Social Security COLA, 401(k) Contribution Rules, and Inherited IRAs: Q&A #2233

August 13, 2022

Social Security COLA, 401(k) Contribution Rules, and Inherited IRAs: Q&A #2233

Jim and Chris sit down to discuss questions relating to Social Security cost-of-living adjustments (COLAs), 401(k) contribution rules, and inherited IRAs.

(6:30) A Kansas listener asks a quick question about how she can change her address on her Social Security card.

(10:00) A listener asks for the specifics on how exactly Social Security COLAs are calculated and implemented into benefits.

(16:15) George from Michigan wonders about Social Security COLAs for ages 60-62 in high inflationary environments.

(17:30) George and Georgette from Ohio ask if waiting until age 63 to claim Social Security will benefit the COLA on their benefits.

(36:00) A Texan listener looks for advice after contributing the maximum amount for three different 401(k) plans.

(54:30) Georgette from Georgia looks for clarification on successor rules for inherited IRA beneficiaries.

Podcast: Play in new window | Download (Duration: 1:14:46 — 34.2MB)

Subscribe: RSS

Check out the background of firms and investment professionals on SEC’s Adviser Info Page.

Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

© 2024, Jim Saulnier & Associates All rights reserved.

Ed Slott Advisor recognition requires an advisor to be well versed on the rules and regulations regarding IRAs. The advisor must attend two live training sessions and pass two written exams annually to remain in the program. Jim Saulnier & Associates, LLC (“RIA Firm”) is a registered investment adviser located in Fort Collins, CO. Jim Saulnier & Associates, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Current registered states: CA, CO, PA, TX, WA, IL Insurance products and services are offered and sold through James H. Saulnier, a Colorado licensed insurance producer, only in those states in which he is reciprocally licensed or qualifies for an exemption or exclusion from licensing requirements. Current reciprocal insurance licensing in these states: AZ, CA, CA, CN, FL, HI, IA, MA, MD, NY, PA, SC, TN, TX, VA, WA, WI, WY Click here for a more detailed disclosure.