Things That Make You Go Hmm – RMD Rules, IRA Mistakes, and Tax Court Surprises: EDU #2512

The Retirement and IRA Show

Jim Saulnier, CFP® & Chris Stein, CFP®

Business, Investing

4.3 • 730 Ratings

🗓️ 19 March 2025

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chris’s Summary:
This week’s EDU show is a throwback to an old favorite—things that make you go “hmm.” Jim brought back a list of oddities from the latest Ed Slott training, covering everything from RMD rules the IRS only recently addressed to real-world court cases involving bankruptcy, lottery tickets, and IRA self-dealing gone wrong. Turns out, there are plenty of IRA mistakes you can make—some more ridiculous than others.

Jim’s “Pithy” Summary:
It’s another round of “things that make you go hmm,” straight from my latest trip to Ed Slott’s two-day training. These are the kinds of cases and quirks that catch my attention—some because they’re important, some because they’re just bizarre, and some because they make you wonder why no one’s brought them up before.

Ever wonder what happens if your IRA balance drops so low that you can’t take your full required minimum distribution? Turns out, the IRS finally put something in writing—but it took them long enough to address it.

Then there were some real-world case studies that left me shaking my head. One involved an all-or-nothing gamble with an IRA that didn’t go as planned. Another showed how trying to get too creative with IRA-owned real estate can backfire in a big way. And here’s one you probably haven’t thought about—doing an in-plan Roth conversion in your 401(k) might have unintended consequences that could close the door on a major tax strategy.

We’ll also talk about a handy tool for checking state estate and inheritance taxes—because where you live (or where you move) could have a bigger impact than you think.

Hope you enjoy the mix of useful, surprising, and “you’ve got to be kidding me” moments!

The post Things That Make You Go Hmm – RMD Rules, IRA Mistakes, and Tax Court Surprises: EDU #2512 appeared first on The Retirement and IRA Show.

Transcript

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0:00.0	The retirement and IRA show represents the words and views of the show hosts exclusively and should not be construed as investment legal or tax advice. All information is believed to be from reliable sources. However, we make no representation as to its completeness or accuracy. All economic and performance information is historical in nature and is not indicative of any future results. Any indices mentioned on the show are unmanaged and cannot be invested indirectly. Diversification and asset allocation strategies do not assure profit or protect against loss.
0:23.7	Never make any investment or financial decisions based on information offered on this show
0:26.8	without first consulting your financial legal or tax advisor.
0:29.6	Financial planning services offered through Jim Solnior and Associates LLC, a registered investment advisor.
0:46.9	This is the retirement and IRA show coming to you from beautiful Northern Colorado.
0:52.6	Join us as certified financial planner Jim Sawnier, as well as Colorado State University finance instructor and certified financial planner
0:55.3	Chris Stein teach you about IRAs, borrow-en-case, annuities, social security, pension plans,
1:02.0	and estate planning in a fun and enjoyable show. Whether you are listening live in Colorado
1:07.1	or streaming from their website or iTunes podcast, Jim and Chris want you to know that they're
1:12.4	available to help you plan for your retirement. Just visit their website at JimHelps.com. That's Jim,
1:19.1	h-E-L-P-S dot com, and click the Meet the Team button on the homepage. Now here's Jim and Chris
1:25.9	with today's show.
1:33.3	Well, hello and welcome to the Retirement and IRA show,
1:40.8	EDU edition for this week. This week's show, I'm going to call kind of a throwback show.
1:47.2	Those of you who are longtime podcast listeners will recognize the following.
1:55.5	Things that make you go. Hmm. So we're pulling out the old soundboard for some effects here. And this is going to be a things that make you go hmm show as a bit of an extension on last week.
2:02.8	In that last week we went through the Ed Slot training program test and kind of a sampling of those questions in a challenge format with Jake and Jim and I.
2:15.9	Today is going to be things that make you go, hmm, topics that Jim has also harvested from
2:23.0	the latest Ed Slot training.
2:26.9	So, yeah, I thought it'd break out the old sound effect and have a nostalgia show for the day.
2:33.4	So Jim, back in Colorado now.
2:36.4	So not that that matters.
	...

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