Social Security, Robo-Advisors, Excess Contributions, 529 Plans, and RMDs: Q&A #2319

May 13, 2023

Social Security, Robo-Advisors, Excess Contributions, 529 Plans, and RMDs: Q&A #2319

Jim and Chris discuss listeners questions relating to Social Security, robo-advisors, excess contributions, 529 plans, and RMDs.

(6:45) A Californian listener wonders if she’s been missing out on a potential spousal Social Security benefit while delaying claiming her own personal benefit.

(17:15) George from Georgia asks what to do about the excess Social Security benefit that was paid into his recently deceased mothers bank account.

(25:15) A different listener in Georgia asks a couple of questions relating to a robo-advisor harvesting capital losses and custodian issues with excess Roth IRA contributions.

(47:15) George looks for clarification on the rules surrounding 529 ABLE plans for his special needs son and whether or not the funds can be rolled over into a Roth IRA given the circumstances.

(54:15) Georgette wonders if her annual SPIA income from an IRA can be used to offset her future RMD amount when she turns 73.

(1:06:00) George from Pennsylvania asks a very similar question to the one above regarding SPIA income offsetting RMDs owed.

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