Medicare IRMAA, Roth Pro-Rata, & Real Estate Strategies - 414

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

🗓️ 31 January 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Modified adjusted income for Medicare and IRMAA and the pro-rata and aggregation rules for Roth conversions explained... clearly? Will a combat zone TSP transfer be subject to those rules? Plus, joint tenants with rights of survivorship vs. transfer on death for a brokerage account, reducing taxes on the sale of a timeshare, how much to spend on home improvements, and using a reverse mortgage instead of long-term care insurance. And wait ’til you hear Joe and Big Al's thoughts on the best way to pay the least amount of tax when you cash out your retirement savings to buy gold and silver. Show notes, many new free financial resources, transcript, Ask Joe & Big Al On Air: https://bit.ly/ymyw-414

Transcript

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0:00.0	Today on your money, Your Wealth podcast number 414, Joe and Big Al attempt to clearly and
0:05.5	succinctly explain modified adjusted gross income for Medicare and Irma and the pro rata
0:10.7	and aggregation rules for Roth conversions.
0:13.5	Will a combat zone TSP transfer be subject to those rules?
0:17.6	Plus, joint tenants with rights of survivorship versus transfer on death on a brokerage account,
0:22.5	reducing taxes on the sale of a timeshare, how much to spend on home improvements,
0:27.3	and using a reverse mortgage instead of long-term care insurance.
0:31.1	And wait till you hear the fellow's thoughts on the best way to pay the least amount of tax
0:35.0	when you cash out your retirement savings to buy gold and silver.
0:38.3	If you've got money questions, click the link in the description of today's episode and your favorite podcast app to go to the show notes, then hit the Ask Joe and Big Al-Begall on air banner to send them on in.
0:48.3	I'm producer Andy Last and here are the hosts of your money, your wealth, Joe Anderson, CFP, and Big Alclopine CPA.
0:55.5	Where are we going? Patrick?
0:57.4	Yeah.
0:58.4	Yeah.
0:59.2	Sounds good.
1:00.4	How's Hawaii, y'all?
1:01.3	Is it good?
1:02.0	Loving it.
1:02.8	Yeah, we've had nothing but sunshine.
1:05.0	Today is actually a little hazy, although the sun keeps popping out.
1:08.8	But yeah, almost all sun here.
1:11.0	Not a lot of rain.
	...

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