Rewrite On Your Money, Your Wealth® podcast 234: The revamped 2019 tax “postcard,” how the SECURE Act could pose a tax problem for those with IRA trusts, and answers to your money questions: is indexed universal life insurance a good investment for education costs? Should you roll your 401(k) to an IRA? How much can you convert from 401(k) to Roth after age 70 and a half? Will you go to jail for filing your taxes before receiving form 5498?
** Rules for stretch IRAs did indeed change in 2020! Learn more: http://bit.ly/PureSECURE **
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Transcript, free financial resources and show notes: http://bit.ly/YMYW-234
01:08 – The 2019 Revamped Tax “Postcard”
08:33 – SECURE Act: Discretionary vs Conduit IRA Trusts
16:15 – Indexed Universal Life Insurance for a College Savings Investment (Marcus, Alabama)
28:25 – Should I Roll My 401(k) to IRA? (Email from Connie)
32:50 – How Much Can I Convert from 401(k) to Roth IRA at Age 73? (Email from Terry, San Diego)
36:53 – I Received Form 5498 After I Filed My Taxes. Am I Going to Jail? (Clint, FL)
39:58 – YMYW Compliments & Complaints: A Followup
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