Social Security Survivor Benefits, Roth Conversions, Taxes, Rollovers, and Inherited 401(k)’s: Q&A #2310

March 11, 2023

Social Security Survivor Benefits, Roth Conversions, Taxes, Rollovers, and Inherited 401(k)’s: Q&A #2310

Jim and Chris sit discuss questions relating to Social Security survivor benefits, Roth conversions, taxes, rollovers, and inherited 401(k)’s.

(10:15) A listener asks about Social Security survivor benefits and the ability to turn survivor benefits back on after giving them up previously.

(17:15) A listener from New York asks if claiming a spousal benefit before full retirement age reduces the survivor benefit amount and what the survivor benefit will be.

(22:45) George wonders if he can submit his own form 5329 for a Roth conversion even if an CPA firm has filed his return.

(39:00) George from New York looks for opinions on rolling his 401(k) into an IRA and losing the liability protection from a 401(k) being that he’s a physician.

(48:15) A listener looks for clarification on the inherited IRA and RMD rules for a couple who inherited their sons 401(k).

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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.