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In episode 37 of the YMYW podcast, Joe Anderson, CFP\xae and Big Al Clopine, CPA answer questions on investing for retirement, and they share strategies for managing your portfolio during an election year. Original publish date June 11, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro
06:32 - \u201cWhen you inherit a retirement account, it blows up on the heirs because it\u2019s [taxed at] ordinary income for the heirs\u201d
08:20 - \u201cWith this Bipartisan Policy Center, one of the things they want to do is get rid of the stretch IRA\xa0because it\u2019s really a pretty good deal\u201d
12:20 - \u201cCan an SEC licensed broker-dealer transfer your 401(k) account into an IRA without your permission?\u201d
13:38 - \u201cYour retirement accounts are separate properties\u2026there\u2019s no such thing as a joint retirement account\u201d
18:54 - \u201cI am 47 years old. I have around $100K in a Traditional IRA. I haven't contributed anything in that account for a long time now. My current job offers a 457 and 401a plan, which I try to contribute to every paycheck. Should I transfer my Traditional IRA funds to my job's 401a or 457 account? What are the tax consequences of that transfer? Should I just keep my Traditional IRA and use it until I retire? If I transfer that money to the 457 or 401a account, should I do it in a one time transfer or installment transfers (in 5 or so years for less of a tax penalty)?
19:57 - \u201cThere\u2019s no reason to roll the IRA in the plan. I will give you an advantage.. but let\u2019s say you decide to keep it separate \u2013 there are advantages to that but probably the main one is you have more investment choices when it\u2019s in an IRA\u201d
21:44 - \u201cOne benefit of the 457 plan is that you can take that money out at any age\u201d
23:47 - \u201cI have read about the presidential election cycle and am curious as to what actions I should be taking in terms of my asset allocation. When should I take those actions? How conservative would you recommend I become prior to the election? What are the most effective portfolio management strategies you would recommend in order to maintain or at least mitigate risk? I am a small time investor. I work with a small amount in an online brokerage account as well as accounts with companies such as Acorns and Betterment. I do have the ease and benefit of diversifying risk away (referring to the Modern Portfolio Theory)\u201d
25:22 - \u201cHere\u2019s my answer: there\u2019s no evidence that there\u2019s any sort of market swing one way or another with a presidential election. It can happen and it may happen but there\u2019s no reason to make any drastic changes in your portfolio just because of that\u201d
29:42 - \u201cMy wife and I are 83 years old. We will sell our home for about $400,000. Will we pay capital gains tax when moving to an apartment for $2,500/month?\u201d
31:56 - \u201cIt\u2019s June and I have not taken my RMD (required minimum distribution). Should I let the funds grow until end of the year or take average withdrawals until end of the year?\u201d
33:34 - \u201cI am 69 years old. My husband is 71 years old. We cannot afford the note on our home with our retirement income. We have two annuities. One for $300,000 and one for $600,000. Both are about 3-6 years old. I want to know if I cash in the $300,000 annuity, what kind of penalties and taxes will I have to pay?\u201d
34:00 - \u201cThe first question you should ask yourself is: is the annuity in a retirement account or not? If not, every dollar you pull out is fully taxable\u201d