The Retirement Answer Man® Show

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Posts tagged IRA

#519 - Should I Withdraw from My IRA to Pay Off My Mortgage?

#519 - Should I Withdraw from My IRA to Pay Off My Mortgage?

One of our listeners actually has a better mortgage rate than me! However, as they begin to test their retirement budget they have found that the mortgage payment leaves that budget a bit tight. So they are wondering if they should pay off their mortgage early by withdrawing from their IRA. What would you do?

Listen in to hear my response in addition to several other listener questions. We’ll also catch up with Rosie from the last Retirement Plan Live. Press play to learn if she implemented any of the things we discussed and how her retirement has been over the past year.

PodcastsRoger WhitneyDecember 27, 2023listener questions, RPL, Rosie, mortgage, IRA, withdrawal strategies, retirement community, retirement plan live

#517 - The Ins and Outs of Donor-Advised Funds

#517 - The Ins and Outs of Donor-Advised Funds

Have you ever wondered how the subjects from our Retirement Plan Live series are doing now? Did everything turn out okay for them? Find out how Emma (from 2019 RPL) is doing on this episode of Retirement Answer Man.

In the listener questions segment you’ll learn about the Rule of 55, donor-advised funds, and contributing to a teen’s Roth IRA. Press play to listen.

PodcastsRoger WhitneyDecember 13, 2023listener questions, rule of 55, IRA, special needs trust, RPL, Emma and Luca

#515 - How Do I Refill My Retirement Income Floor?

#515 - How Do I Refill My Retirement Income Floor?

Have you been wondering what you’re supposed to do when it comes to refilling your retirement income buckets? So has Michael. In this episode, I’ll go into further detail about how to do that.

PodcastsRoger WhitneyNovember 29, 2023listener questions, investment income, IRA, Roth, Everplans, Kevin Lyles

#511 - Should I Continue to Own Bond Funds?

#511 - Should I Continue to Own Bond Funds?

Bonds are a ubiquitous part of a balanced portfolio and in recent years bond funds have become even more attractive to many investors. However, due to rising interest rates, bond funds are now losing their appeal.

One listener asks whether she should call it quits on her investment in bond funds. In this episode of Retirement Answer Man, Nichole and I will explore this and other questions from listeners like you.

Stick around to hear my conversation with Dr. Bobby Dubois about energy and our relationship with caffeine. Find out once and for all whether caffeine is as bad for you as they say.

PodcastsRoger WhitneyNovember 1, 2023listener questions, wisdom for our children, bond funds, IRA, HSA, Dr. Bobby DuBois

#489 - The 8 Pillars of Rocking Retirement: Non-Financial - Passion and Relationships

#489 - The 8 Pillars of Rocking Retirement: Non-Financial - Passion and Relationships

It’s time to wrap up the eight retirement pillars with the final two non-financial pillars: passion and relationships.

In this episode, you’ll learn why happy people always have projects and what you can do to get started building your own passion projects. You’ll also learn why it is so important to develop intentional relationships. Discover these final two non-financial pillars for a rocking retirement.

PodcastsRoger WhitneyJune 1, 2023the 8 pillars of rocking retirement, rollover, IRA, relationships, passion

#414 - How Will I Estimate What My RMD Will Be at Age 72?

#414 - How Will I Estimate What My RMD Will Be at Age 72?

Do you have a system for estimating what your future RMDs will be? Should you keep a mortgage or pay off the balance of your house in retirement? What should you do with the money that you withdraw to fill up your tax bracket? These are just a few of the questions that will be answered on this episode of Retirement Answer Man. Press play to check it out!

PodcastsRoger WhitneyDecember 22, 2021RMD, tax brackets, IRA, mortgage, 401k

#413 - Are I-Bonds a Smart Investment for My Retirement Portfolio?

#413 - Are I-Bonds a Smart Investment for My Retirement Portfolio?

Do you have a net worth statement that you update regularly? Whether or not you do, you’ll want to learn about the psychological benefits that this exercise can create. In this episode of The Retirement Answer Man show, we’ll discuss what a net worth statement is and how you can gain from creating one regularly.

You’ll also hear several listener questions that range from inherited IRAs to I-bonds, to SPIA annuities. If you are interested in rocking retirement, you’ll need to arm yourself with the knowledge to help you navigate this change in life. Listen in to get started on your retirement education journey.

PodcastsRoger WhitneyDecember 15, 2021investment portfolio, net worth statement, I-bonds, SPIA, IRA

#270 - You’re Retired! How to Use Your Accounts: Listener Questions, IRA, Roth, and 401K Management

#270 - You’re Retired! How to Use Your Accounts: Listener Questions, IRA, Roth, and 401K Management

IRA, Roth and 401K management can be confusing, that’s why I answer listener questions in the Practical Planning segment of this episode. This is the last episode of the How to Use Your Accounts series. You’ll definitely want to go back and listen to the entire series to help you familiarize yourself with the different types of retirement accounts and how to finally use them in retirement. Next month we’ll dive into how technology improves retirement. But for now listen to these listener questions about account management in retirement.

PodcastsRoger WhitneyApril 24, 2019IRA, Roth, 401(k), listener questions

#269 - You’re Retired! How to Use Your Accounts: Should I Convert My IRA to a Roth? And Other Conversion Questions

#269 - You’re Retired! How to Use Your Accounts: Should I Convert My IRA to a Roth? And Other Conversion Questions

You may be wondering, should I convert my IRA to a Roth? It’s hard to know when the time is right for a Roth conversion. So today we continue the discussion on how best to use your retirement accounts and plan your tax strategy. But first, in the Hot Topic session you’ll learn how important vision is to planning your retirement. So many people are stuck in the prison of their mindset. Listen to this episode to hear more about how important tax strategy is, whether you should convert your IRA to a Roth, and how to break free from your institutionalized mindset and really rock your retirement.

PodcastsRoger WhitneyApril 17, 2019IRA, Roth

#267 - You’re Retired! How to Use Your Accounts: The Basics of IRAs, Roth IRAs, and 401Ks

#267 - You’re Retired! How to Use Your Accounts: The Basics of IRAs, Roth IRAs, and 401Ks

You have been saving into your IRA’s, Roth IRA’s and 401K’s for years. But once you retire how should you get money out of them? Over the next few episodes, we are going to dive into your different retirement accounts so that you can fully understand them. It’s important to understand the difference between these accounts so that you can create a withdrawal strategy to minimize the tax implications. Are you ready to learn about the different types of retirement accounts so that you can rock retirement? Listen in to this episode of Retirement Answer Man, to hear the basics of IRA’s, Roth IRA’s, and 401K’s so that you can understand how to create a sound withdrawal strategy.

PodcastsRoger WhitneyApril 3, 2019IRA, Roth, 401(k)

#190 - How much you should have saved for retirement by now

#190 - How much you should have saved for retirement by now

Comparison is important to keep us on track with our goals but when we put all of our focus on our performance v.s. someone else's performance...we often become unhappy. Regardless of where you are in life or how much you have saved for retirement, comparison could be the death of joy. Listen to this week’s episode to hear my thoughts on how to stay on track without letting go of your joy.

PodcastsAaron GreenOctober 4, 2017401(k), assets, investing, IRA

20th century retirement is a 1972 Volkswagen Karmann Ghia

The old misconceptions about retirement are like a 1972 Volkswagen Karmann Ghia, uncomfortable, unreliable, and unsafe. Time to force them off the road.

blog postRoger WhitneyMarch 20, 2017IRA, paint-by-numbers retirement, rock retirement

#115 How to Decide Whether to Rollover Your 401(k) to an IRA

Should I rollover my 401(k) to an IRA? Most advisors say yes, but it’s not always the best idea. In this episode, we share what you should consider to make the choice that’s right for you.

PodcastsRoger WhitneyApril 19, 2016IRA, rollover

#95 - Make Sure You Know This About Your Inherited IRA

Today’s show is packed full of great retirement information for you to use to educate yourself on your own retirement planning.

PodcastsRoger WhitneyDecember 1, 2015IRA, inheritance

#82 Don't Let Bad Markets Change a Good Plan

When you change your investment strategy because of the markets, you’re changing horses midstream, and you could wind up in deep water! Roger’s got some great advice about how to stick to your plan, even though the current market situation seems shaky, on this episode of The Retirement Answer Man.

PodcastsRoger WhitneySeptember 1, 2015employee benefits, small business, IRA, stock market

Have You Taken Your Required Minimum Distribution Yet?

It seems each year people (including advisors) forget to take Required Minimum Distributions. That's bad. If you are required and forget, the IRS penalty is HUGE. By HUGE, I mean 50% of the amount you should have taken out. Ouch.

blog postRoger WhitneyNovember 21, 2014inherited IRA, IRA, Required Minimum Distribution

Can I Rollover My __________to My IRA?

According to the Bureau of Labor Statistics, "...baby boomers held an average of 11.3 jobs from ages 18 to 46." It's likely you've accumulated various retirement accounts throughout your career. A common question I get is "Can I rollover my (Insert type of account) to my IRA?"

blog postRoger WhitneySeptember 12, 2014401(k), IRA, rollover, taxes