Social Security, Roth Conversion Taxes, and Beneficiaries: Q&A #2131

July 31, 2021

Social Security, Roth Conversion Taxes, and Beneficiaries: Q&A #2131

Jim and Chris sit down to answer listeners questions relating to Social Security, Roth conversion taxes, and naming beneficiaries on IRAs and 401(k)’s.

(4:30) A Kentucky listener looks for clarification on claiming Social Security survivor benefits prior to collecting their own retirement benefit.

(12:15) A Floridian asks about the idea of claiming Social Security early to collect a benefit for a minor child.

(33:00) A Missouri listener wonders about the Windfall Elimination Provision (WEP).

(38:00) A listener asks about the taxation of rolling a 401(k) into a Roth IRA.

(43:45) A New Hampshire listener asks about naming children as beneficiaries on their IRAs using the “per-stirpes” method.

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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.