Social Security, SPIA Taxation, IRMAA, Roth Conversions: Q&A #2529

July 19, 2025

Social Security, SPIA Taxation, IRMAA, Roth Conversions: Q&A #2529

Chris and Jake address listener questions on Social Security, single premium immediate annuity (SPIA) taxation, IRMAA impacts from NQDC payments, and Roth conversions.

(9:45) George asks whether the restricted application strategy for Social Security spousal benefits is still possible, and if so, whether birth year requirements apply, along with what changed after the 2015 law change.

(22:15) The guys share a PSA about a listener’s experience with the Social Security application process, explaining how failure to submit a marriage certificate caused delays when applying for spousal benefits.

(31:00) A listener asks whether untaxed tip income affects the amount of Social Security benefits a worker may receive in retirement.

(36:00) Georgette asks whether SPIA payments purchased using Traditional IRA funds are considered taxable income for life.

(45:15) A listener asks if ongoing NQDC payments will be included in MAGI calculations and impact IRMAA.

(55:30) Chris and Jake discuss whether taxes owed from a Roth conversion can be paid when filing taxes the following year, or whether quarterly payments are required to avoid penalties.

(1:09:15) A listener asks whether living in a state that exempts Social Security from state taxes should impact Roth conversion planning.

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