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

1:14:46
 
Share
 

Manage episode 337722256 series 2424283
By Jim Saulnier, CFP® & Chris Stein, CFP®, Jim Saulnier, and Chris Stein. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

The post Social Security COLA, 401(k) Contribution Rules, and Inherited IRAs: Q&A #2233 appeared first on The Retirement and IRA Show.

564 episodes