Brandon Renfro

1 week ago | smartasset.com | Brandon Renfro

When can a spouse who is older than the primary breadwinner claim spousal benefits? My wife, who was born in 1956, is six years older than me. She claimed her Social Security benefits at 62, three years before her full retirement age (FRA). Her check is under $400 per month, as she hasn’t worked in over 20 years and her salary was very low back in the 1980s–90s. I was born in 1962 and my FRA is 67, which I’ll reach in 2029. Does my wife have to wait until I retire to claim against my benefits?

2 weeks ago | lifestyle.q923radio.com | Brandon Renfro

I turn 59 in September 2025 and I plan to retire at 62 with no debt. I have $1.2 million in a traditional IRA and $200,000 in a workplace Roth 401(k). I have an emergency cash fund in a high-yield savings account. I earn $320,000 per year and annually contribute $30,000 to the Roth 401(k), plus I get a match on the first 6%. My only current debt is a $170,000 mortgage on a home worth $625,000. My wife and I will collect around $3,500 each month in Social Security at age 62.

2 weeks ago | yahoo.com | Brandon Renfro

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I turn 59 in September 2025 and I plan to retire at 62 with no debt. I have $1.2 million in a traditional IRA and $200,000 in a workplace Roth 401(k). I have an emergency cash fund in a high-yield savings account. I earn $320,000 per year and annually contribute $30,000 to the Roth 401(k), plus I get a match on the first 6%. My only current debt is a $170,000 mortgage on a home worth $625,000.

1 month ago | sg.finance.yahoo.com | Brandon Renfro

Brandon Renfro, CFP®, RICP, EA Mon, 26 May 2025 at 7:00 am GMT-5 5 min read Financial advisor and columnist Brandon Renfro SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I inherited an IRA from my mother who was already taking RMDs when she passed away. Am I required to take RMDs from the inherited IRA, or does the IRA simply need to be depleted by 10 years from the date of inheritance? I don’t have any special needs or disabilities.

1 month ago | smartasset.com | Brandon Renfro

My wife and I own five senior homes in our self-directed IRAs. How do we transfer them to our two sons after we die? Under the new IRS rules it appears that the boys have only 10 years to take the money out. The houses are worth about $1.75 to $2 million in total now. – JackYes, you are correct that most non-spouse beneficiaries are now required to withdraw the entire value of an inherited IRA within 10 years.