Social Security, IRMAA, Backdoor Roth Contributions, and Annuities: Q&A #2352

December 30, 2023

Social Security, IRMAA, Backdoor Roth Contributions, and Annuities: Q&A #2352

Jim and Chris sit down to discuss listener questions relating to Social Security, IRMAA, backdoor Roth contributions, and annuities.

(13:45) A local listener worries and asks about earning excess income in a certain year while already claiming her Social Security benefit.

(25:15) A Virginian listener looks for clarification on what qualifies as a “work reduction” for IRMAA purposes.

(39:30) George from Kansas City asks about backdoor Roth contributions and non-deductible IRA contributions.

(1:01:15) George in Kentucky wonders why someone would purchase an annuity and not annuitize it.

 

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