COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427
Description
Jim and Chris sit down to discuss listener questions relating to COLA, WEP, the Roth Conversion Pro Rata Rule, and Inherited Roth IRAs.
(15:30 ) In part 1 of George’s 3 email questions Chris goes into how to properly apply COLA to your Social Security calculations.
(24:00 ) Chris talks about determining whether you are subject to WEP to answer part 2 of George’s email.
(27:15 ) To answer George’s third and final question, the guys discuss covering the gap between retiring and collecting Social Security.
(47:00 ) Jim and Chris address the Roth Conversion Pro Rata Rule for a listener and whether or not it applies to conversions from a Rollover IRA.
(1:01:30 ) Jim may have said he was done talking about the 5-year rule but that was before Georgette sent him a question the guys have yet to address – when does the count start with an Inherited Roth IRA? Note: the answer Jim and Chris provided was not fully accurate and we recommend listening to the 8/3/2024 show for clarification.
The post COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427 appeared first on The Retirement and IRA Show.
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