Social Security, Spousal/Survivor Benefits, SPIAs, and IRA Basis: Q&A #2325

June 24, 2023

Social Security, Spousal/Survivor Benefits, SPIAs, and IRA Basis: Q&A #2325

Jim and Chris sit down to discuss listeners questions relating to Social Security, spousal/survivor benefits, SPIAs, and IRA basis.

(4:00) A listener from Delaware looks for clarification on the timing of claiming Social Security and when his wife is eligible to claim a spousal benefit.

(15:25) A local Colorado listener wonders how she can begin claiming a survivorship Social Security benefit until claiming her own full benefit at age 70.

(18:15) An Oregon listener asks what factors he should be considering when making a decision on whether or not to purchase a SPIA.

(40:45) A listener wonders what happens to IRA basis when buying a SPIA with the IRA.

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