Tax-Related Answers about IRMAA & Roth Conversions: EDU #2023
June 10, 2020
Bob joins Chris today in this tax-related EDU show: they answer some tax questions about IRMAA and a Roth conversion. (2:00) IRMAA and submitting a life-changing event form (24:45) The timing of MAGI limits in IRMAA (38:33) What happens if you under-pay taxes this year due to a Roth conversion in early 2020?...
Listen NowA Social Security Question and 5 CARES Act Questions: Q&A #2023
June 6, 2020
Jim and Chris answer a Social Security question and 5 CARES Act/COVID related questions. (11:00) A listener would like to know where he can obtain his estimated retirement benefit information from the Social Security Administration if the website is no longer providing him this information. (19:00) A listener from Kentucky has some questions about CARES Act IRA withdrawal and repayment...
Listen NowJim & Chris’s Retirement Planning Approach and Process Part 6: EDU #2022
June 3, 2020
As an addition to their 5-Part series on their retirement planning approach and process, Jim and Chris discuss some listeners’ questions about how taxes fit into their philosophy and approach. https://media.blubrry.com/the_retirement_and_ira_show/s3.amazonaws.com/TheRetirementandIRAShow/RAIRA-Show-EDU-Y20E22.mp3 Podcast: Play in new window | Download (Duration: 48:13 — 22.1MB)...
Listen NowOut-of-Country Citizenship, A Clarification on IRMAA, & A Roth Conversion Error: Q&A #2022
May 30, 2020
Jim and Chris cover a range of varied topics today: they revisit a past question, discuss a citizenship inquiry, clarify an IRMAA statement, and discuss a Roth conversion error. (4:15) Jim and Chris revisit a question answered in a previous podcast episode about child-in-care spousal benefits. (10:10) A listener who lives in Spain has some questions about Social Security benefits if she were to...
Listen NowUnexpected Windfalls: EDU #2021
May 27, 2020
Jim and Chris discuss a topic brought to us by a listener’s question: what are some strategies one should consider when faced with expected windfalls such as suddenly inheriting a large sum of money? *Note: Near the end of the episode, Jim and Chris failed to mention that there’s a 10% early withdrawal penalty if you withdraw from an annuity while younger than age 59 1/2. Please...
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