Transcript: Easan Arulanantham: Do my Required Minimum Distributions affect my Medicare premiums? Tom Vaughan: Yeah, yeah, it’s really interesting. So here’s some scenarios that I’m running across. And I think this is a really important future looking concept is that people have saved all of this money in their retirement plans, mostly 401k. Ks, we
Transcript: Easan Arulanantham: So you mentioned supply chain issues. And it’s you we always see them in the news for like the future, you know, the past year, you could say, how will they affect my future like my investments in the future? Tom Vaughan: I actually think, ironically, that supply chain issues are going
Transcript: Easan Arulanantham: The rates, are you the Fed is announced, you know, seven times they’re gonna increase rates? Should I start to move away from growth stocks and lower my maybe my growth stocks to value stocks in my portfolio? Tom Vaughan: Yeah, I think a couple things are there that are important to
Transcript: Easan Arulanantham: How much money do I need to pull from my retirement accounts to live comfortably? So a bit of a loaded question, but we can try our best to answer it. Tom Vaughan: Yeah, that’s an interesting question that how much money do I need to pull from my retirement accounts to
Transcript: What is a backdoor Roth? And what are the steps to do it? I can grab this question. Okay, so a backdoor Roth is the idea is that you have an IRA account, and you add, it’s an empty IRA account, and you add non deductible funds into it. And then a later time,
Transcript: With tax brackets changing in 2025? Should I consider Roth conversion? accelerating it? Or should I keep kind of the same pace? Yeah. Okay. So essentially, what’s happening is the tax brackets that exist right now are designed to sunset in 2025. And they’re going to go back to the tax brackets that we
Transcript: Easan Arulanantham: You know, is there any time like a best time of the year to take your arm DS? Tom Vaughan: Yeah, this is this a question that came in, actually, earlier this week. And we were looking at this and a majority of our clients take their RMDs at the end of
Transcript: Easan Arulanantham: Where should I take my money from in retirement? First, you know, which account should I, you know, withdraw from? And, you know, should it be my IRA? Since it’s like specifically made for retirement right? Should I be taking that money first from my IRA? Tom Vaughan: Yeah, we often talk
Transcript: Easan Arulanantham: Does the rising energy costs effect you know, the Federal Reserve’s rate increases, you know, is like our accelerate it because inflation will spike alongside with rising energy costs. Tom Vaughan: Yeah. So, you know, we had, we had a 7.5% increase in inflation, and on the last report, year over year,
Transcript: Easan Arulanantham: What kind of accounts can I regularly put money into for retirement? Tom Vaughan: Go? Okay, well, there’s probably some pieces of that that would be interesting to know, in terms of just the, you know, when you say for retirement, most people think about, I guess what I call traditional retirement