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Joe Anderson CFP\xae and Big Al Clopine, CPA answer real life investment questions for retirees and pre-retirees. Plus, 10 retirement statistics that might scare you. Joe and Al close the hour with a quiz on taxes - how will you fare? Original publish date May 21, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

01:56 - \u201cGoBankingRates.com finds that more than half of Americans have less than $10,000 saved for retirement\u201d

04:55 - \u201cCan I roll over an old 401(k) to fund my child\u2019s 529 plan?\u201d

09:05 - \u201cCan I use tax money owed from my IRA to pay credit card debt?\u201d

12:47 - \u201cWe want to sell my parents\u2019 house and my sister just wants to take over my payments. Do we get any of the money we\u2019ve already put into the house back?\u201d

18:17 - \u201cIf you know a few simple [tax] strategies you can save a lot of taxes in retirement\u201d

19:39 - \u201cCould I convert my IRA to a Roth and use the interest tax credit to reduce my tax liability on a transfer?\u201d

25:28 - \u201cWhat can we do if my ex-husband is trying to get his 401(k) to cash out from his previous employer but they are refusing to give it to him?\u201d

30:57 - \u201cIf you ever get a call from the IRS, hang up and if you think it\u2019s valid, then call them yourself to make sure you\u2019re actually talking to the IRS\u201d

36:14 - \u201cI hear this all the time \u2013 the rich don\u2019t pay any taxes \u2013 I can tell you, I\u2019ve been preparing returns for 30 years, that is not true. The rich pay a lot of taxes\u201d