HSA to Roth, RMD Investing, and Social Security Strategies - 429
Can you convert your health savings account (HSA) to Roth, and do the five-year Roth withdrawal clocks apply? That’s today on Your Money, Your Wealth® podcast 429 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, what should you do with money you’d been putting to your student loan debt if you’re part of the student loan forgiveness program? What’s the best way to invest your RMDs, or required minimum distributions? How does IRMAA, the income-related monthly adjustment amount for Medicare, apply to zero-coupon municipal bonds? And finally, strategies for collecting survivor Social Security benefits. Podcast show notes, free financial resources, episode transcript: https://bit.ly/ymyw-429
00:00 - Intro
00:49 - Can I Convert a Health Savings Account HSA to Roth IRA and Do the 5-Year Rules Apply? (Philip)
07:49 - My Student Loans Were Forgiven. Now Should We Contribute to Roth 403(b)? (Pete, Winston-Salem, NC)
14:44 - Schedule a free financial assessment: https://purefinancial.com/lp/free-ass...
15:37 - How Should I Invest Required Minimum Distributions? (Judy, San Diego)
21:28 - Watch the Debt Ceiling and the Dollar:https://purefinancial.com/ask-pure/de...
Talking About Recessions - Read the blog: https://purefinancial.com/learning-ce...
22:17 - How is IRMAA for Medicare Applied to Zero Coupon Municipal Bonds? (Jimmy)
26:40 - 62 and Widowed: Claim Survivor Social Security Benefits Until Age 67? (Mark, Burke, VA)
30:11 - Is Signing Up for Social Security Just Pretty Much Straight Forward? (Michael)
32:09 - The Derails
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CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period. #SocialSecurity