Contributions, Social Security, 415 Limits, and Beneficiaries: Q&A #2503

January 18, 2025

Contributions, Social Security, 415 Limits, and Beneficiaries: Q&A #2503

Jim, Chris, and Jake sit down to discuss listener questions relating to contributions, Social Security, 415 limits, and beneficiaries.

PSA: Chris and Jake review several questions from this weeks EDU show relating to 415 limits, new age 60-63 “super” catch-up contributions effective under SECURE 2.0.

(10:30) A listener looks for clarification on his wife’s spousal Social Security benefit.

(13:30) George provides some additional thoughts surrounding 415 limits and maxing out 401k contributions.

(23:00) PSA to clarify the question from last week’s Q&A Show regarding a person who inherited an IRA directly from his mom as a primary beneficiary, and a different IRA from his mother as a successor beneficiary. They dive deeper into the difference between a primary and successor beneficiary when inheriting an IRA.

(51:45) Georgette looks for some additional information on Social Security issues surrounding widowhood.

(1:01:00) A listener wonders what happens when the market is closed on a day that someone passes away and how to value the security on that given day when it’s inherited.

Podcast: Play in new window | Download (Duration: 1:05:47 — 30.1MB)

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