Social Security, Insurance, IRMAA, and MYGAs: Q&A #2327

July 8, 2023

Social Security, Insurance, IRMAA, and MYGAs: Q&A #2327

Jim and Chris sit down to discuss listeners questions relating to Social Security, insurance, IRMAA, and MYGAs.

(5:30) A listener from Florida looks for clarification on the rules regarding Social Security and having a disabled child.

(28:30) The same listener from above asks for advice on cashing in an insurance policy or not.

(1:07:30) A Californian listener asks if IRMAA brackets can go down in the future.

(1:12:00) A listener from New Jersey wonders if he should consider purchasing a MYGA within an IRA given the current market interest rates.

(1:19:00) Another listener from New Jersey asks if o qualify for child in care spousal benefits, does the child have to be biological or adopted or does a stepchild qualify?

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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.