Original publish date April 9, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed. In episode 20 of the YMYW podcast, Big Al and Joe share four retirement account loopholes that could close soon. Plus, what you need to know about the recent changes to Social Security and how that could have a huge impact on your retirement. 00:00 - Intro 01:54 - "You don't have to sell your stocks when you do a required distribution" 03:53 - "If you have saved a lot of money in your retirement accounts, you have to start pulling it out starting at age 70 ½" 06:44 - "We think Roth IRA planning is significant, because if you can control the amount of money that is tax-deferred that will come out as ordinary income versus tax-deferred that will come out tax-free, those are two different animals" 11:14 - "The government is changing the rules on how you can claim your [Social Security] benefits, and the deadline is just around the corner" 14:10 - "If you turned 62 years old by 12/31/16, you still qualify to take a restricted application" 21:24 - "The longer you wait [to retire], the better off you'll be from an income standpoint" 26:19 - "You have more control over how much you pay in taxes in retirement than any other time in your life" 34:53 - "Taxes don't stop when your paycheck does, and a lot of people don't realize that"