Social Security, FDIC/SPIC Insurance, Inherited IRAs, and Rollovers: Q&A #2243

October 22, 2022

Social Security, FDIC/SPIC Insurance, Inherited IRAs, and Rollovers: Q&A #2243

Jim and Chris sit down to discuss listeners questions relating to Social Security, FDIC/SPIC insurance, inherited IRAs, rollovers, and IRA distributions.

(6:00) Georgette in Georgia wonders about the accuracy of her Social Security statement.

(15:30) The same listener from above looks for advice on her and her husbands Social Security claiming strategy.

(37:45) A Texan listener looks for clarification of SPIC and FDIC insurance within a brokerage account.

(49:00) Georgette wonders if her and her siblings will be responsible as beneficiaries for splitting the remaining RMD from an inherited IRA.

(57:00) George from North Carolina asks about the rules and any concerns to keep in mind when rolling a rollover IRA into an existing IRA.

(1:04:30) George in Hawaii wonders about the taxation of distributions regarding IRAs with basis and whether or not the basis can be converted tax-free into an existing Roth IRA.

Podcast: Play in new window | Download (Duration: 1:13:35 — 33.6MB)

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