Fixed Indexed Annuities, RMDs, and Early Social Security - 407

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 6 December 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re hearing more about fixed-indexed annuities with these volatile financial markets. Is it time to reconsider? Plus, clarification on required minimum distributions (RMDs) being waived for non-spouse IRA beneficiaries in 2021 and 2022, taxation on trusts, and suggestions for a 40-year-old considering an early mini-retirement. Also, can a 62-year-old immediately withdraw Roth conversion money? Finally, a strategy to claim Social Security early while working and invest the difference in a Roth IRA, and Joe and Big Al attempt to explain family Social Security benefits without phoning it in. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bit.ly/ymyw-407

Transcript

Click on a timestamp to play from that location

0:00.0	Today on Your Money, Your Wealth podcast number 407, we're hearing more about fixed indexed annuities with these volatile financial markets.
0:07.9	Is it time to reconsider?
0:09.8	Plus, clarification on required minimum distributions being waived for non-spouse IRA beneficiaries in 2021 and 2022,
0:18.1	taxation on trusts, and suggestions for a 40-year-old considering an early mini-retirement.
0:24.4	Also, can a 62-year-old immediately withdraw Roth conversion money?
0:28.7	And finally, a strategy to claim Social Security early while working and invest the difference in a Roth,
0:35.2	and Joan Bigel attempt to explain family social security benefits
0:38.7	without phoning it in. I'm producer Andy Last, and here are the hosts of your money,
0:43.7	your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:48.8	Tis the season, Alan. It is. Love this time of year. Oh, just, it's just joyous,
0:53.6	isn't it? Family time. Love puppies.
0:56.7	Oh, my goodness.
0:58.9	Hallmark movies.
0:59.8	Yeah, it's like I can only stand a couple. You know, I love the holidays and I like it and all.
1:05.0	Yeah, yeah.
1:05.4	It's like, sometimes it's just too much.
1:07.8	You've always told me you like Thanksgiving more than Christmas. I'm like a routine
1:13.4	guy. You know what I mean? I like a routine. I get up early and like to work out. I like to get
1:17.1	me stuff. But then you get like these real long weekends. Yeah. And the next thing you know,
1:22.7	you know, I'm having a course light on a Wednesday morning. It's like what the hell is going on here.
1:28.4	Got it. Got it. Okay. But anyway. So you need the structure. I do. I just to stay safe.
1:36.2	So all the times that you mentioned couch drunks, you're actually talking about your own potential future.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.