Description
In this episode Mark updates listeners on his personal housing situation and discusses the recent challenge accessing his Charles Schwab account amid market volatility and emphasizes the importance of understanding market volatility.
He discusses a recent Wall Street Journal article and Vanguard research highlighting common mistakes that cost retirement savers billions. Mark further explores IRA rollover rules under the SECURE Act and clarifies the complexities around required minimum distributions for inherited IRAs.
Episode Links:
Mark’s Money Mind YouTube Channel
The Simple Path to Wealth by JL Collins
A Guided Meditation for When the Stock Market Is Dropping
The 401(k) Rollover Mistake That Costs Retirement Savers Billions
Improving Retirement Outcomes by Default: The Case for an IRA QDIA
Untangling the IRS’s New Finalized (and Proposed) Regulation on RMDs: The 10-Year Rule, Trust Beneficiaries, Spousal Beneficiaries, Annuities, and More!
Timestamps:
00:27 House Sale and Relocation Update
03:20 Preparing for an International Trip
04:46 Recent Market Volatility and What to Do
07:08 401k Rollover Mistakes
17:35 Understanding Inherited IRA Rules
31:16 Wrapping It Up
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