Social Security, 529 Conversions, FIAs, and RMDs: Q&A #2424

June 15, 2024

Social Security, 529 Conversions, FIAs, and RMDs: Q&A #2424

Jim and Chris sit down to discuss listener questions relating to Social Security, 529 Roth conversions, and fixed index annuities (FIAs).

(4:45) A listener wonders if his children’s Social Security benefits will be reduced by him working longer.

(15:45) A listener looks for clarification on calculating spousal Social Security benefits and what happens when you delay claiming.

(29:30) Georgette wonders if she meets the time requirements for rolling a New York 529 plan into a Roth IRA.

(46:45) George looks for clarification on converting a 529 plan into a Roth IRA and the specific rules behind the conversion.

(58:45) A listener asks if there’s any way to project fixed index annuities (FIAs) future fair market values to help determine its RMD impacts.

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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.