Financial Mailbag: Annuities, Mortgage Debt, and Spousal Roth IRAs

As we close out the year, we wanted to take the chance to answer a bunch of financial questions that we’ve received. It’ll give us the opportunity to cover a wide range of topics that will hopefully address an area of planning you’ve also been curious about. Before we get into these great questions, we’ll share a cautionary tale about a retiree who fell victim to an investment scam, losing nearly three-quarters of a million dollars. 

Here’s what we discuss in this episode:

0:00 – Intro 

0:36 – Retirement scam story

7:30 – Annuity withdrawal

11:07 – Paying off a mortgage

13:54 – Spousal Roth IRA 

17:02 – Mortgage tax deduction

18:13 – Income planning 

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Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM) a Registered Investment Advisor. Cravitz Financial & Insurance Solutions are independent of each other. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Ryan Cravitz and Cravitz Financial & Insurance Solutions are not affiliated with or endorsed by the Social Security administration or any other government agency.