Social Security, PIA, IRMAA, MDF, and Annuities: Q&A #2338

September 23, 2023

Social Security, PIA, IRMAA, MDF, and Annuities: Q&A #2338

Jim and Chris sit down to discuss listener questions relating to Social Security, PIA, IRMAA, MDF, and annuities.

(5:15) A Californian listener looks for clarification on a potential Social Security survivor benefit for his mother.

(17:00) An Arizona listener wonders at what point his primary insurance amount (PIA) becomes “set”.

(31:30) George from Texas asks about IRMAA and it’s impact in the year when he’ll be turning 65 due to a birthday late in the year.

(37:15) A listener wonders where the concept of an emergency fund fits into the minimum dignity floor (MDF).

(44:30) A listener from Connecticut asks if there are specific annuities available within 401k(k) plans that would be advantageous compared to those available in a standard IRA.

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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.