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.

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.

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.

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.

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.

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.

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.

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.

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.

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.