Social Security, Gifting, Pensions, and Taxable Account Diversification: Q&A #2125

June 19, 2021

Social Security, Gifting, Pensions, and Taxable Account Diversification: Q&A #2125

Jim and Chris sit down to discuss listeners questions relating to Social Security, gifting of assets, pensions, and taxable account diversification.

(5:00) George from Los Angeles asks if contributing to a deferred compensation program lowers his Social Security earnings history.

(11:00) George from Connecticut looks for clarification regarding his sons Social Security disability benefits and the maximum on his own Social Security statement.

(19:45) A Colorado listener wonders about the most tax efficient way to transfer a home from his father-in-law down to his sister-in-law.

(28:00) A Wisconsin listener looks for advice on the ideal timing of his parents buying a cabin/lake house using assets within their retirement accounts.

(42:30) A Floridian asks about the best ways to try and diversify the tax impact of having too much money in “always-taxable” retirement accounts for someone in their 20’s and 30’s.

(51:30) A listener asks about having money in bank CD’s, money market accounts, or a traditional IRA.

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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.