Rapid Fire Listener Questions, Ep #76

<p>I love answering questions from you, my listeners. Each of you has unique situations and goals for your retirement and I understand that sometimes you need to hear someone speak directly to the specifics you’re facing. That’s why I’ve decided to answer listener questions. If you’d like to ask a question of your own, you can submit a question at the website (listed below). This episode I’ll cover as many topics as I can, rapid fire style.</p> <h2>You will want to hear this episode if you are interested in...</h2> <ul> <li>Juan asks about long-term care policy premium increases [4:14]</li> <li>If I don’t need the money from a RMD, can I do a Roth conversion? [7:32]</li> <li>When selling my home for a profit, how much taxes should I expect to pay? [8:46]</li> <li>Betsy and her husband differ on how to receive her husband’s pension [11:04]</li> <li>What’s the best way to pay for Medicare Part B premiums if not collecting SS? [14:03]</li> <li>Do you provide free second opinions, how does someone work with you? [17:31] </li> </ul> <h2>Should I expect an increase in my long-term care insurance?</h2> <p>You get a benefit after an “elimination” period (90 days). If you never use that care all the premiums you’ve paid into it have accrued no value, you’re paying for a “just in case” situation. Typically the premium you pay each year/quarter/month increases from year to year. But Juan’s experience has not been that, his policy premiums have not increased in the three years he’s owned the policy. That’s good news, but I wouldn’t advise that he count on that remaining true. Companies are known to increase their premiums over time, so you’d be better off to plan on it.</p> <h2>If your home increased in value and you’re selling, how much tax should you expect to pay on the sale? </h2> <p>Linda and her husband are downsizing and have plans to sell their home. The value of the home has appreciated over the years and they look to make a $400,000 profit. Good for them! She is curious how much tax they will have to pay on the pro