Social Security, Cash Balance Plans, Pensions, and The Pro-Rata Rule: Q&A #2120

May 15, 2021

Social Security, Cash Balance Plans, Pensions, and The Pro-Rata Rule: Q&A #2120

Jim and Chris sit down to discuss listener’s questions relating to Social Security, cash balance plans, pensions, and the pro-rata rule.

(3:00) Jim and Chris begin by deep diving into the calculation behind the idea of investing your age 62 Social Security benefits instead of waiting till age 70 to claim and follow-up by answering George from Texas’s question about maximizing his wife’s PIA before claiming at age 62.

(32:00) A Massachusetts listener asks for advice on whether or not to roll a cash balance plan into an IRA or take monthly annuity payments.

(48:00) An Arizonian looks for Jim and Chris’s thoughts on how to incorporate a pension and Social Security into the fixed income portion of his portfolio.

(1:07:45) George provides his current situation and asks for clarification on the pro-rata rule.

Podcast: Play in new window | Download (Duration: 1:17:58 — 35.7MB)

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