Social Security, Annuities, MDF, Beneficiaries, and Taxes: Q&A #2402

January 13, 2024

Social Security, Annuities, MDF, Beneficiaries, and Taxes: Q&A #2402

Jim and Chris sit down to discuss listener questions relating to Social Security, annuities, MDF, beneficiaries, and taxes.

(5:30) A Washington listener wonders if stock options should be counted towards earnings when considering Social Security.

(20:15) A New York listener comments on trying to discuss his form SSA-44 with the local Social Security office.

(27:15) A listener in Minnesota wonders if they should prioritize IRA distributions from one either spouses account or not.

(40:00) George in Connecticut looks for advice on whether or not he should use an older fixed annuity to help cover his future minimum dignity floor (MDF) need.

(56:30) A listener proposes a hypothetical situation and asks about a beneficiary change in an inherited IRA currently taking RMDs from a Trust to an individual.

(1:07:15) George in Louisiana wonders if he should contribute to his pre-tax accounts rather than Roth given his projected future tax picture in retirement.

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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.