ACA Premium Tax Credit, Social Security Scam, Backdoor Roth Contributions, Inherited Pre 1987 401k – Q&A #1933

August 31, 2019

ACA Premium Tax Credit, Social Security Scam, Backdoor Roth Contributions, Inherited Pre 1987 401k – Q&A #1933

Laila Dillsi, CPA and Jo Madonna, E.A. join Jim and Chris to answer a question about the ACA Premium Tax Credit. Then the guys address questions about accessing your Social Security account, backdoor Roth contributions, and an Inherited 401k from pre 1987.

8:57 Laila offers some clarifications for a listener with a question about her Premium Tax Credit article.

29:08 Chris addresses the many emails he receives from people who are having difficulty accessing their online Social Security accounts.

33:36 Jim and Chris discuss a recent phone scam claiming that your Social Security account has been suspended due to suspicious activity or fraud. They walk through what to do if you did fall victim to this scam and offer an important reminder that the Social Security Administration will never call you, they only communicate via mail.

51:39 The guys answer a Florida listener’s question about “backdoor Roth Contributions”.

1:02:56 A live caller from Ohio with a question about an Inherited 401k with a portion under after-tax pre 1987 rules.

 

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Jim Saulnier, Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of: CO, IA, IN, MA, NY, TN, TX, WI and WY. No offers may be made to or accepted from any resident outside the specific states mentioned. Jim Saulnier, Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning services offered through Jim Saulnier and Associates, LLC., a Registered Investment Advisor. Cambridge and Jim Saulnier & Associates, LLC are not affiliated.