Today on Your Money, Your Wealth® podcast 318 with Joe Anderson, CFP® and Big Al Clopine, CPA: Spitballing firefighters’ retirement: deferred option retirement plans (DROP), HSA (health savings) vs. HYSA (high yield savings), and hear why YMYW always comes back to backdoor Roth IRA. Speaking of Roths, can you do a Roth conversion ladder with inherited IRA money? The fellas also break down required minimum distributions (RMDs) and they talk (or in Joe’s case, rant) about variable annuities and indexed annuities. Access the transcript & financial resources, ask money questions:

00:00 – Intro
00:49 – Firefighter Deferred Retirement Option Plan (DROP) Spitball Analysis (Todd, Williamsport, MD)
10:06 – Should I Convert My Thrift Savings Plan (TSP) to an Indexed Annuity? (Ben, Chula Vista, CA)
15:18 – Clarification on Capital Gains vs. Ordinary Income (Dr. James, Serra Mesa, CA)
19:35 – Firefighter Retirement Spitball Analysis (Johnny, NJ)
32:20 – Can You Do a Roth Conversion Ladder With Inherited IRA Funds? (Landshark, Twitter)
35:59 – How Can We Reduce the Tax Hit from Required Minimum Distributions (RMDs)? (Tom, Baton Rouge, LA)
41:32 – Can I Defer RMDs Until I’m 75? (Trevor)
42:41 – Does a Mortgage Refinance Count Toward the Social Security Income Limit? (Frank)

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• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
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