Social Security, WEP, TSPs, Roth Conversions, Special Needs Trusts, and RMDs: Q&A #2133

August 14, 2021

Social Security, WEP, TSPs, Roth Conversions, Special Needs Trusts, and RMDs: Q&A #2133

Jim and Chris sit down to answer listener questions about Social Security, WEP, TSPs, Roth Conversions, Special Needs Trusts, and RMDs.

(3:00) A Mainer would like to know if they can claim Social Security benefits retroactively.

(10:00) A listener from Washington wants clarification on how the Windfall Elimination Provision (WEP) will affect their Social Security benefit.

(16:30) Another listener would like to know if they can contribute the maximum amount to a Roth Thrift Savings Plan (TSP) and contribute to a Roth IRA in the same year.

(21:30) George from Georgia asks a question about Special Needs Trusts and passing on “always taxable” assets to their disabled child.

(54:15) A Virginian asks if RMDs affect the ability to do Roth conversions in various accounts.

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