Q&A: Rule of 55, PIA, Roth Conversion
December 15, 2018
Jim and Chris field some interesting questions this week about the 401k Rule of 55, Social Security, and using 60-day Rollovers for Roth Conversions. The guys answer a listener question on whether transferring a 401k to a new employer will affect the Rule of 55. A California listener wonders how claiming Social Security is affected if the primary earner is younger than their spouse. Another...
Listen NowQ&A: Roth Conversion, MAGI, and Calculated Earnings Errors
December 8, 2018
The November 21st Edu podcast about using a 60-day Rollover on a Roth Conversion elicited a lot of listener questions. Jim and Chris spend time answering those plus a question from a Florida listener on calculating MAGI to determine if a retiree will have have to pay the Medicare Premium Surcharge. Chris also answers a Georgia listeners question about what to do if you feel that the Social...
Listen NowEdu: Getting More Time for a Roth Conversion
November 21, 2018
With recent changes to tax laws, it may be beneficial to get more time to do a Roth Conversion. An unfortunate byproduct of the 2018 tax law change is the inability to do a Roth Recharacterization. This means that a Roth Conversion is final and you must pay all taxes due. However, it can be difficult to know what your tax situation is, in December, when you need to decide on your conversion...
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