Social Security, Roth Conversions, and Retirement Spending: Q&A #2305

February 4, 2023

Social Security, Roth Conversions, and Retirement Spending: Q&A #2305

Jim and Chris sit down to discuss listener questions relating to Social Security, Roth conversions, and retirement spending.

(13:00) Georgette from New York looks for clarification on her Social Security claiming strategy and if her spousal benefit will be reduced.

(19:00) George asks for additional information on disabled children being able to inherit Social Security payments and tax efficient Trust funding.

(52:15) A Californian listener looks for advice on the best retirement account to spend from regarding help with a home purchase for her son.

(1:03:00) A listener asks if he can do a small backdoor Roth contribution to open a Roth IRA and start the 5-year clock.

(1:16:15) A listener wonders if taking a distribution from the converted money market portion of a Roth IRA would violate the 5-year rule.

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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.