Social Security, CARES Act, Roth Conversions, and Retirement Planning: Q&A #2230

July 23, 2022

Social Security, CARES Act, Roth Conversions, and Retirement Planning: Q&A #2230

Jim and Chris discuss listeners questions relating to Social Security, the CARES Act, PTE 2020-02, Roth conversions, and retirement planning.

(4:15) A listener looks for clarification on the rules of spousal Social Security benefits.

(13:45) George asks about the Social Security earnings test for collecting survivor benefits.

(26:15) A listener wonders about the IRS 2020-50 notice for guidance for coronavirus-related distributions/loans from retirement plans under the CARES Act.

(35:00) Georgette from Texas asks about PTE 2020-02 and if it will affect her personal Roth conversion strategy.

(40:30) Georgette in California looks for advice on the best way to convert some of her solo 401(k) and SEP IRA into a Roth IRA.

(49:00) George wonders why the firm wants to do retirement plans for clients looking to retire in the next 5-years.

Podcast: Play in new window | Download (Duration: 1:09:42 — 31.9MB)

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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.