Social Security, Backdoor Roth Contributions, Taxes, LTC, and RMDs: Q&A #2119

May 8, 2021

Social Security, Backdoor Roth Contributions, Taxes, LTC, and RMDs: Q&A #2119

Jim and Chris sit down to discuss listeners questions relating to Social Security, backdoor Roth contributions, taxes, hybrid LTC policies, and RMDs.

(11:45) George from New York looks for clarification on Social Security and surviving spousal benefits.

(17:00) An Ohioan asks a question about backdoor Roth contributions and the pro-rata rule.

(27:45) A listener wonders about the taxation of traditional IRAs and rollover IRAs when partially funded with after tax dollars.

(38:30) A listener asks about the rules surrounding hybrid long term care policies (LTC).

(52:45) An Arizonian listener looks for clarification on the calculation/timing of his RMDs.

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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.