Social Security, 401(a)’s, RMDs, Taxes, and 401(k) Loans: Q&A #2302

January 14, 2023

Social Security, 401(a)’s, RMDs, Taxes, and 401(k) Loans: Q&A #2302

Jim and Chris sit down to discuss listeners questions regarding Social Security, 401(a)’s, RMDs, taxes and 401(k) loans.

(10:30) A listener from New Jersey asks a couple of general questions to try and understand some additional facts about Social Security.

(25:30) A listener from Colorado looks for help with calculating an accurate projection for their age 70 Social Security benefit given the associated COLA.

(34:15) Jim makes an announcement on the Secure Act 2.0 and questions regarding this act moving forward this year.

(37:45) George in Connecticut wonders about the RMD age for 401(a) retirement plans given the Secure Act 2.0.

(45:45) A New Jersey listener lists a section of the Secure Act 2.0 regarding the ability to aggregate annuity payments inside an IRA with the rest of the balance to calculate an RMD.

(1:03:00) A listener wonders about the timing of taxable income when defaulting on a 401(k).

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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.