Today on Your Money, Your Wealth podcast number 357, the five-year rules for Roth withdrawals.

Does that five-year clock start with every Roth conversion?

Plus, a Social Security Medicare Irma retirement spitball, a self-employed retirement savings and tax planning spitball,

and Delaware statutory trusts, security-based loans, charitable remainder trusts, and other

charitable giving strategies explained. Also, will your portfolio grow faster with the help of a

financial advisor? And if you've got a smoking hot wife eight years your junior and you want to retire

on the same day at ages 70 and 62. Are there other financial considerations,

or are you just bragging?

I'm producer Andy Last, and here are the hosts

of your money, your wealth, Joe Anderson, CFP,

and Big Al Clopine CPA.

Let's see, we got, hi Joe and Big Al,

I just discovered your podcast,

and it's very informative. I have a question

for you about Roth conversions. Okay, 66 retired in 2021. I have about $2 million in tax deferred

IRAs and $50,000 in a Roth IRA. Also, I have about $1.90 after tax cash reserves that I'm planning to use to supplement my Social Security benefits to cover my living expenses until age 72.

Beginning 2020, I'll start Roth conversions of about $100,000 each to keep within the Medicare EMA limit in the 24% tax bracket.

So Irma, now we got some like just.

We do.

They're on top of it.

I mean, give a life, people.

What does that stand for?

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