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.

Podcast: Play in new window | Download (Duration: 1:17:17 — 35.4MB)

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