#167 - Q&A edition...basis in inherited IRAs, Social Security break even analysis, coordinating RMDs and Roth conversions and MORE!

Retirement Planning Education, with Andy Panko

Listener Q&A where Andy talks about:

• How to account on your tax return for the basis in inherited IRAs ( 7:00 )
• Is having large Required Minimum Distributions ("RMDs") really a bad thing ( 12:04 )
• Is there any merit to using a break-even analysis to help decide when to start Social Security ( 15:59 )
• When does it make sense for someone to consider working with a financial advisor ( 18:14 )
• Are Roth contribution and conversion rules the same across all of the various types of employer retirement accounts like 401(k)s, 403(b)s, TSP, etc. ( 26:18 )
• Are there separate five-year holding periods for Roth conversions done in employer retirement plans ( 27:37 )
• Do in-plan Roth conversions each have their own five-year holding period to waive the 10% early withdrawal penalty ( 30:36 )
• Can Roth conversions be done before taking any distributions or doing Qualified Charitable Distributions ("QCDs") in the year someone turns RMD age ( 31:49 )
• If receiving Restricted Stock Units ("RSUs") or deferred compensation in years after you stop working, is that considered earned income eligible for making Roth IRA contributions ( 34:38 )
• Does taking a really large Health Savings Account ("HSA") distribution make you a higher audit risk in the eyes of the IRS ( 39:19 )
• Is there a way to invest in broad stock market exposure but without the ongoing dividends such index fund pay out ( 42:27 )
• Does the progress toward meeting the five-year rule within an employer Roth retirement plan port over to a Roth IRA or other employer Roth plans when doing a rollover, or vice versa ( 46:08 )
• How to plan and account for an inheritance that a person is rather certain to receive, but the timing of receiving it isn't certain ( 49:43 )

To send Andy questions to be addressed on future Q&A episodes, email [email protected]

Links in this episode:

• My company newsletter - Retirement Planning Insights
• Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
• YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
• Retirement Planning Education website - www.RetirementPlanningEducation.com