Original publish date April 2, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed. Episode 17 of the YMYW podcast, Big Al and Joe answer the most commonly asked questions about taxes, IRAs, 401ks and Roth IRAs. Plus, their favorite tax strategies.

00:00 - Intro

04:02 - “If you’re married and one spouse is still working, you can still contribute to a Roth or IRA because of the non-working spouse election”

07:45 - “If I’m full retirement age and I’m still working, I think it makes more sense to delay to get the 8% delayed retirement credit”

10:28 - “What is the optimal long-term investment vehicle when someone has maxed out all tax-advantaged accounts?”

18:16 - “Let’s say you have an IRA and you have stocks inside this IRA, and some of these stocks have gone down in value. Should you take your RMD from these stocks?”

21:29 - “An RMD is a required minimum distribution that you have to pull out of a retirement account if it’s an IRA if you’re over 70 ½”

25:38 - “When markets are down, Roth IRA conversions are a phenomenal strategy”

29:59 - “Your upfront contributions to a Roth IRA are tax deductible – true or false? False. They are not tax-deductible, they grow 100% tax-free though”

33:45 - “There is no age limit for contributing to a Roth as long as you or spouse have earned income to contribute”

37:25 - “The bottom line is if you’re not contributing money to a Roth IRA or converting money to a Roth IRA, you’ve got to be looking at this because tax rates may be going up in the future”