Social Security: Withdrawing Your Application vs. Suspending Your Benefit

January 16, 2016

What is the difference between withdrawing your Social Security application and suspending your benefit? Jim, Chris and Peter answer this email question from a listener. They also discuss why the Social Security Administration gives you options for your claiming date if you file for your benefit after your full retirement age. Among other topics, they clarify the tax basis on a Roth conversion, examine the new Private Letter Ruling prices (they’re going way up!),  and give some information on 401(k) to Roth 401(k) conversions.

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Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

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.