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.

Check out the background of firms and investment professionals on SEC’s Adviser Info Page.

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.