Social Security “Grace Years”, IRAs, QCDs, RMDs, and Taxes: Q&A #2046

November 14, 2020

Social Security “Grace Years”, IRAs, QCDs, RMDs, and Taxes: Q&A #2046

Jim and Chris discuss listeners’ comments and questions relating to Social Security “grace years”, IRAs, QCDs, RMDs, and Taxes.

(Intro) Jim and Chris read an incredibly generous “thank you” email from Georgette in California and address what a “grace year” means for Social Security.

(16:55) A listener asks for clarification on an older article written by Ed Slott relating to RMD rollovers.

(28:10) George from Florida asks whether or not Roth conversions count towards MAGI for APTC (Advanced Premium Tax Credits).

(35:00) A listener from Illinois asks about when his wife can use a QCD (Qualified Charitable Distribution) to offset her RMD (Required Minumum Distribution).

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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.