The Retirement and IRA Show
What do you get when you combine two knowledgeable CFP® PROFESSIONALS (one also a well-informed COLLEGE FINANCE INSTRUCTOR)? If you mix in relevant financial information and a healthy dose of humor you get the Retirement and IRA Radio Show! JIM SAULNIER, a CERTIFIED FINANCIAL PLANNER™ Professional with Jim Saulnier and Associates who specializes in retirement planning for clients across the country, CHRIS STEIN, a Finance Instructor at Colorado State University who is also a CERTIFIED FINANCIAL PLANNER™ Professional, offer real-world knowledge on a diverse range of topics including Social Security planning, investing for your retirement, the fundamentals of 401(k) and IRA a...
Wed, April 30, 2025
Transition Period Strategy Part 3 – A Case Study: EDU #2518
Chris’s Summary: Jim and I are joined once again by Jacob for the third and final part of our series on transition period strategy. This time, we focus on the practical side of asset positioning: how near-retirees can begin structuring spending reserves without overreacting to short-term volatility. We use an example case study to explain how to segment early retirement needs into time-based chunks, identify dollars that require principal protection, and distinguish between your Minimum Dignity Floor and Fun Number spending. Jim’s “Pithy” Summary: Chris, Jacob, and I finish up our series on positioning assets during what we call the Venn diagram years or transition period. That’s that murky overlap between accumulation and decumulation, where you’re not retired yet, but you’re gearing up to live off your savings. This week, we dig into a listener’s question—he’s five years out from retirement and feeling nervous about market drops. He doesn’t know when or how to start making changes. So, we build a hypothetical case to show what this might actually look like on paper. I walk through how to start allocating dollars across time without trying to do everything at once (because that’s how people freeze up or make bad calls). Jacob jumps in to explain why we don’t just ladder investments, we build what we call a liquidity timeline—an approach that gives you structure and flexibility. I dig into recency bias, the emotional hang-ups that stop people from spending even when they can—and should. We talk through which dollars need principal protection, which don’t, and why timing matters. And then I get into buffered strategies, laterals, the illusion of statement dollars, and, of course, my ongoing beef with growth-focused asset managers who don’t understand the first thing about distribution planning. The post Transition Period Strategy Part 3 – A Case Study: EDU #2518 appeared first on The Retirement and IRA Show .
Sat, April 26, 2025
Social Security Benefits, IRMAA, and QCD Timing: Q&A #2517
Jim and Chris discuss listener questions relating to Social Security spousal benefits, IRMAA relief, suspending Social Security for tax planning, and QCD timing with RMDs. (3:00) A listener enquires whether her 85-year-old mother, who recently remarried, must remain on her ex-spouse’s record for one year before switching to spousal benefits on her new husband’s record. (12:15) The guys address what happens if you file form SSA-44 for IRMAA relief but end up in a higher income tier than estimated. (23:30) George asks to revisit a previous question about if suspending Social Security could allow for more Roth conversions and tax savings. (34:30) Jim and Chris respond to a listener who challenges whether QCDs must be taken before RMDs. Show Notes: QCD Timing Article by Lord Abbet The post Social Security Benefits, IRMAA, and QCD Timing: Q&A #2517 appeared first on The Retirement and IRA Show .
Wed, April 23, 2025
Transition Period Strategy Part 2 – Positioning and Repositioning: EDU #2517
Chris’s Summary: Jim and I are again joined by Jacob as we continue exploring transition period strategy—the years just before retirement when you’re not yet withdrawing but want to prepare. We cover how near-retirees can manage emotional reactions to volatility while positioning assets to support early retirement spending. For those using our Minimum Dignity Floor and Fun Number approach, we walk through how to identify which dollars need protection and where a degree of principal protection fits. Jim’s “Pithy” Summary: Chris, Jacob, and I pick up where we left off last week—diving even deeper into what we call the “Venn diagram” years. That’s the messy overlap between accumulating assets and using them, when you’re still working but close enough to retirement that your portfolio better start shaping up for showtime. This is where a solid transition period strategy can make all the difference. We dig into the emotional side of repositioning, including why I think “locking in a loss” is more of a mental roadblock than a financial catastrophe, and why trying to time your way back to some magical high-water mark is a recipe for regret. I take a bit of a detour into prospect theory, sequence of return risk, and what I jokingly call the 11th Commandment (spoiler: it’s not “thou shalt not sell unless at an all-time high”). Chris breaks down how DIYers can map out future spending in those first critical retirement years, Jacob walks through investment timelines and buffered strategies, and I try not to spill coffee on my laptop mid-rant. Show Notes: As promised here is the photo of the foot space on Jim’s flight. According to our helpful listener, the space shown in the red box between the aisle and middle seats belongs to the middle seat passenger. This is because the middle seat loses space to the window seat due to the fuselage curve, and regains it on the aisle side. The aisle seat has slightly less space overall but can extend into the aisle if needed. <img fetchpriority="high" decoding="async" class="alignnone wp-image-5068" src="https://www.theretirementandirashow.com/wp-content/uploads/2025/04/footspace1-scaled.jpg" alt="" width="519" height="390" srcset="https://www.theretirementandirashow.com/wp-content/uploads/2025/04/footspace1-scaled.jpg 2560w, https://www.theretirementandirashow.com/wp-content/uploads/2025/04/footspace1-300x225.jpg 300w, https://www.ther
Sat, April 19, 2025
Tax Planning, Minus-One Method, Inherited Roth RMDs, and Early Social Security: Q&A #2516
Jim and Chris discuss listener questions relating to tax planning at full retirement age, the minus-one method for RMDs, inherited Roth RMDs, and early Social Security. (9:10) A listener jokes about the state trivia and offers a suggestion for Chris’s benefit. (11:10) Another listener shares a PSA about delays in online Social Security applications and recommends visiting a local office. (20:15) Georgette asks whether delaying her husband’s Social Security filing would be beneficial for Roth conversions. (39:30) Jim and Chris address whether the minus-one method for RMDs was paused during the IRS’s waiver period. (59:20) The guys answer if inherited Roth IRAs are ever subject to RMDs other than the 10-year deadline. (1:14:15) George questions whether there are ever good reasons to take Social Security early. Show Notes: the Slott Report The post Tax Planning, Minus-One Method, Inherited Roth RMDs, and Early Social Security: Q&A #2516 appeared first on The Retirement and IRA Show .
Wed, April 16, 2025
Transition Period Strategy Part 1 – Asset Positioning: EDU #2516
Chris’s Summary: Jim and I are joined by Jake and Jacob to discuss listener emails related to asset positioning for retirement and the transition period leading up to it. We break down how we think about asset allocation across account types, what a liquidity account is and why we use it, and how we handle year-end tax planning. It’s all part of how and why our Secure Retirement Income Process focuses on spending needs, not just portfolio performance. Jim’s “Pithy” Summary: Chris and I are joined this week by Jake and Jacob for the first in what will likely be a multi-part series—because if you’ve listened to us long enough, you know we don’t exactly breeze through these things. This all started with two listener emails that were clearly related: one asked how to position assets across different types of accounts—Roth, IRA, brokerage, and so on—while the other came from someone in what we call the “transition period,” not quite accumulating anymore but not yet distributing either. We figured it was a perfect opportunity to dig in. So, we walk through our approach to asset management, why we don’t believe in being dogmatic with account assignments, and how we use the Fun Number and Minimum Dignity Floor as anchors when planning for retirement spending—and why trying to map out every distribution years in advance is a fool’s errand. Instead, we focus on creating a flexible structure that can adapt as life throws curveballs. I share why I’m a fan of the liquidity account concept, Jake dives into how we handle tactical tax planning each fall, and Jacob brings his Jello-themed wisdom to the world of asset positioning. Chris keeps us on track (mostly), but yes, there’s a brief derailment involving a questionable turn of phrase on my part—and now Jake and Jacob have recorded evidence of me offering them raises. The post Transition Period Strategy Part 1 – Asset Positioning: EDU #2516 appeared first on The Retirement and IRA Show .
Sat, April 12, 2025
Social Security, RMD age, Tax Planning, and Inherited Roth IRAs: Q&A #2515
Jim and Chris discuss listener questions relating to Social Security, origins of the RMD age, the tax planning window, and RMDs from Inherited Roth IRAs. (11:00) Georgette asks how to qualify for child-in-care survivor benefits if her ex-husband, who has been missing for seven years, is legally declared deceased. (23:00) A listener wonders when to file for her Social Security benefit to ensure no reduction in the first payment. (32:00) The guys share a listener’s PSA about why the IRS originally chose age 70½ as the starting point for RMDs. (46:30) A listener questions whether the tax planning window should actually end at age 63 due to potential IRMAA impacts. (59:45) George is puzzled by an Ed Slott newsletter discussing RMDs from Inherited Roth IRAs. The post Social Security, RMD age, Tax Planning, and Inherited Roth IRAs: Q&A #2515 appeared first on The Retirement and IRA Show .
Wed, April 09, 2025
Defining Unicorn Status in Retirement: EDU #2515
Chris’s Summary: Jim and I are joined again by Jacob as we discuss listener emails about “unicorn” status—our term for retirees whose Minimum Dignity Floor and Fun Number are both covered by secure income. We clarify what qualifies as secure income and explore whether a very low withdrawal rate from a conservative portfolio might serve as a substitute. We also touch on when rental income might count and how longevity risk influences planning. Jim’s “Pithy” Summary: This week’s EDU is a dialog episode—where we take listener emails and use them as a jumping-off point to talk through the philosophy behind our approach. Chris and I are joined again by Jacob for a discussion on what it really means to be a “unicorn,” our nickname for retirees whose Minimum Dignity Floor and Fun Number are fully covered by secure income sources. We get into why secure income isn’t just about predictability, but also about risk pooling, inflation, and longevity. One listener asks whether having an ultra-low withdrawal rate from a conservative portfolio might be good enough—and we talk through that with real-world examples, including a client case Jacob and I worked on. I also go off on a bit of a tangent (as I do) about SPIAs, mortality credits, and why I’m setting up a donor-advised fund that’ll stick around long after I’m gone. If you’ve ever wondered whether it’s worth striving for unicorn status—or how to think through portfolio-based income—this is one of those conversations that gets to the heart of how and why we plan the way we do. Plus, you get to hear me throw a few curveballs at Chris and Jacob, which is always fun. The post Defining Unicorn Status in Retirement: EDU #2515 appeared first on The Retirement and IRA Show .
Sat, April 05, 2025
Social Security, Roth Conversion Tax Strategy, and Identity Theft PSA: Q&A #2514
This week’s is a bit of a non-traditional Q&A episode where Jim and Chris address two listener questions on Social Security but then move into Public Service Announcement mode. For the first PSA they discuss a listener email about a potential state-level Roth conversion tax saving strategy. Then, to wrap up the episode, Jim shares a continuation of the payday loan saga from last week. Jim and Chris are also joined by Jacob Vonloh from the office (who you have heard Jim mention many times), who shares a scam he recently encountered himself. (13:00) George asks about child-in-care and spousal benefits tied to a disability claim and whether benefits increase if the higher earner delays until age 70. (28:15) A listener wonders whether it might make sense to claim Social Security now rather than delay to age 70, given the additional spousal benefit that would be triggered. (40:45) A listener PSA highlights how state-level exemptions may influence Roth conversion strategies. (49:00) Jim provides a follow-up PSA about his recent payday loan fraud experience. Show Notes According to Norton you can help protect yourself by requesting your annual consumer reports and security freezes with the agencies below: Teletrack: https://www.corelogic.com/support/credco-consumer-assistance/x FactorTrust: www.transunion.com/client-support/factortrust-consumer-inquiry Microbilt/PRBC: www.microbilt.com/us/consumer-affairs Clarity Services: https://consumers.clarityservices.com/securityFreeze The post Social Security, Roth Conversion Tax Strategy, and Identity Theft PSA: Q&A #2514 appeared first on The Retirement and IRA Show .
Wed, April 02, 2025
Weathering Market Downturns: EDU #2514
Chris’s Description Jim and I talk about how market downturns—like the one we’re seeing now—can cause people to second-guess their plans, even when they’re well prepared. We walk through how our Secure Retirement Income Process is designed to provide structure and clarity during volatile times, and explain how proper positioning can help you maintain perspective. Jim’s “Pithy” Description Chris and I are back this week with a timely conversation—because if you’ve looked at the headlines lately, you’d think the sky is falling. “Boomers in Trouble,” “Retirement Fears,” you name it. Meanwhile, the S&P is down about eight and a half percent from its recent high, and you’d think it was 2008 all over again. I get it. Even folks with millions in savings start to feel uneasy when their statements show a dip. Especially if you’re newly retired and that paycheck just stopped coming. So we took a step back and talked through why I built the Secure Retirement Income Process and the See Through Portfolio in the first place. It’s not about chasing returns—it’s about helping you see your money clearly. Which dollars are for next year? Which ones are for twenty years from now? That clarity matters. Especially when fear starts knocking. And yes, I go on a bit of a rant (a productive one!) about how headlines prey on emotions, how panic can sabotage your go-go years, and how, if you’re not careful, you’ll rob yourself of the very fun you saved all those years to enjoy. I even share a new addition to my own bucket list—a historical tour through Italy, inspired by my latest deep dive into Roman history. You think I’m putting that off because the market’s down eight percent? Not a chance! The post Weathering Market Downturns: EDU #2514 appeared first on The Retirement and IRA Show .
Sat, March 29, 2025
Identity Theft, Spousal Benefits, RMD Taxes, IRA Withdrawals, and 401(k) Contribution Limits: Q&A #2513
Jim and Chris discuss listener questions relating to spousal Social Security benefits, RMD tax withholding, IRA withdrawals, and 401(k) contribution limits. Jim also shares a PSA about a recent attempt at identity theft. (20:15) Jim shares a PSA about a fraudulent payday loan application attempted in his name and what he learned about credit freezes and loan monitoring. (30:15) George asks whether his wife will be subject to the earnings test if she retires mid-year and starts claiming Social Security benefits in the same year. (39:15) George asks whether tax withheld from his RMD can satisfy IRS requirements for avoiding quarterly estimated taxes. (47:30) A listener wonders whether taking cash from two small IRAs will result in capital gains taxes. (1:03:00) Jim and Chris weigh in on a question about the total 401(k) contribution limit for those over age 50. The post Identity Theft, Spousal Benefits, RMD Taxes, IRA Withdrawals, and 401(k) Contribution Limits: Q&A #2513 appeared first on The Retirement and IRA Show .
Wed, March 26, 2025
Roth 5-Year Rules and the Tax Planning Window: EDU #2513
Chris’s Summary Jim and I continue our review of interesting and sometimes confusing retirement planning facts, mostly drawn from Jim’s recent Ed Slott conference. We focus on the two Roth five-year rules and how they apply to Roth IRAs versus Roth 401(k)s. I explain the key distinctions between tax-free earnings and penalty-free access. Jim goes further into how “seasoning” from a Roth 401(k) carries over to a Roth IRA. We also touch on pro rata distribution rules in Roth 401(k)s, the IRS’s strict interpretation of the age 55 exemption, and the unique planning window between 59½ and RMD age. Jim’s “Pithy” Summary Chris and I continue our “things that make you go hmm” EDU series with more head-scratchers, funny moments, and some planning tips you’ll definitely want to remember. I came back from the recent Ed Slott conference with a pile of notes, and we dig into the most confusing—and most commonly misunderstood—rules surrounding Roth accounts: the dreaded five-year rules. I walk through both of them, explain how they apply to Roth IRAs and Roth 401(k)s, and we talk about the critical difference between tax-free and penalty-free withdrawals. Then we hit what I think is the big “ah-ha!” moment—the idea of “seasoning” Roth 401(k) dollars. Whether you picture that as a cast iron skillet like Chris or a cracked pepper roast like me, the point is: once a Roth 401(k) is fully seasoned, it keeps its flavor—even after being moved into a Roth IRA. We also touch on a Roth 401(k) rule that surprises many people: how distributions are treated when they’re not qualified. Spoiler—it’s not like a Roth IRA! Plus, we go over a tax court case involving a guy who thought he was exempt from the 10% early withdrawal penalty and got hit with taxes, penalties, and interest anyway. It’s a cautionary tale, and the court’s response had us both shaking our heads. Finally, we wrap up with some strategic talk about what Ed calls the “donut hole,” which matches what we refer to in the office as the tax planning window—that sweet spot between age 59½ and your RMD age when there are no penalties, no withdrawal restrictions, and total flexibility in how you tap your retirement accounts. If you’re doing any kind of serious tax or retirement planning, understanding this window is critical. Oh—and yes, there are plenty of food metaphors in this one, because I was hungry the whole show. Hope you enjoy! The post Roth 5-Year Rules and the Tax Planning Window: EDU #2513 appeared first on The Retirement and IRA Show .
Sat, March 22, 2025
Social Security Benefits, Roth Conversions, and Annuities: Q&A #2512
Jim and Chris discuss listener questions relating to Social Security strategies, spousal benefits, Roth conversions, and annuities. (8:15) George asks whether a widow who was widowed before age 60 has two Social Security claiming strategies available based on the FRA benefit of each spouse. (20:30) The guys address a question about how spousal benefits are calculated when one spouse took Social Security early and the other has a PERA pension. (29:30) Georgette wonders how she and her husband should approach Roth conversions given their $4 million in IRAs, her larger balance, and concerns about future RMDs and legacy planning. (1:03:30) Jim and Chris provide guidance on whether to use current or future spending when purchasing a SPIA to cover base expenses and how laddering might play a role. The post Social Security Benefits, Roth Conversions, and Annuities: Q&A #2512 appeared first on The Retirement and IRA Show .
Wed, March 19, 2025
Things That Make You Go Hmm – RMD Rules, IRA Mistakes, and Tax Court Surprises: EDU #2512
Chris’s Summary: This week’s EDU show is a throwback to an old favorite—things that make you go “hmm.” Jim brought back a list of oddities from the latest Ed Slott training, covering everything from RMD rules the IRS only recently addressed to real-world court cases involving bankruptcy, lottery tickets, and IRA self-dealing gone wrong. Turns out, there are plenty of IRA mistakes you can make—some more ridiculous than others. Jim’s “Pithy” Summary: It’s another round of “things that make you go hmm,” straight from my latest trip to Ed Slott’s two-day training. These are the kinds of cases and quirks that catch my attention—some because they’re important, some because they’re just bizarre, and some because they make you wonder why no one’s brought them up before. Ever wonder what happens if your IRA balance drops so low that you can’t take your full required minimum distribution? Turns out, the IRS finally put something in writing—but it took them long enough to address it. Then there were some real-world case studies that left me shaking my head. One involved an all-or-nothing gamble with an IRA that didn’t go as planned. Another showed how trying to get too creative with IRA-owned real estate can backfire in a big way. And here’s one you probably haven’t thought about—doing an in-plan Roth conversion in your 401(k) might have unintended consequences that could close the door on a major tax strategy. We’ll also talk about a handy tool for checking state estate and inheritance taxes—because where you live (or where you move) could have a bigger impact than you think. Hope you enjoy the mix of useful, surprising, and “you’ve got to be kidding me” moments! The post Things That Make You Go Hmm – RMD Rules, IRA Mistakes, and Tax Court Surprises: EDU #2512 appeared first on The Retirement and IRA Show .
Sat, March 15, 2025
Social Security records, GPO, QCD Timing, Annuity Costs, and Excess IRA Contributions: Q&A #2511
Jim and Chris answer listener questions on Social Security records, GPO, QCD timing, annuity costs, and excess IRA contributions. (10:30) Georgette asks about fixing gaps in her Social Security record. (19:30) The guys discuss how a listener’s spousal Social Security benefits work after the repeal of GPO. (28:30) George seeks clarification on the timing of QCDs and RMDs. (53:30) Jim and Chris answer a query about the administrative costs of annuities. (1:04:15) George faces challenges with excess IRA contributions and MAGI limits. The post Social Security records, GPO, QCD Timing, Annuity Costs, and Excess IRA Contributions: Q&A #2511 appeared first on The Retirement and IRA Show .
Wed, March 12, 2025
IRA Rules Quiz: EDU #2511
Chris’s Summary: Jim’s back from his conference and Jake joined the show again this week as we tackled the latest Ed Slott quiz. Unlike last time, Jim didn’t give us the book to reference—so Jake and I were going in cold. Jim also decided to test ChatGPT by giving it the entire quiz and the manual. With all that information, the AI was still imperfect. While seeing if we could outscore both the AI and each other, we covered Inherited IRA RMD rules, SECURE Act 2.0, self-certification for disability, Roth 401(k) rules, and spousal consent for IRA beneficiaries. Jim’s “Pithy” Summary: It’s time for another Ed Slott IRA quiz, and this time, I decided to put both AI and my co-hosts to the test. Before the show, I handed the entire quiz—along with the Ed Slott manual—to ChatGPT to see if it could finally outscore us mere humans. Turns out, even with all that information, AI still flunked five questions. So, while the robots might be getting smarter, they’ve still got a long way to go before they can challenge a real retirement planner. Chris and Jake joined me as we tackled some tricky questions on Inherited IRA RMDs, Roth 401(k) surprises, SECURE Act curveballs, and even some quirky beneficiary rules. To make things more interesting, I made sure they had no book, no notes—just their wits. And, of course, I had the pleasure of revealing exactly where the AI got it wrong (which, let’s be honest, was just as fun as answering the questions). Along the way, we covered why certain Inherited IRA RMD rules have changed, how Roth 401(k)s can still trip people up, and why SECURE Act provisions aren’t always as straightforward as they seem. Plus, we had some fun debating the bizarre quirks of beneficiary designations—because apparently, even the IRS likes to keep us guessing. Think you can outscore AI? Maybe even outscore Chris and Jake? Play along and see how you do! The post IRA Rules Quiz: EDU #2511 appeared first on The Retirement and IRA Show .
Sat, March 08, 2025
Qualified Dividends, Gifting Strategies, Roth Conversions, and Trust Taxation: Q&A #2510
Jim and Chris are joined by Paul Neiffer, CPA to answer listener questions on qualified dividends, gifting strategies, Roth conversions, and trust taxation. (09:00) George wonders if frequent rebalancing in his taxable brokerage account is causing more of his dividends to be classified as unqualified. (21:30) A listener asks for guidance on which accounts to withdraw from when planning a large financial gift to an adult son. (37:15) The guys offer their perspective on doing Roth conversions early in retirement in order to reduce RMDs, and thus taxes, later in retirement. (59:30) Georgette seeks clarity on revocable trust taxation, IRA beneficiary designations for minors, and whether a trust should be named as the beneficiary of a Roth or brokerage account. The post Qualified Dividends, Gifting Strategies, Roth Conversions, and Trust Taxation: Q&A #2510 appeared first on The Retirement and IRA Show .
Wed, March 05, 2025
Setting the Record Straight on Clickbait vs Reality: EDU #2510
Chris’s Summary: Jim is at yet another industry conference, so Jake is stepping in to join me this week. We pick up where Jim and I left off last time, discussing misleading financial articles. This time, we take a critical look at an article from Moneywise that claims to lay out the “standard” order for withdrawing retirement funds—but seems more focused on promoting paid links than providing useful advice. We break down why a one-size-fits-all withdrawal strategy doesn’t work, how tax planning should drive these decisions, and why you should always approach articles like this with skepticism. Jim’s “Pithy” Summary (Even Though He’s Not in This One): Well, I wasn’t on this episode because—surprise, surprise—I was off at an industry conference (again!), this time hunting for the next great fintech tool to help our office and clients. I’m always looking for ways to improve the advice we give, the services we offer, and maybe—just maybe—find a tool that doesn’t require me to beg Chris to teach me how to use it! Meanwhile, Chris and Jake tackled yet another clickbait financial article, this time from Moneywise , which attempted to pass off a barely disguised ad as solid financial advice. Now, I haven’t listened to the episode yet, but I can already feel my blood pressure rising. Articles like this—pretending to provide helpful guidance while actually steering unsuspecting retirees toward whatever paid service they’re shilling that day—really get me going! From what I gather, Chris probably got straight to the point, and Jake—being the level-headed guy he is—kept things grounded with solid explanations. They covered why tax planning should drive your withdrawal strategy, how blindly following a set order can lead to higher taxes, and why taxable accounts might be more valuable later in retirement than these so-called experts admit. And I’m sure they took a few well-earned jabs at the deceptive ways financial content is being turned into a giant ad machine. I’ll be back next week, but in the meantime, Chris and Jake are more than capable of keeping things straight—though, let’s be honest, the episode is probably missing at least one good rant from me, plus a few mispronounced words, incorrect names, and deep rabbit holes that make Chris sigh in exasperation! The post Setting the Record Straight on Clickbait vs Reality: EDU #2510 appeared first on The Retirement and IRA Show .
Sat, March 01, 2025
Social Security, 529 Plans, Fun Vision, and Annuities: Q&A #2509
Jim and Chris sit down to discuss listener questions relating to Social Security, 529 plans, Fun Vision, and Annuities. (Intro – 12:00) Chris provides a Social Security PSA. (19:00) A listener wonders whether her husbands Social Security benefits have been getting a COLA since his passing or if they’ve been frozen. (26:00) A listener wonders if missed payment history from the 1980’s can be corrected and included when calculating their Social Security benefit. (36:15) A listener asks about other alternative investment options for his 529 plans depending on the future of his daughters education needs. (50:45) A listener wonders what the difference is between Fun Vision and the Fun Number. (1:03:30) George looks for advice on taking his 401(k) as an annuity versus a SPIA down the line. The post Social Security, 529 Plans, Fun Vision, and Annuities: Q&A #2509 appeared first on The Retirement and IRA Show .
Wed, February 26, 2025
False Facts and Real Consequences: EDU #2509
Chris’s Concise Summary: Jim and Chris examine a recent Suze Orman article on inherited IRA rules, identifying key errors that could mislead readers. They clarify the nuances of the 10-year rule, explain how the required beginning date determines whether annual RMDs are necessary and why Roth IRAs don’t have required minimum distributions. The guys also emphasize the importance of verifying financial information before making decisions. A note to listeners: Regular listeners know that Jim is always looking for ways to improve. The podcast is no exception, so some changes are coming in the EDU episode descriptions! In this space, between the usual basic summary (now called Chris’s Summary ) and the new, more detailed, Jim’s Summary, you’ll soon find links to related articles, documents, and other resources that Jim and Chris believe may be useful or interesting to listeners. Jim’s “Pithy” Summary : The guys take a critical look at a recent Suze Orman article discussing inherited IRA rule changes for 2025, identifying inaccuracies that could mislead readers navigating these complex rules. One key issue they highlight is the claim that all inherited IRAs, including Roth IRAs, require annual RMDs under the 10-year rule. Jim and Chris explain why this is incorrect and clarify that the rules depend on whether the original account owner had reached their required beginning date before passing away. They break down how the “at least as rapidly” (ALAR) rule applies to inherited accounts when RMDs were already in progress, ensuring listeners understand the distinctions that many articles fail to address. The conversation also dives into Roth IRAs, reinforcing that they do not have required minimum distributions during the original owner’s lifetime, which means beneficiaries are not required to take annual distributions. Instead, most non-spouse Roth IRA beneficiaries can allow the funds to grow tax-free and withdraw the full balance in the 10th year. Chris and Jim stress that financial publications often oversimplify these rules, leading to confusion and potential missteps for individuals managing inherited accounts. In addition to dissecting the article’s errors, the guys discuss broader issues with financial media, including the need for thorough fact-checking and the risks of relying on clickbait-style headlines for retirement planning guidance. They express concerns that many widely shared articles fail to provide the necessary nuance, which could result in readers making uninformed decisions. Beyond the technical discussion, Jim and Chris also touch on upcoming podcast plans, including a potential follow-up episode coverin
Sat, February 22, 2025
Social Security Benefits, RMD Taxes, IRMAA, and Social Security Taxation: Q&A #2508
While Jim is attending a conference, Chris is joined by Jake to discuss listener questions relating to Social Security benefits, RMD taxes, IRMAA, and taxability considerations for claiming Social Security. (5:00) Georgette asks whether her survivor benefit will be reduced since her husband passed away at age 71. (13:30) The guys address whether claiming early on a work record reduces a spousal benefit or if the child-in-care provision prevents the reduction. (22:15) An email comment corrects a hint given on a previous episode regarding NFL team names. (26:30) A listener questions whether Chris overlooked the Qualifying Widower status in a previous Q&A episode answer. (35:00) Chris and Jake respond to a listener asking whether taxes on a December RMD must be paid immediately or with the next estimated payment. (44:30) George, who pays IRMAA due to a large Roth conversion, wonders if there’s a way to avoid it without qualifying under the listed exceptions on the SSA-44 form. (53:45) A listener considers whether changes in Social Security taxation at the state and federal levels should influence their decision on when to start benefits. The post Social Security Benefits, RMD Taxes, IRMAA, and Social Security Taxation: Q&A #2508 appeared first on The Retirement and IRA Show .
Wed, February 19, 2025
Our Retirement Planning Philosophy and Approach, Condensed Version: EDU #2508
Chris flies solo for this long promised, very special, EDU episode where he describes our retirement planning philosophy and approach in just 30 minutes. The post Our Retirement Planning Philosophy and Approach, Condensed Version: EDU #2508 appeared first on The Retirement and IRA Show .
Sat, February 15, 2025
Social Security, IRMAA, IRA Distributions, Roth Contributions, Catch-up Contributions, and Inherited IRA RMDs: Q&A #2507
Jim and Chris discuss listener questions relating to Social Security benefits, IRMAA, IRA distributions, Roth contributions, catch-up contributions, and inherited IRA RMDs. (6:30) George asks how inflation adjustments apply when a reduced Social Security benefit converts to a spousal benefit. (13:45) The guys address whether the end of non-qualified deferred compensation qualifies as a life-changing event for IRMAA purposes. (22:00) Jim and Chris discuss whether taking IRA distributions in a lump sum or spreading them out over time is the better approach for someone retiring at 63. (35:45) A listener explores the idea of making an intentional excess Roth contribution then reevaluating their options before the extended tax filing deadline. (54:45) The guys clarify the defined contribution limit and how catch-up contributions affect the total amount allowed. (58:00) Jim and Chris answer whether RMDs on a recently inherited IRA must begin in 2025 or if the clock starts in 2026. The post Social Security, IRMAA, IRA Distributions, Roth Contributions, Catch-up Contributions, and Inherited IRA RMDs: Q&A #2507 appeared first on The Retirement and IRA Show .
Wed, February 12, 2025
A Smart Approach to Retirement: EDU #2507
In this EDU episode Jim and Chris review and discuss an article sent in by a listener after their critique of the safe withdrawal rate approach to retirement. Some of the points made in the article should sound familiar to listeners… Nobel laureates William F. Sharpe and Robert C. Merton argue that traditional retirement withdrawal strategies, like the 4% rule, fail to adequately balance investment risk with income certainty. The laureates highlight the inefficiencies of relying on volatile investment portfolios to fund fixed expenses, proposing instead that retirees match investments to specific future expenditures through strategies like Sharpe’s “lock-box” method or Merton’s tiered income approach. Ultimately, they advocate for securing a base level of guaranteed income, embracing flexible spending, and recognizing that higher returns always come with higher risk. Show Notes: How do Nobel Laureates Approach Retirement ? The post A Smart Approach to Retirement: EDU #2507 appeared first on The Retirement and IRA Show .
Sat, February 08, 2025
Survivor Benefits, Social Security Disability, and Donor Advised Funds: Q&A #2506
Jim and Chris discuss listener questions relating to Survivor Benefits, Social Security Disability Insurance, and Donor Advised Funds. Before diving into listener questions, Jim shares insights from his recent trip to an industry conference, where he investigated financial planning software options that might align with their Secure Retirement Income Process and Fun Number . The guys also discuss the challenges of retirement projections and why existing tools often fall short. (29:00) The guys address a question about whether someone can claim six months of retroactive Social Security benefits before switching to a survivor benefit if their spouse passes away. (42:30) A listener wonders if their mother-in-law may have permanently reduced her Social Security benefit after being advised to file while waiting for SSDI approval. (53:30) George asks if his children can establish their own Donor Advised Fund (DAF) to receive Qualified Charitable Donations (QCDs) from his IRA after his death, avoiding federal income tax. The post Survivor Benefits, Social Security Disability, and Donor Advised Funds: Q&A #2506 appeared first on The Retirement and IRA Show .
Wed, February 05, 2025
A Discussion on Simplified Retirement Planning: EDU #2506
While Jim is at a conference, Jake joins Chris to discuss a listener’s simplified retirement planning approach. They examine their straightforward strategy, focusing on key points like living within your means, how finances often simplify in the mid-70s after covering the Minimum Dignity Floor , and the impact of passing the delay period for larger withdrawals. They also consider potential risks, such as inflation and interest rates, in this type of allocation. The post A Discussion on Simplified Retirement Planning: EDU #2506 appeared first on The Retirement and IRA Show .
Sat, February 01, 2025
Social Security, QLACs, and ETFs: Q&A #2505
Jim and Chris discuss listener questions relating to Social Security, QLACs, TIPS ETFs, and buffered ETFs. (9:00) A listener who worked in Australia in the late 1980s asks how the U.S.-Australia Totalization Agreement might affect their Social Security benefits. Jim and Chris discuss whether their earnings record can be adjusted and what steps to take. (16:00) The guys respond to a listener with a sizable public pension who is considering claiming Social Security at 62 and investing the funds. They analyze the strategy and explain why delaying benefits is often the better choice for protecting the Minimum Dignity Floor . (47:30) Jim and Chris address a question about QLACs and IRA valuations: Should the end-of-year fair market value of a QLAC inside an IRA be included when calculating the total IRA balance for pro-rata basis conversion purposes? (58:15) George asks about TIPS ETFs—if phantom income from inflation adjustments isn’t reinvested, does that diminish or eliminate inflation protection? (1:07:30) A listener nearing retirement lays out their funding strategy for a 5.5-year delay period and beyond. Jim and Chris share their thoughts on the approach and the role of buffered ETFs. Show Notes: Article discussed in Question 2 The post Social Security, QLACs, and ETFs: Q&A #2505 appeared first on The Retirement and IRA Show .
Wed, January 29, 2025
Safe Withdrawal Rate: EDU #2505
Jim, Chris, and Jake share their thoughts on a recent Morningstar study that lowers the industry-standard safe withdrawal rate to 3.7%. They review a MarketWatch article discussing the study, highlighting points of agreement and disagreement. Throughout the conversation, they explore their approach to retirement planning, including the Minimum Dignity Floor , See-Through Portfolio , and Fun Number concepts, comparing these to the safe withdrawal rate and Monte Carlo methods for determining retirement spending. Show Notes: Read in MarketWatch Watch the video from Morningstar The post Safe Withdrawal Rate: EDU #2505 appeared first on The Retirement and IRA Show .
Sat, January 25, 2025
Medicare Enrollment, Social Security, and Estate Taxes: Q&A #2504
Jim and Chris discuss listener questions relating to Medicare enrollment, Social Security benefits, and estate taxes. (6:00) George asks about Medicare’s special enrollment period and the impact of large Roth conversions on IRMAA thresholds after retirement. (18:30) A listener wonders about the impact of the Social Security (Un)Fairness Act on spousal and survivor benefits eligibility. (23:00) The guys weigh in on a question about eligibility for survivor benefits after delaying Social Security to age 70. (28:30) Jim and Chris address concerns about strategies to mitigate estate taxes, including the use of Qualified Charitable Distributions (QCDs) and trusts. The post Medicare Enrollment, Social Security, and Estate Taxes: Q&A #2504 appeared first on The Retirement and IRA Show .
Wed, January 22, 2025
Charitable Remainder Trusts Part 2: EDU #2504
Jim, Chris, and guest Paul Neiffer, CPA, continue their discussion on Charitable Remainder Trusts. They also answer listener questions related to CRTs, CRATs and CRUTs. The post Charitable Remainder Trusts Part 2: EDU #2504 appeared first on The Retirement and IRA Show .
Sat, January 18, 2025
Contributions, Social Security, 415 Limits, and Beneficiaries: Q&A #2503
Jim, Chris, and Jake sit down to discuss listener questions relating to contributions, Social Security, 415 limits, and beneficiaries. PSA: Chris and Jake review several questions from this weeks EDU show relating to 415 limits, new age 60-63 “super” catch-up contributions effective under SECURE 2.0. (10:30) A listener looks for clarification on his wife’s spousal Social Security benefit. (13:30) George provides some additional thoughts surrounding 415 limits and maxing out 401k contributions. (23:00) PSA to clarify the question from last week’s Q&A Show regarding a person who inherited an IRA directly from his mom as a primary beneficiary, and a different IRA from his mother as a successor beneficiary. They dive deeper into the difference between a primary and successor beneficiary when inheriting an IRA. (51:45) Georgette looks for some additional information on Social Security issues surrounding widowhood. (1:01:00) A listener wonders what happens when the market is closed on a day that someone passes away and how to value the security on that given day when it’s inherited. The post Contributions, Social Security, 415 Limits, and Beneficiaries: Q&A #2503 appeared first on The Retirement and IRA Show .
Wed, January 15, 2025
“Super-Catchup” Retirement Plan Contributions: EDU #2503
Chris and Jake discuss the new “Super-Catchup” retirement plan contributions , explaining who qualifies and how they work. The post “Super-Catchup” Retirement Plan Contributions: EDU #2503 appeared first on The Retirement and IRA Show .
Sat, January 11, 2025
Social Security, Inherited Roth IRAs, Inherited IRA RMDs, and Roth Withdrawals: Q&A #2502
Jim and Chris sit down to discuss Social Security, inherited Roth IRAs, an inherited IRA RMD case, and reporting Roth withdrawals. (12:45) The guys answer a question about earning enough Social Security credits while working overseas and how this impacts Medicare eligibility and spousal benefits. (22:45) Georgette asks whether taking a Child-in-Care benefit now will allow her to switch to a higher survivor benefit later. (33:00) A listener wonders if a trust can preserve the tax-free growth of an inherited Roth IRA beyond the 10-year withdrawal rule. (46:15) Jim and Chris talk about a very confusing inherited IRA RMD case they are working on. (1:12:00) George seeks advice on reporting Roth IRA withdrawals after a Roth conversion and dealing with AGI changes when filing taxes. The post Social Security, Inherited Roth IRAs, Inherited IRA RMDs, and Roth Withdrawals: Q&A #2502 appeared first on The Retirement and IRA Show .
Wed, January 08, 2025
Retirement Planning Dialogue: EDU #2502
In this EDU dialogue show, Jim and Chris are joined by Jake to explore listener questions about Social Security, income annuities, strategies for deploying dollars in retirement, and other Retirement Planning related topics. Mentioned JP Morgan Article The post Retirement Planning Dialogue: EDU #2502 appeared first on The Retirement and IRA Show .
Sat, January 04, 2025
Spousal Benefits, IRMAA, Step-Up Basis, Family Maximums, Beneficiaries, and Inheritances: Q&A #2501
Jim and Chris discuss listener questions relating to Social Security spousal benefits, IRMAA planning, step-up in basis rules, family maximums, IRA beneficiaries, and factoring inheritances into retirement planning. (12:00) George asks how his wife’s spousal Social Security benefit will be calculated, specifically regarding COLA increases to his PIA and his delayed filing at age 70. (20:30) A listener inquires about minimizing IRMAA surcharges following Roth conversions by using form SSA-44 to waive the surcharge for consecutive years. (31:15) In a PSA, Jim and Chris clarify a mistake from a previous episode regarding the IRS definition of fair market value (FMV) for determining the stepped-up basis of inherited stocks. (38:15) A listener seeks clarification on Social Security family maximum benefits and how spousal and child benefits are calculated when the family’s total benefits change over time. (43:00) George asks for advice on naming IRA beneficiaries, including per stirpes designations, contingent options, and considerations for blended families and remarriages. (1:08:30) The guys discuss how to factor potential inheritances into retirement planning, particularly when the timeline and asset usage remain uncertain. The post Spousal Benefits, IRMAA, Step-Up Basis, Family Maximums, Beneficiaries, and Inheritances: Q&A #2501 appeared first on The Retirement and IRA Show .
Wed, January 01, 2025
Developing Confidence With Retirement Spending: EDU #2501
Jim and Chris, once again joined by Jake, a fellow planner at Jim Saulnier & Associates, discuss a recent Wall Street Journal article about why retirees often hesitate to spend in retirement. The guys share some tips to build retirement spending confidence. The post Developing Confidence With Retirement Spending: EDU #2501 appeared first on The Retirement and IRA Show .
Sat, December 28, 2024
Social Security Benefits, IRMAA, RMDs, Annuities, and Beneficiaries: Q&A #2452
Jim and Chris discuss listener and forum questions relating to Social Security benefits, IRMAA, RMDs, annuities, and beneficiaries. Chris kicked off the episode with a bold dare, promising listeners the “best show of the year” since it’s the last one for 2024. Jim took the challenge seriously, turning it into a record-breaking two-hour extravaganza with seven questions. (Hopefully Chris has learned his lesson!) (10:45) The guys address a Social Security question on a financial services forum Jim follows. (22:30) A listener follows up on a prior episode to ask about spousal and child-in-care benefits when Social Security’s family maximum is already reached. (35:45) A listener provides a PSA about successfully using form SSA-44 multiple times to reduce IRMAA. (40:30) George asks for clarification on whether the end-of-year IRA balance for RMDs is based on the market value at the opening or closing of December 31st. (45:15) A forum post prompts a discussion about how a lifetime income benefit from an IRA annuity is valued when converting to a Roth IRA. (Correction: Jim incorrectly described the process for valuing a publicly traded security for “step-up in basis” purposes. The correct method is to average the high and low on the date of death, not the open and close.) (1:03:00) Jim and Chris address a post-SECURE Act forum question: Are RMDs required in 2024 from an inherited IRA if distributions were already taken in prior years? (1:14:45) The final forum question explores whether naming a contingent beneficiary on an IRA is necessary if the primary beneficiary is a trust. The post Social Security Benefits, IRMAA, RMDs, Annuities, and Beneficiaries: Q&A #2452 appeared first on The Retirement and IRA Show .
Wed, December 25, 2024
Individualized Retirement Planning Strategies: EDU #2452
Jim and Chris continue discussing different approaches to retirement planning, focusing on a listener’s DIY strategy. They cover key topics like withdrawal strategies, risk management, and tax considerations, emphasizing personalized solutions to fit individual goals. The post Individualized Retirement Planning Strategies: EDU #2452 appeared first on The Retirement and IRA Show .
Sat, December 21, 2024
IRMAA, 457b, QCDs, and Roth Conversions: Q&A #2451
Jim and Chris discuss listener questions relating to IRMAA, Social Security benefits, 457B plans, Qualified Charitable Distributions, and Roth conversions. (8:30) The guys address a listener question about using form SSA-44 to appeal IRMAA surcharge. (20:45) George seeks clarity on whether and how his wife’s 457 plan distributions will impact their Social Security benefits. (42:00) A PSA from Georgette shares her experience with using check-writing from an IRA for QCDs. (46:00) Jim and Chris weigh in on advice given to a widow about converting her late husband’s SIMPLE IRA to a Roth IRA. (1:20:45) A listener asks for guidance on handling the pro-rata rule after a backdoor Roth conversion and the implications of an IRMAA discrepancy due to a late-reported Roth conversion. The post IRMAA, 457b, QCDs, and Roth Conversions: Q&A #2451 appeared first on The Retirement and IRA Show .
Wed, December 18, 2024
Charitable Remainder Trusts Part 1: EDU #2451
Jim and Chris welcome on another member of the JSA team – Paul Neiffer, CPA – to discuss Charitable Remainder Trusts. They dive into what they are and how you might use them. The post Charitable Remainder Trusts Part 1: EDU #2451 appeared first on The Retirement and IRA Show .
Sat, December 14, 2024
IRMAA, Spousal Benefits, IRA Withdrawals, QCDs, and Roth Contributions: Q&A #2450
Jim and Chris discuss listener questions relating to IRMAA, SS Spousal Benefits, IRA withdrawals, Qualified Charitable Donations, and Roth contributions. (6:45) A listener looks for assistance filling out form SSA-44 to have his IRMMA surcharge reevaluated. (24:15) George wonders if his wife claiming her Social Security benefits early will reduce her spousal benefit when he takes his SS at full retirement age. (36:00) Jim and Chris share a listener’s perspective on the advantages of paying federal taxes with an IRA withdrawal. (39:15) The guys weigh in on using the check-writing ability from an IRA to make QCDs. (52:15) Jim shares a case study where someone might be able to double their annual Roth contributions. The post IRMAA, Spousal Benefits, IRA Withdrawals, QCDs, and Roth Contributions: Q&A #2450 appeared first on The Retirement and IRA Show .
Wed, December 11, 2024
Retirement Planning Philosophy and Process Dialog: EDU #2450
Jim and Chris once again welcome their colleague, Jake Turner, EA, and Candidate for CFP® certification, to the show. Together, they address listener questions and take a deeper dive into their retirement planning philosophy and process. The post Retirement Planning Philosophy and Process Dialog: EDU #2450 appeared first on The Retirement and IRA Show .
Sat, December 07, 2024
Family Maximum Benefit, Means Test, QCDs, Tax Strategies, and SPIA Income: Q&A #2449
Jim and Chris discuss listener questions relating to the Family Maximum Benefit, Means Test, Qualified Charitable Donations, tax strategies for pension benefits, and spreadsheet tracking of SPIA income. (10:00) Georgette asks about factoring in the Family Maximum Benefit while deciding when to start taking Social Security (19:30) A listener looks for a better understanding of Survivor Benefits and the means test. (32:30) Jim and Chris discuss whether someone can continue to use the same QCD in an Inherited IRA. (40:15) The guys dive into a question about tax strategies relate to a defined pension benefit. (56:30) A do-it-yourselfer wonders about an appropriate way to account for SPIA income in his spreadsheets. The post Family Maximum Benefit, Means Test, QCDs, Tax Strategies, and SPIA Income: Q&A #2449 appeared first on The Retirement and IRA Show .
Wed, December 04, 2024
Common Estate Planning Mistakes: EDU #2449
Chris is joined by estate planning attorney Shelley Thompson while Jim is traveling. Chris and Shelley discuss common mistakes people make with their Wills. The post Common Estate Planning Mistakes: EDU #2449 appeared first on The Retirement and IRA Show .
Sat, November 30, 2024
Social Security, Annuity RMDs, and Being a CFP: Q&A #2448
Jim and Chris discuss listener questions relating to Social Security, Annuity RMDs, and next steps after passing the CFP exam. (5:30) George asks if you’re required to claim Social Security as soon as you turn 70. (13:00) The guys are asked for their input on Social Security claiming strategy. (21:00) Jim and Chris discuss whether there are differences in the handling of RMDs for different annuity types ( SPIA, GMWB, and GMIB ). (36:30) A listener just passed their CFP exam (a big congrats from the whole team at JS&A!) and asks for the guys’ input on recommended next steps. The post Social Security, Annuity RMDs, and Being a CFP: Q&A #2448 appeared first on The Retirement and IRA Show .
Wed, November 27, 2024
60-day Rollover Conversion Strategy: EDU #2448
Jim and Chris received an email from a listener asking about completing a Roth conversion using a 60-day rollover. In response, they decided to take a dive deep into the topic, exploring what they call the “60-day rollover conversion” strategy. The post 60-day Rollover Conversion Strategy: EDU #2448 appeared first on The Retirement and IRA Show .
Sat, November 23, 2024
Earnings Test, IRMAA, Survivor Benefits, 529 Plans, and SPIAs: Q&A #2447
Jim and Chris sit down to answer listener questions related to Social Security, 529 Plans, and SPIA payments… (6:30) A listener wonders if they will be subject to the Social Security earnings test. (14:30) The guys weigh in on if/how a Roth conversion would impact an IRMAA appeal. (30:30) Chris answers whether there is a time limit to apply for Survivor Benefits. (46:30) George asks whether moving money from a 529 plan to a Roth is considered a conversion. ( referenced article ) (1:04:30) The guys offer clarity on the timing for RMDs and Qualified Charitable Donations with SPIA payments The post Earnings Test, IRMAA, Survivor Benefits, 529 Plans, and SPIAs: Q&A #2447 appeared first on The Retirement and IRA Show .
Wed, November 20, 2024
Roth Conversions and RMDs: EDU #2447
Jim and Chris sit down for a Discussion edition of the EDU series to talk through some listener questions on RMDs in relation to Roth Conversions (’tis the season!). The post Roth Conversions and RMDs: EDU #2447 appeared first on The Retirement and IRA Show .
Sat, November 16, 2024
Social Security Benefits, Roth Conversions, and RMDs: Q&A #2446
Jim and Chris discuss listener questions relating to Social Security, Roth conversions, and RMDs. (11:00) George wonders if his wife is eligible for Social Security benefits while taking care of an adult disabled child even if he is still working and has not applied for SS yet. (19:00) Chris tackles an interesting Social Security survivor benefits strategy question. (28:15) A listener looks for clarity on timing his Roth conversion in relation to his monthly IRA SPIA payouts. (49:45) The guys expand on RMD rules and how they apply to MYGAs. (1:00:00) Jim and Chris answer whether Inherited IRAs are included in the taking your RMD before doing a Roth conversion rule. The post Social Security Benefits, Roth Conversions, and RMDs: Q&A #2446 appeared first on The Retirement and IRA Show .
Wed, November 13, 2024
SECURE Act Updates: EDU #2446
Jim and Chris sit down for another EDU show discussing updates to the SECURE Act that Jim brought back from the recent Ed Slott conference. The post SECURE Act Updates: EDU #2446 appeared first on The Retirement and IRA Show .
Sat, November 09, 2024
Social Security, RMDs, QLACs, and Buffered ETFs: Q&A 2445
Jim and Chris sit down to discuss listeners questions relating to Social Security, RMDs, QLACs, and Buffered ETFs… (12:30) The guys are asked if dual citizenship will affect Social Security benefits. (20:30) George looks for clarity on Social Security’s family maximum rules. (30:00) Chris explains the reduction factor when claiming a spousal Social Security benefit. (35:45) The guys address some confusion a listener had with a recent article talking about Roth conversions once somebody begins their required minimum distributions (RMDs). (54:30) Jim and Chris discuss what happens if somebody wants to open a Qualified Longevity Annuity Contract (QLAC), but they have not fully satisfied their Required Minimum Distributions for the year and are interested in doing a Qualified Charitable Distribution (QCD). Can they transfer money from their IRA to the QLAC before satisfying their RMD? (1:01:00) A listener wonders if, with funds that have a one-year holding period in the design of their outcome period (buffered ETFs), are capital gains treated as long-term or short-term? The post Social Security, RMDs, QLACs, and Buffered ETFs: Q&A 2445 appeared first on The Retirement and IRA Show .
Wed, November 06, 2024
Stretch IRA Rules and More: EDU #2445
Jim and Chris sit down to discuss a few things Jim brought back from his recent Ed Slott conference including a discussion of ALAR (10-year RMD rule) and stretch IRAs. The post Stretch IRA Rules and More: EDU #2445 appeared first on The Retirement and IRA Show .
Sat, November 02, 2024
Medicare, Roth Conversions, Spousal Benefits, 401(k) Contributions, and RMDs: Q&A #2444
Jim and Chris (and Jake too!) sit down to answer some listener questions about Medicare, Roth conversions, Social Security, and 401k catch up contributions… (10:00) George wonders how his wife’s ACA premium tax credits will be affected for the first part of the year if he increases his income after she turns 65 and enrolls in Medicare. (23:45) The guys discuss a listener’s query on how much to convert to a Roth now that she is in a low tax bracket. (48:30) A listener looks for answers on his wife’s Social Security benefits strategy. (55:45) George asks the guys to opine on the IRS’s 401(k) catch up contribution rules. (1:13:30) Jim and Chris share couple PSAs. First a listener reminds the guys that residents in four states can switch between Medicare Advantage plans and traditional Medicare with medigap coverage without needing to show proof of insurability to purchase Medicare supplemental plans. Then they discuss some mistakes we found with ChatGPT when calculating required minimum distributions. The post Medicare, Roth Conversions, Spousal Benefits, 401(k) Contributions, and RMDs: Q&A #2444 appeared first on The Retirement and IRA Show .
Wed, October 30, 2024
How Listeners are Implementing Our Planning Process: EDU #2444
On this week’s EDU Discussion edition Jim and Chris welcome back Jake Turner, a fellow planner from the JSA team, as they take some time to opine on how some listeners are implementing their own versions of our retirement planning process. The post How Listeners are Implementing Our Planning Process: EDU #2444 appeared first on The Retirement and IRA Show .
Sat, October 26, 2024
Social Security WEP and GPO Special: Q&A #2443
With Jim attending an Ed Slott conference, Chris takes some time to answer a WEP and GPO question before offering listeners general information on Social Security changes for 2025 and a detailed walkthrough of the WEP and GPO provisions of Social Security. ( 6:30) George asks for more information on whether Social Security offsets are adjusted due to taking a pension early vs later. The post Social Security WEP and GPO Special: Q&A #2443 appeared first on The Retirement and IRA Show .
Wed, October 23, 2024
Qualified Annuities and IRA Deep Dive: EDU #2443
Jim and Chris first talk about the “Qualified Annuity Stretch” before starting a deep dive into the IRA portion of “The Retirement and IRA Show” with a discussion of 9 of Ed Slott’s “top 23 questions advisors ask”. The post Qualified Annuities and IRA Deep Dive: EDU #2443 appeared first on The Retirement and IRA Show .
Sat, October 19, 2024
Qualified Accounts, Social Security, Medicare, HSAs, and Roth Conversions: Q&A #2442
Jim and Chris sit down to discuss listeners questions relating to Qualified Accounts, Social Security, Medicare, HSAs, and Roth Conversions. ( 6:45 ) The guys clarify the meaning of the word qualified when it applies to retirement accounts as pointed out by a listener to their podcast ( 13:00 ) Georgette is curious how child-in-care family max is affected by divorce. ( 25:00 ) Listeners provide some clarification on Medicare Part G, signing up for Medicare, and the Medicare Part D cap (see below for a link to more info). ( 38:00 ) The guys weigh in on HSA contributions prior to Medicare enrollment. ( 46:00 ) Jim and Chris discuss if a Roth Conversion done the year of, but prior to, turning 73 will be allowed or if any withdrawal from an IRA in that year considered an RMD. Additional Medicare information: Part G information Part D cap information The post Qualified Accounts, Social Security, Medicare, HSAs, and Roth Conversions: Q&A #2442 appeared first on The Retirement and IRA Show .
Wed, October 16, 2024
Medicare Enrollment Assistance Special Episode: EDU #2442
With Medicare open enrollment season here, Jim and Chris welcome a special guest, Brad Grier, who volunteers with the Nebraska State Health Insurance Assistance Program (SHIP). Brad talks with the guys about what SHIP is and how it might be helpful to you in your state. The post Medicare Enrollment Assistance Special Episode: EDU #2442 appeared first on The Retirement and IRA Show .
Sat, October 12, 2024
Social Security Benefits and Roth IRA Annuities: Q&A #2441
Jim and Chris sit down to discuss listener questions relating to Social Security benefits then return to a question from last week to take a deeper look at Roth IRA Annuity payments… (18:00) A listener asks if he might be able to collect full Social Security benefits while working part-time for a local government job. (25:45) Georgette hopes for some help before she meets with Social Security to determine if she should take survivor benefits now. (38:00) Jim and Chris revisit a question from last week. This week they dive deeper into the listener’s question addressing whether or not Roth IRA annuity payments from can be rolled over into a new Roth IRA. The post Social Security Benefits and Roth IRA Annuities: Q&A #2441 appeared first on The Retirement and IRA Show .
Wed, October 09, 2024
Medicare Insurance Special: EDU #2441
With Medicare open enrollment season approaching, Jim and Chris welcome a special guest, Tyler Haskell, CFP. Tyler has been a Medicare Insurance Broker for 12 years, helping people navigate the complexities of the Medicare system. The post Medicare Insurance Special: EDU #2441 appeared first on The Retirement and IRA Show .
Sat, October 05, 2024
Social Security, Retirement Planning, 529 Savings Accounts, Roth Losses, and FIAs: Q&A #2440
Jim and Chris sit down to discuss listener questions relating to Social Security benefits, planning with the potential for an SO, funding a 529 savings account, losses in a Roth IRA, and Fixed Indexed Annuities… (9:00) A listener hopes Chris can tell him if having a different name on his Birth Certificate and Social Security card is going to be an issue when he applies for benefits. (14:30) Georgette asks for advice on filing Social Security survivor benefits and spousal benefits. (34:30) A fellow single asks how Jim budgets and plans for the potential of a future partner entering the picture. (45:45) The guys weigh in on a listener’s strategy to add funds to his daughter’s 529 college savings account. (52:00) Jim and Chris discuss a Wall Street Journal letter to the editor concerning money converted into a Roth IRA that subsequently loses a significant amount of value. (1:03:45) George looks for some answers about a Fixed Indexed Annuity he intends to purchase. The post Social Security, Retirement Planning, 529 Savings Accounts, Roth Losses, and FIAs: Q&A #2440 appeared first on The Retirement and IRA Show .
Wed, October 02, 2024
Our Retirement Planning Process: EDU #2440
Jim and Chris sit down for another EDU show dedicated to our retirement planning process. In this episode the guys dialog with listeners, answering questions and expounding on key ideas. The post Our Retirement Planning Process: EDU #2440 appeared first on The Retirement and IRA Show .
Sat, September 28, 2024
Buffered ETFs Special Episode: Q&A #2439
Jim and Chris welcome back special guest Matthew Kaufman, from Calamos Investments, to answer a series of listener questions on buffered/principle protected ETFs … (13:00) Georgette wants to know how an ETF and those invested in it are affected if the managing firm goes bankrupt. (22:00) A listener wonders how to assess an appropriate risk /reward with all of the variables involved with buffered ETFs and if there are any tools or approaches available to help. (37:15) The guys offer a listener some clarity on downside protection. (50:15) George asks about best- and worst-case scenarios with ETF caps. (59:00) A listener queries if the guys consider ETFs as a substitute for bonds in her portfolio. (1:13:30) George hopes there is a back test for the performance of ETFs over the last 25 years to compare it to the performance of the S&P Index. The post Buffered ETFs Special Episode: Q&A #2439 appeared first on The Retirement and IRA Show .
Wed, September 25, 2024
Estate Planning Special Edition: EDU #2439
Jim and Chris welcome back Estate Planning Attorney, Shelly Thompson in this special EDU edition turned Q&A… (8:30) A listener asks how to find a reputable estate lawyer and if there are any books Shelly recommends for learning more about Living Trusts. (20:00) George wonders what the best practice is for making funds available to an executor that in not named as an account beneficiary. The gang also tackles a question on which type of account to pay estate taxes from. (39:15) A question about the legality of a bank refusing to accept a Power of Attorney document is addressed. (1:00:30) Shelly and the guys answer whether it is best to title a Trust with something other than your legal name(s) in order to make it less easily discoverable if a lawsuit is filed against you. (1:05:15) Georgette is curious if it is best to start estate planning in her current state or wait a year or two to do it in the state she’s retiring to. (1:07:45) A listener wants to know how often she should update her Living Trust and related documents. (1:11:30) The gang discuss a question about setting up beneficiaries in a way that would potentially reduce the tax burden for a listener’s adult children. The post Estate Planning Special Edition: EDU #2439 appeared first on The Retirement and IRA Show .
Sat, September 21, 2024
Social Security Child-in-Care, Disability, and Survivor Benefits; and Conduit Trusts: Q&A #2438
Jim and Chris sit down to discuss listener questions relating to Social Security Child-in-Care, Disability, and Survivor Benefits, as well as Conduit Trusts… (20:00) A listener asks if he qualifies for child-in-care benefit under his wife’s Social Security since he helps care for their disabled son, and if the son could be getting half of her Social Security. Chris also answers whether George’s brother-in-law can get Social Security Disability after a lung cancer diagnosis. (34:30) A listener looks for clarity on their Social Security benefits since they are already collecting survivor benefits. (48:30) George asks the guys to elaborate on how a Conduit Trust works. The post Social Security Child-in-Care, Disability, and Survivor Benefits; and Conduit Trusts: Q&A #2438 appeared first on The Retirement and IRA Show .
Wed, September 18, 2024
Our Retirement Planning Process and Philosophy Part 13: EDU #2438
Jim and Chris finish their long-running series about their retirement planning process with a final discussion about asset positioning. The post Our Retirement Planning Process and Philosophy Part 13: EDU #2438 appeared first on The Retirement and IRA Show .
Sat, September 14, 2024
COLA, WEP, and Annuities: Q&A #2437
Jim and Chris sit down to discuss listener questions relating to Social Security (COLA and WEP), perspectives on annuities, and Delayed Variable Income Annuities… (9:15) A listener wants to know if there is better way to project Social Security benefits since it does not appear the SS website takes COLA into account. (17:30) Georgette asks if the Social Security spousal benefit is also subject to WEP. (31:45) Another week, another AI joke to share. (34:00) The guys discuss a listener’s perspective on their conversation last week about “winning” or “losing” with annuities. (47:00) George writes in for some advice in helping his mother-in-law decide the best options for passing on the money in her Delayed Variable Income Annuity to her grandkids. The post COLA, WEP, and Annuities: Q&A #2437 appeared first on The Retirement and IRA Show .
Wed, September 11, 2024
Our Retirement Planning Process and Philosophy Part 12: EDU #2437
Jim and Chris continue the recent series on their philosophy/approach to retirement planning and their positioning approach for retirement spending. The post Our Retirement Planning Process and Philosophy Part 12: EDU #2437 appeared first on The Retirement and IRA Show .
Sat, September 07, 2024
Social Security Disability, AI Jokes, Reverse Mortgages, and Inherited IRAs: Q&A #2436
Jim and Chris sit down to discuss listener questions relating to Social Security Disability, Minimum Dignity Floor, Reverse Mortgages, and Inherited IRAs… (4:00) George wonders if he continues to work and his Social Security benefit is reduced to $0, if that also make his wife’s spousal benefit and child’s disability benefit $0. (16:15) Chris answers another SS Disability Benefits question for a wife who wants to know if her disabled daughter will still receive benefits from her husband’s SS if he passes away. (23:30) As only Jim and Chris can, the guys turn a listener’s IA generated jokes into a discussion on minimum dignity floor and annuities. (53:15) A listener asks the guys for their opinion on considering home equity, in the form of a potential reverse mortgage, as a buffer asset. (1:08:00) Georgette raises some questions about the differences in an Inherited IRA and a Traditional IRA if she were to pass and her adult children were to inherit both. The post Social Security Disability, AI Jokes, Reverse Mortgages, and Inherited IRAs: Q&A #2436 appeared first on The Retirement and IRA Show .
Wed, September 04, 2024
Our Retirement Planning Process and Philosophy Part 11: EDU #2436
Jim and Chris continue the recent series on their philosophy/approach to retirement planning and discuss how their “positioning” approach differs from the classic “bucket” approach to saving and budgeting. The post Our Retirement Planning Process and Philosophy Part 11: EDU #2436 appeared first on The Retirement and IRA Show .
Sat, August 31, 2024
Social Security Disability, Spousal Benefits, SPIAs, Equities, and Roth 401ks : Q&A #2435
Jim and Chris sit down to discuss listener questions relating to Social Security Disability, Spousal Benefits, SPIAs, Equities, and Roth 401ks. (6:30) George hopes Chris can confirm his Social Security math and give some input on when his wife should claim her benefits. (17:30) A listener looks for clarification on whether his wife can claim her Social Security Benefits early then switch to full spousal benefits when he takes his full benefit. (25:00) Jim and Chris share a listener’s joke – punny stuff! (31:00) George asks why an annual SPIA payment ends up being less than monthly payments since the balance should earn more interest if it stays in the account longer. (42:00) The guys talk about the difference between investing in equities with ETFs for S&P 500 versus total stock market and whether there are advantages to using total stock index. (1:02:00) A listener wonders if the original open date of his Roth 401k still counts for the 5-year rule now that he’s rolled it over into a Roth IRA, or if the clock has restarted. The post Social Security Disability, Spousal Benefits, SPIAs, Equities, and Roth 401ks : Q&A #2435 appeared first on The Retirement and IRA Show .
Wed, August 28, 2024
Our Retirement Planning Process Questions Answered: EDU #2435
With Jim out sick, one of the other planners at Jim Saulnier & Associates, Jake Turner, joins Chris to discuss some questions that have come in about the retirement planning process. The post Our Retirement Planning Process Questions Answered: EDU #2435 appeared first on The Retirement and IRA Show .
Sat, August 24, 2024
Social Security, Long-Term Care, Child-In Care Benefits, Annuities, and Tax Credits: Q&A #2434
Chris discusses listener questions relating to Social Security, long-term care, child-in-care benefits, annuities, and tax credits. (5:00) Chris chats about a Social Security press release regarding the overpayment burden for Social Security beneficiaries. (12:15) A listener looks for clarification on how much long-term care (LTC) coverage we’d recommend based on their situation. (18:00) George asks about children claiming a Social Security survivors benefit and their total family maximum benefit. (33:15) A listener wonders about child-in-care benefits for their daughter given her situation. (42:45) Georgette asks if the starting payments from a deferred annuity within a brokerage style account are fully taxable as interest. (52:30) George asks for thoughts on his Social Security claiming strategy. (1:01:00) George asks about the electric vehicle tax credit. The post Social Security, Long-Term Care, Child-In Care Benefits, Annuities, and Tax Credits: Q&A #2434 appeared first on The Retirement and IRA Show .
Wed, August 21, 2024
Our Retirement Planning Process and Philosophy Part 10: EDU #2434
Jim and Chris continue their recent series on our philosophy/approach and discuss potentially using home equity to fund Aging/LTC needs. The post Our Retirement Planning Process and Philosophy Part 10: EDU #2434 appeared first on The Retirement and IRA Show .
Sat, August 17, 2024
Social Security Benefits, Inherited IRA RMDs, Timing RMDs with QCDs: Q&A #2433
Jim and Chris sit down to discuss listener questions relating to child-in-care benefits, delayed retirement benefits, Inherited IRA RMDs, and timing RMDs and QCDs. (4:30) A listener wonders if she should have been collecting child-in-care benefits over the last 20 years of caring for her disabled son. (11:00) Georgette recalls Chris speaking about delayed retirements benefits and asks Chris what the benefits, if any, are of waiting the extra 6 months to file for Social Security. (20:15) Jim and Chris tackle a question about a (twice) Inherited IRA and whose lifetime table is used for the interim RMDs. (34:30) The guys answer a listener’s question about the timeline requirements for purchasing a “life only” SPIA with RMD money and doing a Qualified Charitable Donation (QCD). The post Social Security Benefits, Inherited IRA RMDs, Timing RMDs with QCDs: Q&A #2433 appeared first on The Retirement and IRA Show .
Wed, August 14, 2024
Our Retirement Planning Process and Philosophy Part 9: EDU #2433
Jim and Chris continue their discussion of “seesaw assets” and leveraging a long-term care insurance policy to increase your Aging/LTC reserve. The post Our Retirement Planning Process and Philosophy Part 9: EDU #2433 appeared first on The Retirement and IRA Show .
Sat, August 10, 2024
SS Benefits, WEP, HSAs, MYGAs, and Retirement Planning: Q&A #2432
Jim and Chris sit down to discuss listener questions relating to Social Security benefits, WEP, HSAs, MYGAs, and their retirement planning process. (9:15) Chris begins the show by describing a current situation where he is trying to help someone with filing for Social Security and Medicare after spending most of their life going by a nickname that was not their legal name. (13:00) George wonders what to expect for Social Security benefits for someone who has worked 10 years of the 35 years SS looks at in their determination. (21:15) A listener wants to know if a 401(a) that only pays out a lump sum will be used in the Windfall Elimination Provision (WEP) calculation if the same employer also provided a pension. (35:15) Jim and Chris answer whether or not a listener can use his individual Health Savings Account (HSA) to pay for his wife’s medical expenses. (39:30) A listener purchased 3 MYGAs from the same company within a one-year time frame. After listening to a recent episode, she is now wondering if, when the first one matures, transferring it via a 1035 exchange to another company will fix the issue that they are currently lumped together for the purpose of the last in first out rule. (1:08:00) The guys are asked to clarify part of their Planning process covered in the Edu series. In the hypothetical are they funding the period between “delay” and “post delay” with Social Security and/or pensions or something else? The post SS Benefits, WEP, HSAs, MYGAs, and Retirement Planning: Q&A #2432 appeared first on The Retirement and IRA Show .
Wed, August 07, 2024
Our Retirement Planning Process and Philosophy Part 8: EDU #2432
Jim and Chris continue their discussion of “seesaw assets” and balancing fun spending during the “go-go” years while keeping some reserves for aging expenses later in life. The post Our Retirement Planning Process and Philosophy Part 8: EDU #2432 appeared first on The Retirement and IRA Show .
Sat, August 03, 2024
Social Security, Annuities, and Inherited Roth IRAs: Q&A #2431
Jim and Chris sit down to discuss listener questions relating to Social Security, annuities, and inherited Roth IRAs. (5:30) George asks about how he can determine the best time for his wife to claim her Social Security benefit. (16:45) George wonders how his mother-in-law can get the Social Security Administration to use the monthly earnings test rather than the annual earnings test. (28:00) Jim and Chris next tackle a question from a listener regarding their answer on the July 6th Q&A Show #2627 on how the 5-year rule on Roth qualified distributions impacts a non-spouse beneficiary who inherits a Roth IRA if the beneficiary never owned a Roth IRA before. The original answer was incorrect, and Jim and Chris take the opportunity with this listener’s question to clear up the confusion. (53:45) A listener looks for clarification on a previous podcast episode regarding variable annuities within IRAs. (1:04:15) A listener wonders about implementing a multi-year guaranteed annuity (MYGA) in his retirement plan. Articles Referenced: https://irahelp.com/slottreport/part-1-inherited-roth-ira-by-non-spouse-beneficiary-5-year-clock-issues/ https://irahelp.com/slottreport/part-2-inherited-roth-ira-by-spouse-beneficiary-5-year-clock-issues/ The post Social Security, Annuities, and Inherited Roth IRAs: Q&A #2431 appeared first on The Retirement and IRA Show .
Wed, July 31, 2024
Our Retirement Planning Process and Philosophy Part 7: EDU #2431
Jim and Chris pick up where they left off discussing their retirement planning philosophy with fun money and the seesaw analogy. In this episode the guys talk about how and why Jim changed his positioning strategy to better adapt to their retirement spending philosophy. The post Our Retirement Planning Process and Philosophy Part 7: EDU #2431 appeared first on The Retirement and IRA Show .
Sat, July 27, 2024
Social Security, Child-In-Care Benefits, Roth IRAs, Buffered Products, and Inherited IRAs: Q&A #2430
Jim and Chris discuss listeners questions relating to Social Security, Roth IRAs, buffered products, and inherited IRAs. (13:45) A listener looks for clarification on claiming a “child-in-care” Social Security benefit. (25:00) A listener asks what happens to a spouse’s child-in-care benefit if the person passes away. (28:30) A listener wonders about any repercussions for not reporting their children’s original Roth IRA contributions years ago. (52:00) A listener asks if there are any buffered products offering terms longer than one year. (1:07:15) A listener looks for clarification on how inherited IRAs are officially titled. The post Social Security, Child-In-Care Benefits, Roth IRAs, Buffered Products, and Inherited IRAs: Q&A #2430 appeared first on The Retirement and IRA Show .
Wed, July 24, 2024
In-Depth Principal Protected Structured ETFs: EDU #2430
Jim and Chris welcome special guest Matt Kaufman from Calamos Investments. Together they take an in-depth look at the development, brief history (including structured notes, fixed indexed annuities, and new exchange traded funds), function, and options trades in the background of Principal Protected Structured ETFs. The post In-Depth Principal Protected Structured ETFs: EDU #2430 appeared first on The Retirement and IRA Show .
Sat, July 20, 2024
Delayed Retirement Credits, Pensions, HSAs and Annuities: Q&A #2429
Jim and Chris sit down to discuss listeners questions relating to Social Security delayed benefits, rolling a pension excess to an IRA, HSAs, and when to turn on an annuity’s living benefit. (15:00) A listener wonders if Chris can clear up why his Social Security delayed benefits calculations don’t match the what the SSA website shows. (28:30) Georgette hopes the guys can help her with the pros and cons of suspending Social Security benefits into order to earn delayed retirement credits. (35:15) A listener asks if rolling an excess in his pension into an IRA is the best option considering he would like access to the money soon without penalties and with minimum tax liability. (53:00) Jim and Chris answer a listener question regarding what he needs to do to prove he’s in a high-deductible health plan in order to contribute to an HSA. Note: the answer Jim and Chris provided was not fully accurate and we recommend listening to the 7/27/2024 show for clarification. (58:45) George ponders when to turn on his annuity’s living benefit. The post Delayed Retirement Credits, Pensions, HSAs and Annuities: Q&A #2429 appeared first on The Retirement and IRA Show .
Wed, July 17, 2024
Estate Planning 101: EDU #2429
Jim and Chris welcome Estate Planning Attorney, Shelly Thompson to discuss the basics of estate planning. The post Estate Planning 101: EDU #2429 appeared first on The Retirement and IRA Show .
Sat, July 13, 2024
Tax Questions Answered: Q&A #2428
In this episode Chris and guest Paul Neiffer, CPA will tackle listener tax questions. (3:45) A listener’s conversation with their sister has them wondering what strategies are recommended for the last high-earning year before retirement. (19:00) George plans to sell his rental property and is trying to understand what tax forms he needs as well as the capital gains implications. (28:00) A listener wonders if there is a way to pay taxes from a Roth IRA account that has already been taxed during a conversion that doesn’t involve form 2210. (41:30) Chris and Paul help a new listener with how to best time Roth Conversions and whether he’ll be paying Social Security taxes thus increasing his benefits. (52:10) Georgette wants to know if you roll a T-bill over in Treasury Direct, do you pay federal tax on it for the year it rolls over or do you only pay the tax when you actually receive the payment into your bank account? The post Tax Questions Answered: Q&A #2428 appeared first on The Retirement and IRA Show .
Wed, July 10, 2024
Our Retirement Philosophy/Approach In 10 Minutes Or Less: EDU #2428
Jim and Chris discuss listener submissions with advice on how we can describe our retirement planning approach in 10 minutes or less. The post Our Retirement Philosophy/Approach In 10 Minutes Or Less: EDU #2428 appeared first on The Retirement and IRA Show .
Sat, July 06, 2024
COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427
Jim and Chris sit down to discuss listener questions relating to COLA, WEP, the Roth Conversion Pro Rata Rule, and Inherited Roth IRAs. (15:30) In part 1 of George’s 3 email questions Chris goes into how to properly apply COLA to your Social Security calculations. (24:00) Chris talks about determining whether you are subject to WEP to answer part 2 of George’s email. (27:15) To answer George’s third and final question, the guys discuss covering the gap between retiring and collecting Social Security. (47:00) Jim and Chris address the Roth Conversion Pro Rata Rule for a listener and whether or not it applies to conversions from a Rollover IRA. (1:01:30) Jim may have said he was done talking about the 5-year rule but that was before Georgette sent him a question the guys have yet to address – when does the count start with an Inherited Roth IRA? Note: the answer Jim and Chris provided was not fully accurate and we recommend listening to the 8/3/2024 show for clarification. The post COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427 appeared first on The Retirement and IRA Show .
Wed, July 03, 2024
Is There a Simpler Approach to Retirement Planning?: EDU #2427
Jim and Chris say goodbye to their Annuity Awareness Month and pick up where they left off discussing their process. In this episode they respond to an email from a listener who feels they might be overcomplicating it. The guys discuss his simplified retirement planning approach and how people’s spending strategy may change throughout the course of their retirement. The post Is There a Simpler Approach to Retirement Planning?: EDU #2427 appeared first on The Retirement and IRA Show .
Sat, June 29, 2024
Social Security, Roth Withdrawals, and IRAs: Q&A #2426
Jim and Chris sit down to discuss listeners questions relating to Social Security, Roth withdrawals, and IRAs. (13:00) Georgette has been getting mixed messages about her survivor and spousal benefit options. (26:30) A couple reevaluates when to begin taking Social Security. (42:00) A listener looks for clarification on Roth Conversion rules. (58:30) Jim and Chris answer a Roth withdrawal quandary. (1:02:45) George asks if multiple IRAs with different timeline and investment goals is part of the strategy. The post Social Security, Roth Withdrawals, and IRAs: Q&A #2426 appeared first on The Retirement and IRA Show .
Wed, June 26, 2024
Covering MDF With Lifetime Secure Income: EDU #2426
Jim and Chris wind down national annuity awareness month by discussing covering MDF with lifetime secure income via an annuity. The post Covering MDF With Lifetime Secure Income: EDU #2426 appeared first on The Retirement and IRA Show .
Sat, June 22, 2024
Social Security, IRMAA, Roth Conversions, and IRAs: Q&A #2425
Jim and Chris sit down to discuss listeners questions relating to Social Security, IRMAA, Roth conversions, and IRAs. (3:45) A listener asks if her pension benefit will reduce her spouse’s Social Security benefit. (14:30) A listener wonders if there’s anything they need to be aware of when considering IRMAA and Roth conversions. (24:00) George asks about the 5-year rule for taking distributions from a Roth IRA. The post Social Security, IRMAA, Roth Conversions, and IRAs: Q&A #2425 appeared first on The Retirement and IRA Show .
Wed, June 19, 2024
Insurance Companies and Annuities: EDU #2425
Jim and Chris sit down to continue their annuity discussion focusing on the insurance companies that sell annuities. Click here for article #1. Click here for article #2. The post Insurance Companies and Annuities: EDU #2425 appeared first on The Retirement and IRA Show .
Sat, June 15, 2024
Social Security, 529 Conversions, FIAs, and RMDs: Q&A #2424
Jim and Chris sit down to discuss listener questions relating to Social Security, 529 Roth conversions, and fixed index annuities (FIAs). (4:45) A listener wonders if his children’s Social Security benefits will be reduced by him working longer. (15:45) A listener looks for clarification on calculating spousal Social Security benefits and what happens when you delay claiming. (29:30) Georgette wonders if she meets the time requirements for rolling a New York 529 plan into a Roth IRA. (46:45) George looks for clarification on converting a 529 plan into a Roth IRA and the specific rules behind the conversion. (58:45) A listener asks if there’s any way to project fixed index annuities (FIAs) future fair market values to help determine its RMD impacts. The post Social Security, 529 Conversions, FIAs, and RMDs: Q&A #2424 appeared first on The Retirement and IRA Show .
Wed, June 12, 2024
Income Benefits Of Non-Annuitized Annuities: EDU #2424
Jim and Chris continue their discussion from last weeks QA show regarding the income benefits of a non annuitized annuity. The post Income Benefits Of Non-Annuitized Annuities: EDU #2424 appeared first on The Retirement and IRA Show .
Sat, June 08, 2024
Rollover Issues and Income Annuities: Q&A #2423
Jim and Chris take a deep dive on a listener question relating to a problem with a rollover and provide their thoughts on purchasing a Deferred Income Annuity (DIA). The post Rollover Issues and Income Annuities: Q&A #2423 appeared first on The Retirement and IRA Show .
Wed, June 05, 2024
Kicking Off Annuity Awareness Month: EDU #2423
Jim and Chris kick off annuity awareness month in 2024 by chatting about annuities, where they fit into retirement and retirement planning. The post Kicking Off Annuity Awareness Month: EDU #2423 appeared first on The Retirement and IRA Show .
Sat, June 01, 2024
Annuities, Pensions, and Social Security: Q&A #2422
June kicks off annuity awareness month! Jim and Chris sit down to discuss and take a deep dive on listener questions relating to annuities. (21:30) A fellow advisor and listener looks for clarification on a clients Social Security benefit statement. (49:00) George wonders, if more people think of annuities like pensions, would they be a more popular and accepted option for retirement. (57:45) Georgette owns a variable annuity within her IRA and wonders when she should annuitize it in retirement. The post Annuities, Pensions, and Social Security: Q&A #2422 appeared first on The Retirement and IRA Show .
Wed, May 29, 2024
Our Retirement Planning Process and Philosophy Part 6: EDU #2422
Jim and Chris continue their walk through of our philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number. The post Our Retirement Planning Process and Philosophy Part 6: EDU #2422 appeared first on The Retirement and IRA Show .
Sat, May 25, 2024
Social Security, WEP, Lifecycle Funds, and Retirement Planning: Q&A #2421
Jim and Chris sit down to discuss listener questions relating to Social Security, WEP, Lifecycle funds, and retirement planning. (8:30) A listener looks for clarification on when WEP will be applied to his Social Security benefit. (25:30) A listener looks for thoughts on his Social Security claiming strategy. (35:30) The same listener as above asks about Lifecycle funds and potentially using them to cover his Minimum Dignity Floor (MDF). (54:30) Jim and Chris share their thoughts and also open up suggestions to listeners on if they would like to participate in providing a 10-minute summary of their approach to retirement planning. (1:01:30) A listener wonders how illiquid assets, such as a home come into play for retirement planning. The post Social Security, WEP, Lifecycle Funds, and Retirement Planning: Q&A #2421 appeared first on The Retirement and IRA Show .
Wed, May 22, 2024
Our Retirement Planning Process and Philosophy Part 5: EDU #2421
Jim and Chris continue their walk through of their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number. The post Our Retirement Planning Process and Philosophy Part 5: EDU #2421 appeared first on The Retirement and IRA Show .
Sat, May 18, 2024
IRAs, HSAs, QCDs, Taxes, and Rolling Passive Losses: Q&A #2420
Chris and Paul sit down to answer listeners questions regarding IRAs, HSAs, QCDs, taxes, and rolling forward passive losses. (3:30) George asks about being able to take an IRA distribution and rolling it into an HSA. (22:00) Georgette wonders if she can delay taking her first RMD to benefit from the timing of her current qualified charitable distributions (QCDs). (43:30) George looks for thoughts on contributing pre-tax in his employer plans in an attempt to allow for normal Roth IRA contributions. (55:45) A listener asks about being able to use a deceased husbands passive losses to offset potential future appreciation. The post IRAs, HSAs, QCDs, Taxes, and Rolling Passive Losses: Q&A #2420 appeared first on The Retirement and IRA Show .
Wed, May 15, 2024
Our Retirement Planning Process and Philosophy Part 4: EDU #2420
Jim and Chris continue their walk through of their philosophy and approach to retirement planning while sharing details on elements like the Minimum Dignity Floor, Secure Income, See-Through Portfolios, Asset Positioning and the ever-popular Fun Number. The post Our Retirement Planning Process and Philosophy Part 4: EDU #2420 appeared first on The Retirement and IRA Show .
loading...