Social Security, Roth Conversions, Taxes, Mortgages, and IRA Rollovers: Q&A #2118

May 1, 2021

Social Security, Roth Conversions, Taxes, Mortgages, and IRA Rollovers: Q&A #2118

Jim and Chris sit down to discuss listeners questions relating to Social Security, Roth conversions, taxes, paying off mortgages, and IRA rollovers.

(5:00) A Kentucky listener looks for clarification on the taxation of retroactive Social Security benefits.

(11:00) George asks for advice on deciding when to claim Social Security.

(22:00) A listener asks about how to convert money from a 457(b) plan into a Roth IRA.

(31:45) A listener wonders about the different tax consequences relating to taking money out of a 401(k) and IRA.

(42:30) George from Utah lays out his current investing philosophy and asks for an opinion on paying off a mortgage vs. investing that money.

(55:15) A Maryland listener asks about an IRA rollover and the related withdrawals of post-tax and pre-tax monies.

 

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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.