Podcasts Business Investing Your Money, Your Wealth Spitballing Retirement During the Expensive Kid Years - 485

Spitballing Retirement During the Expensive Kid Years - 485

Published: June 11, 2024, 11 a.m.

Market declines just before you retire, or early in your retirement, can really screw up your retirement income strategy. If you\u2019re in the middle of the expensive kid years, how do you avoid this sequence of returns risk when making your retirement plans? That\u2019s \u201cJaclyn Smith\u2019s\u201d question, today on Your Money, Your Wealth\xae podcast 485 with Joe Anderson, CFP\xae and Big Al Clopine, CPA. Plus, can Vern\u2019s wife collect Social Security at age 63, then switch to spousal benefits at age 70? Matt wants to know if 2026 catch-up Roth contributions will be subject to the pro-rata rule, and Tom and Amy are trying to figure out how to avoid Medicare\u2019s monthly income-related adjustment amount, or IRMAA, in their plan for Roth conversions. Free financial resources and transcript: https://bit.ly/ymyw-485

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Timestamps:

00:00 - Intro

00:49 -\xa0How to Minimize Sequence of Returns Risk When Spitballing Retirement in the Expensive Kid Years? (Jaclyn Smith)

17:18 - Collect Social Security Early at Age 63, Then Switch to Spousal Benefits at Age 70? (Vern, Beautiful Portland Oregon)

23:30 - Will 2026 Catch-Up Contributions to Roth Be Subject to Pro-Rata Rule? (Matt, TX)

23:47 - Should We Do Roth Conversions? What About Medicare IRMAA? (Tom & Amy, Northern MN)

31:51 - The Derails