Social Security, Tax Deductions, and 401(k) Advice: Q&A #2035

August 29, 2020

Social Security, Tax Deductions, and 401(k) Advice: Q&A #2035

Jim and Chris discuss listeners’ questions relating to Social Security, standard tax deductions as a result of the CARES Act, and 401(k) advice for a younger investor.

(5:45) A listener from New Jersey wonders what happens to employer Social Security contributions when the employee has maxed out their Social Security with a different employer.

(17:45) George from Kentucky asks about needing to inflate his PIA estimate given by the Social Security Administration in order to accurately reflect his estimated benefit at full retirement age.

(32:20) A Hawaiian listener has a question about Social Security spousal benefits and minimizing the impact of GPO (Governmental Pension Offset).

(47:00) Georgette from Texas asks about her standard tax deductions for 2020 and the impact of the CARES Act.

(50:00) A 35-year-old listener looks for advice on managing his 401(k).

Podcast: Play in new window | Download (Duration: 1:14:44 — 33.9MB)

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