Social Security, Roth Conversions, Taxes, Mortgages, and IRA Rollovers: Q&A #2118

May 1, 2021

Social Security, Roth Conversions, Taxes, Mortgages, and IRA Rollovers: Q&A #2118

Jim and Chris sit down to discuss listeners questions relating to Social Security, Roth conversions, taxes, paying off mortgages, and IRA rollovers.

(5:00) A Kentucky listener looks for clarification on the taxation of retroactive Social Security benefits.

(11:00) George asks for advice on deciding when to claim Social Security.

(22:00) A listener asks about how to convert money from a 457(b) plan into a Roth IRA.

(31:45) A listener wonders about the different tax consequences relating to taking money out of a 401(k) and IRA.

(42:30) George from Utah lays out his current investing philosophy and asks for an opinion on paying off a mortgage vs. investing that money.

(55:15) A Maryland listener asks about an IRA rollover and the related withdrawals of post-tax and pre-tax monies.

 

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