Delayed Retirement Credits, Pensions, HSAs and Annuities: Q&A #2429

July 20, 2024

Delayed Retirement Credits, Pensions, HSAs and Annuities: Q&A #2429

Jim and Chris sit down to discuss listeners questions relating to Social Security delayed benefits, rolling a pension excess to an IRA, HSAs, and when to turn on an annuity’s living benefit.

 

(15:00) A listener wonders if Chris can clear up why his Social Security delayed benefits calculations don’t match the what the SSA website shows.

(28:30) Georgette hopes the guys can help her with the pros and cons of suspending Social Security benefits into order to earn delayed retirement credits.

(35:15) A listener asks if rolling an excess in his pension into an IRA is the best option considering he would like access to the money soon without penalties and with minimum tax liability.

(53:00) Jim and Chris answer a listener question regarding what he needs to do to prove he’s in a high-deductible health plan in order to contribute to an HSA. Note: the answer Jim and Chris provided was not fully accurate and we recommend listening to the 7/27/2024 show for clarification.

(58:45) George ponders when to turn on his annuity’s living benefit.

 

 

 

 

 

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