{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Social Security Timing and When Family Wrecks Retirement - 564","description":"Hana\u2019s mom is 92. Mom\u2019s husband is 74, and after years of trying to help a family member, nearly a million dollars is gone. How do they stop the bleeding before it\u2019s too late, and how much can they spend each year from what\u2019s left? That\u2019s today on Your Money, Your Wealth\u00ae podcast number 564 with Joe Anderson, CFP\u00ae and Big Al Clopine, CPA. Plus, &quot;Peter and Gwen&quot; from Virginia have a pension, Roths, and a shrinking IRA. With the new tax law, IRMAA, and Social Security decisions all colliding, should they keep converting to Roth, and when should they actually collect Social Security? Also, does it make sense for &quot;Mr. and Mrs. Scarecrow&quot; to claim Social Security early and invest it? Finally, &quot;Rosie and Astro&quot; from Pennsylvania ask if they can retire in just three years with $1.3 million, and whether it's time to hire an advisor to help them get there. Free Financial Resources in This Episode: https:\/\/bit.ly\/ymyw-564 (full show notes &amp;amp; episode transcript)  Social Security Handbook  Retirement Readiness Guide  6 Biggest Financial Pitfalls in America (Avoid These Traps!) - YMYW TV  Financial Blueprint (self-guided)  Financial Assessment (Meet with an experienced professional) REQUEST your  Retirement Spitball Analysis DOWNLOAD  more free guides READ  financial blogs WATCH  educational videos SUBSCRIBE to the  YMYW Newsletter &amp;nbsp; Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings &amp;nbsp; Chapters: 00:00 - Intro: This Week on the YMYW Podcast 02:21 - Family Wrecking Retirement: How Much Can Benevolent Retirees Afford to Spend? (Hana) 10:30 - We Have a Pension. Should We Do Roth Conversions After the OBBBA? When to Claim Social Security? (Peter Parker &amp;amp; Gwen Stacy) 23:29 - Should We Claim Social Security Early and Invest It? (Mr &amp;amp; Mrs Scarecrow) 29:56 - We\u2019re 60 and 57 with $1.3M. Can We Retire in 3 Years? Should We Hire an Advisor? (Rosie &amp;amp; Astro, PA) 41:04 - Outro: Next Week on the YMYW Podcast ","author_name":"Your Money, Your Wealth","author_url":"http:\/\/yourmoneyyourwealth.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/39694795\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/197384435"}