Social Security, Pensions, 457(b)’s, and Backdoor Roth Contributions: Q&A #2304

January 28, 2023

Social Security, Pensions, 457(b)’s, and Backdoor Roth Contributions: Q&A #2304

Jim and Chris sit down to discuss listener questions relating to Social Security, pensions, 457b’s, and backdoor Roth contributions.

(11:00) A Texan listener asks if his wives spousal Social Security benefit will be based off half of his original PIA or his PIA adjusted for cost-of-living.

(16:30) A listener in Ohio looks for clarification on the effect that WEP and GPO will have on her Social Security benefits.

(24:45) The same listener from above wonder about the timing of claiming her pension benefit to minimize GPO impact.

(27:15) The same listener from above asks about her Social Security benefit amount if she were to claim at age 62 and delay claiming her pension.

(32:00) The same listener from above wonders about claiming the lump sum pension amount and investing it or annuitizing it.

(39:15) Jim provides some additional clarity on a previously asked question regarding 457(b) accounts.

(49:30) A Michigan listener wonders about his ability to do a backdoor Roth contribution.

Podcast: Play in new window | Download (Duration: 58:42 — 26.9MB)

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