IRAs, Roth Conversions, and Social Security Details: Q&A #2031

August 1, 2020

IRAs, Roth Conversions, and Social Security Details: Q&A #2031

Jim and Chris discuss various listener questions relating to IRAs, Roth conversions, and Social Security details.

(8:38) An Ohioan wonders if they can apply for spousal benefits while withdrawing their Social Security application at the same time.

(13:28) A Missouri listener asks if he can contribute the maximum annual amount to his IRA after transferring his lump-sum pension into the same IRA earlier that year.

(42:25) George from North Carolina asks about the best way to set up beneficiary designations for his parents IRAs.

(58:00) A listener from Washington inquires about Roth conversions and the importance of timing conversions to avoid tax implications.

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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.