Social Security, GPO, Spousal Benefits, IRMAA, SPIAs, and Secure Act 2.0: Q&A #2339

September 30, 2023

Social Security, GPO, Spousal Benefits, IRMAA, SPIAs, and Secure Act 2.0: Q&A #2339

Jim and Chris discuss questions relating to Social Security, GPO, the Social Security spousal benefits, IRMAA, SPIAs, and the Secure Act 2.0.

(4:30) A listener from Illinois references a previous Q&A show and asks about the effects of GPO on Social Security.

(8:15) A listener from Utah looks for clarification on delaying the claiming of a spousal Social Security benefit.

(22:30) Georgette from Ohio asks about the procedure of notifying the SSA of an increase in previous years’ taxable income and the effect on the IRMAA calculation.

(31:00) A listener from New Jersey asks about the timing of purchasing of a SPIA considering the current high interest rate environment.

(55:30) A listener from Illinois seeks clarification on the beneficiary classification of a trust according to the Secure Act 2.0.

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