Straight From Our Inbox: Listener Voicemails on Social Security and More

In today's episode, Devin and John answer a few questions from listener's voicemails. Here's a glimpse of what we discuss:

Carol wonders if her husband can start collecting Social Security on her benefits, despite her already receiving hers. Cynthia brings a multifaceted query on government pensions, deceased spouse benefits, and the intricacies surrounding her mother’s and stepfather’s financial landscape. Michael seeks clarity on the Secure Act 2.0, especially regarding Qualified Charitable Distributions (QCD) and their tax implications. Clark delves into the optimal timing for claiming his Social Security benefits, while navigating the complex considerations surrounding retirement investment strategies and market dynamics. Bobby is curious about the specifics of the full retirement age year and its timeframe. In another call, Michael navigates the transition from SSI to Social Security for a disabled adult and the health insurance implications involved. Lilo ponders the transition between spousal benefits and survivorship benefits in the unfortunate event of his passing, and how that impacts his younger wife's benefits. And finally, Kathleen, dealing with the ramifications of the Secure Act, seeks advice on handling the inherited IRA from her late mother and understanding the tax implications of her Required Minimum Distributions.

Join us as we dissect these questions, providing you with actionable insights and strategies to give you clarity and confidence about your retirement. 🎙️📈👥

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Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and look for the tab on the right side that says “Send A Voicemail.” 

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. 

Contact Devin’s team at https://www.carrolladvisory.com/ 

Contact John’s team at https://www.rossandshoalmire.com/