Social Security, IRA Beneficiaries, QCDs, and IRMAA Exceptions: Q&A #2321

May 27, 2023

Social Security, IRA Beneficiaries, QCDs, and IRMAA Exceptions: Q&A #2321

Jim and Chris sit down to discuss listener questions relating to Social Security, IRA beneficiaries, OCDs, and IRMAA exceptions.

(9:00) Jim and Chris continue a discussion based on a Michigan listeners situation where he did not receive his full Social Security Delayed Retirement Credits.

(20:15) A Californian listener asks about the timing for her husband claiming his own Social Security benefit then later switching to a spousal benefit.

(32:00) Georgette wonders if she were to claim her husbands pension at his passing if her Social Security benefit would be affected by WEP.

(36:00) Jim and Chris provide clarification on whose life expectancy to use for calculating RMDs when inheriting an IRA as a successor beneficiary from someone who was already the IRA’s successor beneficiary.

(53:00) A listener from Minnesota wonders about trying to do QCDs within employer accounts like 403b’s and 457 plans.

(1:11:15) Georgette from North Carolina wonders if her mother could file for some IRMAA exceptions.

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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.