What Are the Rules for Taking Money From a Roth IRA? - 444

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

🗓️ 29 August 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Charles has had it with Joe and Big Al stumbling through the Roth 5-year rules, so he explains to Joe and Big Al, once and for all, the rules for withdrawing money from a Roth IRA. Plus, is Shane missing any retirement risks before he retires early at age 55? Nick wants to know if employers are required to adopt all of the provisions in the SECURE Act 2.0, or if they can pick and choose which to implement, like they can with the rule of 55? Plus, how can Stew offset huge capital gains on the sale of an inherited house, and we revisit whether George can move investments in-kind from an inherited trust to a brokerage account.

Timestamps:

01:57 - Roth IRA 5-Year Rules for Withdrawals Explained (Charles)
10:39 - Any Retirement Risks I’m Missing Before I Retire at Age 55? (Shane, Chester County, PA)
16:42 - Do Employers Have to Adopt All of SECURE 2.0? (Nick, OH)
21:10 - How to Offset Huge Capital Gains Taxes on the Sale of an Inherited House? (Stew, Clairemont)
25:49 - Can I Move Investments In-Kind From Inherited Trust to Brokerage Account? (George, KS - from ep. 433)
34:02 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-444

EASIRetirement.com - new free retirement calculator!
5-Year Rules for Roth IRA Withdrawals Guide - free download
SECURE Act 2.0 Guide - free download
6th Annual YMYW Podcast Survey - one randomly-chosen participant will win a $100 Amazon e-gift card!
Episode Transcript
Ask Joe & Big Al On Air for your Retirement Spitball Analysis

Transcript

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1:01.4	Charles has had it with Joe and Big Al stumbling through the Roth five-year rules. So today on
1:06.5	your money, your wealth podcast 444, he explains to the fellows once and for all the rules for
1:12.3	withdrawing money from a Roth IRA. Plus, is Shane missing any retirement risks before he retires
1:18.2	early at age 55? Nick wants to know if employers are required to adopt all of the provisions
1:23.7	in the Secure Act 2.0 or if they can pick and choose which to implement like they can
1:28.1	with the rule of 55. How can Stu offset huge capital gains tax on the sale of an inherited house?
1:34.4	And we revisit whether George can move investments in kind from an inherited trust to a brokerage
1:39.8	account. Visit Your Money, Your Wealth.com and click Ask Joe and Al on air to get your retirement spitball analysis, to ask your money your wealth.com and click ask joe and al on air to get your retirement spitball
	...

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