Social Security, Trusts, Creditor Protection, Roth Conversions, and Pensions: Q&A #2140

October 2, 2021

Social Security, Trusts, Creditor Protection, Roth Conversions, and Pensions: Q&A #2140

Jim and Chris discuss listeners questions relating to Social Security, trusts as IRA beneficiaries, Roth 401(k) creditor protection, Roth conversions, and pensions.

(7:00) Georgette from New York looks for clarification on the taxation of retroactive Social Security benefits as discussed in a previous show.

(15:15) George from California wonders about his Mom should claim her Social Security benefit.

(21:30) A listener looks for Jim and Chris’s opinion on their mother-in-laws IRA having a trust as the named beneficiary.

(37:45) A Texan listener wonders about additional creditor protection in Roth 401(k)’s versus IRAs.

(45:45) George asks about potential Roth conversions for his wife.

(49:30) A listener wonders whether or not there’s any disadvantage to having his wife claim her Social Security benefit now.

(55:30) A listener in Minnesota looks for advice on claiming a lump-sum versus monthly payments from a pension.

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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.