Jim and Chris discuss a topic brought to us by a listener’s question:  what are some strategies one should consider when faced with expected windfalls such as suddenly inheriting a large sum of money? *Note:  Near the end of the episode, Jim and Chris failed to mention that there’s a 10% early withdrawal penalty if […]

Jim and Chris answer questions about excess Social Security withholding, trusts and their beneficiaries, and QLACs.  They also further discuss the best states to retire in after receiving an insightful comment by a listener. (4:50) “Georgiana” wonders what happens with the excess Social Security amount withheld by one of her employers. (13:09) A listener has […]

Continuing from a former EDU episode, Jim and Chris further discuss a recap of the most recent Ed Slott seminar.  In particular they discuss some tax court cases and different IRS rules.

Jim and Chris continue to tackle questions about Social Security, traditional vs. Roth IRAs, and trusts.  They also discuss a listener’s correction to a previous podcast episode. (4:20) An Illinois listener wonders how to communicate his updated address and phone number to Social Security. (7:00) Another Illinois listener wonders if he could collect full disability […]

Jim recently returned from the latest Ed Slott seminar, and in today’s episode he and Chris discuss some of the main takeaways and topics from the event.

After Jim clarifies some information about 2020 RMDs and the CARES Act, he and Chris answer questions about Social Security, HSA accounts for beneficiaries, and the best states to retire in. (3:10) Jim clarifies what you can do if you took a 2020 RMD before the CARES Act removed the requirement. (14:33) A Washington listener […]

While Jim attends an Ed Slott meeting,  Bob Palechek joins Chris to discuss the 5 things real estate owners should consider regarding taxes.

Today Jim and Chris respond to 5 questions, conversing about child-in-care spousal benefits, some tax considerations, annuity questions and some CARES Act questions. (12:49) A Floridian wonders if she can still work if she files for child-in-care spousal benefits. (16:35) A listener wonders if gifting his kids some shares from his taxable account is a […]

Jim and Chris discuss a topic brought to us from a listener’s email:  what are some planning opportunities that might exist because of the death of the stretch IRA?

Jim calls in from his kitchen today to discuss with Chris some considerations about the CARES Act, a clarification on the Monte Carlo analysis, and some questions about FERS and IRMA. (5:41) Jim brought up a listener’s question to the Ed Slott group concerning COVID-related withdrawals that are allowed with the CARES Act. (36:20) Chris […]