Social Security, RMD Taxes, Trusts, and Roth Conversions: Q&A #2207

February 12, 2022

Social Security, RMD Taxes, Trusts, and Roth Conversions: Q&A #2207

Jim and Chris sit down to discuss listeners questions pertaining to Social Security, RMDs, special needs trusts, and Roth conversion rules.

(4:00) A listener voices his concerns with Social Security part D price increases and the general increase of insurance costs.

(22:30) George looks for clarification on whether or not his dad needs to send an additional payment out to cover his withholdings on his 2022 RMD.

(35:30) George in Maryland wonders if it’s a good idea to keep his daughters special needs trust listed as a contingent beneficiary on their qualified retirement accounts.

(1:04:30) George in Virginia asks about the potential IRS punishment if he were to stop filing form 8606 and continue to convert basis/contributions into a Roth 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.