Welcome to the final episode of Your Money, Your Wealth for 2020. We will wrap up the longest

year in history with your questions about means testing for Social Security, Healthcare,

when one spouse is on Medicare, and how Roth conversions affect your Social Security and

Medicare costs, aka Irma, the Medicare income-related monthly adjustment amount.

Plus, the fellas answer more of your real estate questions.

Can you avoid capital gains when selling a rental property?

Should you pay off your rental or keep investing?

Is it a good idea to put a home equity line of credit or HELOC on an investment property?

And one of the things Joe and Al are good at is hitting nerves, as another listener doesn't agree with the fellows about paying off the mortgage on your primary residence.

I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson,

CFP, and Big Al Clopine CPA.

Rusty writes in, Alan, from San Diego.

Great.

I've been watching your show for years.

I heard you repeated suggestions about doing Roth conversions.

Are you sure?

I think we've only talked about Roth conversions once.

All right. My question is, how do Roth conversions affect your Social Security Medicare costs?

Well, it's called Irma.

So it depends on how much income that you have, Rusty.

And then if you do a Roth IRA conversion, you have to be careful, or at least to understand with the amount of conversion that you do,

creates income on your tax return.

...