COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427

July 6, 2024

COLA Calculations, WEP, Annuitizing, Roth Pro Rata Rule, and Inherited Roth IRAs: Q&A #2427

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.

Podcast: Play in new window | Download (Duration: 1:21:28 — 37.3MB)

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