<description>&lt;p class="p1"&gt;Should Suzanne in Michigan do Roth conversions in 2025 and 2026 since she’s widowed and won’t be married filing jointly? How should she pay the tax on her conversions? Jennifer in Washington state is 55 and her husband is 70. Should she retire now and do aggressive Roth conversions before her husband passes? We’re talking about the widow’s tax, today on Your Money, Your Wealth® podcast number 501 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, answers to questions from our YouTube viewers: what’s a brokerage account? What’s a good way to pay required minimum distirbution taxes? How does the 10 year rule work on inherited IRAs? What are extended market index funds? The fellas also spitball on the 4% rule for retirement withdrawals. Access all the free financial resources and the episode transcript: &lt;a href= "https://bit.ly/ymyw-501" target="_blank" rel= "noopener"&gt;&lt;strong&gt;https://bit.ly/ymyw-501&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;strong&gt;DOWNLOAD:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/white-papers/key-financial-data/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;strong&gt;2024 Key Financial Data Guide&lt;/strong&gt;&lt;/a&gt; &lt;strong&gt;for free&lt;/strong&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;strong&gt;WATCH:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ask-pure/cancel-the-noise-economic-and-market-impact-of-the-2024-election/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;strong&gt;Harris Vs. Trump - Cancel the Noise: Economic and Market Impact of the 2024 Election webinar&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;strong&gt;CALCULATE your&lt;/strong&gt; &lt;a href= "https://purefinancial.com/financialblueprint/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;strong&gt;Financial Blueprint&lt;/strong&gt;&lt;/a&gt; &lt;span class= "s1"&gt;&lt;strong&gt;for free&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p1"&gt;&lt;span class="s1"&gt;&lt;strong&gt;REQUEST: Ask Joe &amp; Big Al for your&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ymyw/ask-joe-and-al/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;span class="s2"&gt;&lt;strong&gt;Retirement Spitball Analysis&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt;&lt;span class="s3"&gt;&lt;strong&gt;SCHEDULE:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/lp/free-assessment/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;span class="s2"&gt;&lt;strong&gt;free financial assessment&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt;&lt;span class="s3"&gt;&lt;strong&gt;SUBSCRIBE:&lt;/strong&gt; &lt;a href= "https://www.youtube.com/playlist?list=PLaYddQ5LA8egnNwVr1qIkg8DDOeIbrCkI"&gt; &lt;span class="s2"&gt;&lt;strong&gt;YMYW on YouTube&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt;&lt;span class="s3"&gt;&lt;strong&gt;DOWNLOAD:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/white-papers/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;span class="s2"&gt;&lt;strong&gt;more free guides&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt;&lt;span class="s3"&gt;&lt;strong&gt;READ:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/learning-center/blog/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;span class="s2"&gt;&lt;strong&gt;financial blogs&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt;&lt;span class="s3"&gt;&lt;strong&gt;WATCH:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/ask-pure/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;span class="s2"&gt;&lt;strong&gt;educational videos&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt;&lt;span class="s3"&gt;&lt;strong&gt;SUBSCRIBE:&lt;/strong&gt; &lt;a href= "https://purefinancial.com/lp/newsletter-sign-up/?utm_source=LibsynDestinations&amp;utm_medium=EpDescription&amp;utm_campaign=YMYW-501"&gt; &lt;span class="s2"&gt;&lt;strong&gt;YMYW Newsletter&lt;/strong&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p class="p4"&gt; &lt;/p&gt;</description>

Your Money, Your Wealth

Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

How to Reduce the Widow’s Tax Penalty - 501

OCT 29, 202436 MIN
Your Money, Your Wealth

How to Reduce the Widow’s Tax Penalty - 501

OCT 29, 202436 MIN

Description

Should Suzanne in Michigan do Roth conversions in 2025 and 2026 since she’s widowed and won’t be married filing jointly? How should she pay the tax on her conversions? Jennifer in Washington state is 55 and her husband is 70. Should she retire now and do aggressive Roth conversions before her husband passes? We’re talking about the widow’s tax, today on Your Money, Your Wealth® podcast number 501 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, answers to questions from our YouTube viewers: what’s a brokerage account? What’s a good way to pay required minimum distirbution taxes? How does the 10 year rule work on inherited IRAs? What are extended market index funds? The fellas also spitball on the 4% rule for retirement withdrawals. Access all the free financial resources and the episode transcript: https://bit.ly/ymyw-501

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