Today on Your Money, Your Wealth® podcast #313 with Joe Anderson, CFP® and Big Al Clopine, CPA, a retirement plan spitball analysis for an engineer wondering if he can afford to retire, required minimum distribution questions answered, and discussion on when to stop contributing to tax-deferred accounts, when to start Roth conversions, and a conversion strategy for someone with no income. Plus, “conversation” – not advice – about Joe’s possible wallet syndrome, and a limerick and music from Paul Lemire. Access the transcript and financial resources, ask your money questions: 

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00:00 – Intro
00:53 – Am I Financially Ready for Retirement? Retirement Plan Spitball Analysis (David, Sacramento)
13:48 – Coronavirus Related Distribution Repayment and Roth Contribution Withdrawals into SIMPLE IRA (Johnny No Dough)
22:16 – Roth Conversion Strategy with No Income? (Jeremy, Cookeville, TN)
26:17 – Required Minimum Distributions: Substantiation of Basis? (Karen)
28:59 – When to Stop Contributing to Tax-Deferred Accounts? (Andy)
38:10 – RMDs: When and What Percentage Do I Have to Take from Retirement Accounts? (Denis)
39:38 – Should I Start Roth Conversions? (Rich, Long Island)
44:40 – Advice for Joe’s Butt (Kenny, Granite City, IL)
51:07 – Limerick and Music from Paul Lemire

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