The Retirement and IRA Show Social Security, IRMAA, IRA Beneficiary, and the Roth 5-Year Rule: Q&A #2519
May 10, 2025
Listeners are treated to insightful discussions on the importance of verifying Social Security records and understanding survivor benefits. The hosts tackle the nuanced process of designating a Trust as an IRA beneficiary, covering essential tax implications. They also clarify the Roth 5-year rule, addressing what happens in the case of a recent conversion before a beneficiary inherits. With personal anecdotes and practical tips, this discussion empowers listeners to navigate their retirement planning with confidence.
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Check And Correct SS Earnings Records
- Check your Social Security earnings record regularly for errors, especially after name changes.
- Correcting past earnings can increase your benefits, even beyond the official correction deadline.
Divorce Timing Affects SS Benefits
- If divorcing, stay legally married at least 10 years to maintain spousal Social Security benefits.
- Consult a divorce attorney about delaying divorce to protect your benefits.
Remarriage Can Affect SS Benefits
- Be cautious about remarriage if you rely on divorced spouse or survivor Social Security benefits.
- Remarrying after age 60 preserves survivor benefits; before that, you may lose them.