Can Beth and Rip retire early, spend more, and Die with Zero? When should they claim Social Security? Forrest and Jenny have 10 rental properties at age 31. Can they retire at age 50? (And what makes you a real estate professional from a tax perspective?) Plus, what are the rules for spousal IRA contributions and required minimum distributions? Memphis wants to know. Joe Anderson, CFP® and Big Al Clopine, CPA spitball for YMYW audience members who are definitely not fictional characters, today on Your Money, Your Wealth® podcast number 540.
Free financial resources & episode transcript: https://bit.ly/ymyw-540
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Timestamps:
00:00 - Complete the 8th Annual YMYW Podcast Survey for your chance at a $100 Amazon e-gift card!
00:35 - Intro: This Week on the YMYW Podcast
01:13 - Can We Retire Early, Spend More, and Die With Zero? When Should We Collect Social Security? (Beth and Rip, FL - voice)
12:06 - Watch Retirement Panic Button: 7 Ways to Avoid Hitting It on YMYW TV
Calculate your Financial Blueprint
Schedule a Free Assessment
13:41 - We Have 10 Rental Properties at Age 31. Are We on Track to Retire at Age 50? (Forrest and Jenny, Cherry Hill, NJ - voice)
20:04 - Spousal IRA Contributions and RMD Rules (Memphis)
32:23 - YMYW Podcast Outro