Social Security and RMDs: Q&A #2049

December 5, 2020

Social Security and RMDs: Q&A #2049

Chris answers listeners’ interesting and compelling questions relating to Social Security rules and RMDs (Required Minumum Distributions).

(2:45) George asks for confirmation on the rules/benefits for his mother retroactively filing for her Social Security benefit.

(8:10) A listener from Missouri asks about the penalties and frequency of penalties incurred if someone were to file for Social Security benefits before their full retirement age (FRA).

(17:00) A Californian listener asks about when he can receive Social Security disability payments while collecting his current state disability benefits.

(27:15) A listener asks about the best way to handle taking beneficiary RMDs for the upcoming year of 2021.

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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.