Social Security, IRMAA, Fun Number, and MDF: Q&A #2336

September 9, 2023

Social Security, IRMAA, Fun Number, and MDF: Q&A #2336

Jim and Chris sit down to discuss listener questions regarding Social Security, IRMAA, fun spending, and MDF.

(7:30) A Massachusetts listener looks for clarification on WEP and his person Social Security benefit timing.

(15:00) George in Maryland asks about IRMAA and the circumstances of a life changing event.

(22:30) A listener from Wisconsin asks about the release of the IRMAA surcharge brackets that provide direction as to the limits he can report as income for a given year.

(32:30) A listener wonders what should be included in fun spending.

(43:30) A New York listener looks for advice on using pension and and annuity income to cover his minimum dignity floor (MDF).

(58:30) A Californian listener adds a comment on some items to consider for No-Go fun spending.

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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.