jersey. This listener has a high income and over $2 million in IRA assets and wanted to know if Jim and Chris have any suggestions to reduce his...
Listen Now
