Spitballing Retirement During the Expensive Kid Years - 485
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 11 June 2024
⏱️ 34 minutes
🧾️ Download transcript
Summary
Market declines just before you retire, or early in your retirement, can really screw up your retirement income strategy. If you’re in the middle of the expensive kid years, how do you avoid this sequence of returns risk when making your retirement plans? That’s “Jaclyn Smith’s” question, today on Your Money, Your Wealth® podcast 485 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, can Vern’s wife collect Social Security at age 63, then switch to spousal benefits at age 70? Matt wants to know if 2026 catch-up Roth contributions will be subject to the pro-rata rule, and Tom and Amy are trying to figure out how to avoid Medicare’s monthly income-related adjustment amount, or IRMAA, in their plan for Roth conversions. Free financial resources and transcript: https://bit.ly/ymyw-485
How to Build a Recession-Proof Portfolio - YMYW TV
Recession Protection Guide - free download
The Election is Coming: Should You Sell? - read the blog
Investment Vehicle Selection: SMA vs. ETF vs. Mutual Fund – Which One Best Fits You? - read the blog
Is Roth IRA Money Taxed Twice? Watch the latest YMYW Extra
Schedule a free financial assessment
Ask Joe & Big Al for your Retirement Spitball Analysis
Timestamps:
00:00 - Intro
00:49 - How to Minimize Sequence of Returns Risk When Spitballing Retirement in the Expensive Kid Years? (Jaclyn Smith)
17:18 - Collect Social Security Early at Age 63, Then Switch to Spousal Benefits at Age 70? (Vern, Beautiful Portland Oregon)
23:30 - Will 2026 Catch-Up Contributions to Roth Be Subject to Pro-Rata Rule? (Matt, TX)
23:47 - Should We Do Roth Conversions? What About Medicare IRMAA? (Tom & Amy, Northern MN)
31:51 - The Derails
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Market declines just before you retire or early in your retirement can really screw up your |
| 0:05.5 | retirement income strategy. If you're in the middle of the expensive kid years, how do you |
| 0:10.7 | avoid this sequence of returns risk when making your retirement plans? That's Jacqueline's |
| 0:15.7 | question today on Your Money, Your Wealth podcast number 485. Plus, can Vern's wife collect Social Security at age 63, then switch to spousal benefits at age 70? |
| 0:26.6 | Matt wants to know if 2026 catch-up Roth contributions will be subject to the pro rata rule. |
| 0:32.6 | And Tom and Amy are trying to figure out how to avoid Medicare's monthly income-related adjustment |
| 0:38.1 | amount or Irma in their plan for Roth conversions. I'm producer Andy Last and here are the hosts |
| 0:43.7 | of your money, your wealth, Joe Anderson, CFP, and Big Al Clopine CPA. We got high Joe Big Al |
| 0:50.4 | in Andy Last, but not least. That's kind of a little catchphrase now nowadays. |
| 0:56.4 | Yep. |
| 0:57.3 | Andy, I'm giving myself the alias of Jocelyn Jacqueline. |
| 1:02.2 | Jacqueline Smith. |
| 1:03.2 | Jacqueline Smith. |
| 1:04.3 | All right, Jacqueline Smith. |
| 1:05.9 | Because I always wanted to be here when we were playing Charterleys Angels growing up. |
| 1:09.5 | My drink of choice is Mickelope Ultra. |
| 1:11.3 | My husband's is a little Budweiser. |
| 1:13.3 | He's a Budweiser drinker. |
| 1:14.7 | Yeah. |
| 1:15.9 | I tell him myself that Mick Ultra is a drink of choice for athletic people to make me feel better. |
| 1:23.1 | But I'm about six to 12 deep on the weekend. |
| 1:25.9 | Oh, Jacqueline. |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2025.