Social Security, Home Equity, Roth Conversions, QLACs, SPIAs, RMDs, 5-Year Rule, TOD Accounts, and Retirement Estimators: Q&A #2213

March 26, 2022

Social Security, Home Equity, Roth Conversions, QLACs, SPIAs, RMDs, 5-Year Rule, TOD Accounts, and Retirement Estimators: Q&A #2213

Jim and Chris sit down to discuss listener questions regarding Social Security, home equity, Roth conversions, QLACs, SPIAs, RMDs, 5-Year Rule, TOD accounts, and retirement estimators.

(3:45) George asks if his Primary Insurance Amount (PIA) will increase with inflation while he delays his Social Security benefit to age 70.

(15:30) A listener wants to know how we utilize home equity in our retirement analyses to cover specific expenses.

(32:15) George would like some clarification on Roth conversions.

(35:15) A Coloradoan wants to know if they can purchase a Qualified Longevity Annuity Contract (QLAC) and a Single Premium Immediate Annuity (SPIA) within an IRA and also wants to know how the payments would affect their Required Minimum Distributions (RMDs).

(48:45) A listener wanted to clarify the term “seasoned” regarding the 5-Year Rule when rolling a Roth 401(k) to a Roth IRA.

(59:30) A listener sent in a couple tidbits about Transfer on Death (TOD) accounts.

(1:02:15) A Californian wanted to get Jim and Chris’s thoughts on the revamped retirement estimator on the Social Security Administration website.

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