IRAs, HSAs, Social Security, Annuities, IRMAA, and Secure Income: Q&A #2241

October 8, 2022

IRAs, HSAs, Social Security, Annuities, IRMAA, and Secure Income: Q&A #2241

Jim and Chris sit down to discuss listener questions relating to IRAs, HSAs, Social Security, annuities, IRMAA, and secure income.

(19:30) A couple of listeners ask about the advantages and disadvantages to funding an health savings account (HSA) with qualified distributions from an IRA.

(27:15) A listener wonders if the responsibility to “elect” or “request” the “Grace Year” for Social Security lies on the individual or the Social Security Administration (SSA).

(36:00) George from Pennsylvania looks for clarification on deferred income annuities (DIAs) and qualified longevity annuity contracts (QLACs).

(51:15) A listener asks for thoughts on how to plan for future IRMAA brackets.

(1:02:30) A listener looks for more detail regarding secure income needed to cover the Minimum Dignity Floor (MDF).

Check out the background of firms and investment professionals on SEC’s Adviser Info Page.

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

Ed Slott Advisor recognition requires an advisor to be well versed on the rules and regulations regarding IRAs. The advisor must attend two live training sessions and pass two written exams annually to remain in the program. Jim Saulnier & Associates, LLC (“RIA Firm”) is a registered investment adviser located in Fort Collins, CO. Jim Saulnier & Associates, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Current registered states: CA, CO, PA, TX, WA, IL Insurance products and services are offered and sold through James H. Saulnier, a Colorado licensed insurance producer, only in those states in which he is reciprocally licensed or qualifies for an exemption or exclusion from licensing requirements. Current reciprocal insurance licensing in these states: AZ, CA, CA, CN, FL, HI, IA, MA, MD, NY, PA, SC, TN, TX, VA, WA, WI, WY Click here for a more detailed disclosure.