Out-of-Country Citizenship, A Clarification on IRMAA, & A Roth Conversion Error: Q&A #2022
May 30, 2020
Jim and Chris cover a range of varied topics today: they revisit a past question, discuss a citizenship inquiry, clarify an IRMAA statement, and discuss a Roth conversion error. (4:15) Jim and Chris revisit a question answered in a previous podcast episode about child-in-care spousal benefits. (10:10) A listener who lives in Spain has some questions about Social Security benefits if she were to...
Listen NowUnexpected Windfalls: EDU #2021
May 27, 2020
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 you withdraw from an annuity while younger than age 59 1/2. Please...
Listen NowExcess Social Security Withholding, Trusts, QLACs, and More of the Best States for Retirees: Q&A #2021
May 23, 2020
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 some comments about a...
Listen NowTakeaways from the Latest Ed Slott Seminar Part 2: EDU #2020
May 20, 2020
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. https://media.blubrry.com/the_retirement_and_ira_show/s3.amazonaws.com/TheRetirementandIRAShow/RAIRA-Show-EDU-Y20E20.mp3 Podcast: Play in new window | Download (Duration: 1:16:15 — 34.9MB) Subscribe:...
Listen NowSocial Security Questions, A Correction, Retirement Accounts, and Trusts: Q&A #2020
May 16, 2020
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 Social Security benefits...
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