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Joe Anderson, CFP\xae and Big Al Clopine, CPA discuss the good, the bad and the ugly of baby boomers\u2019 retirement plans in episode 64 of the YMYW podcast. Plus, Big Al quizzes Joe on retirement and investing questions. Original publish date September 10, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.\xa0

00:00 - Intro

03:30 - \u201cThere is talk about how to fix Social Security. I personally think what they\u2019ll do is they\u2019ll raise retirement age; they may raise the rates, or the amount we put in Social Security...\u201d

08:49 - \u201cHow will you make your money work for you while reducing your risk? How will you avoid the retirement tax trap that we\u2019ve been talking about that could cost you thousands of needless taxes?\u201d

16:10 - \u201cThere are ways that you can increase your possibility of working longer; one is staying healthy, one is performing well at your current job\u2026going back to school and learning new skills.\u201d

18:07 - \u201cAs you near retirement, tax planning becomes more important than ever, but you must use a forward-looking tax strategy.\u201d

21:42 - \u201cTrue or false? If you take your Social Security benefit early, you\u2019ll lock in reduced monthly payments for life.\u201d

24:08 - \u201cAt what age do you qualify for the maximum Social Security retirement benefit? 68, 70 or 72? If you wait until age 70 you get the maximum benefit.\u201d

30:22 - \u201cHow do I avoid filing a trust return every year?\u201d

33:27 - \u201cI am a non- U.S. citizen living outside the U.S. and trading stocks through a U.S. internet broker. Do I have to pay taxes on the money I earn?

34:22 - \u201cHow do Roth IRAs gain interest?\u201d