The Retirement and IRA Show Social Security, Inheritance Strategy, SEP IRA Conversions: Q&A#2615
Apr 11, 2026
Listeners ask about timing Social Security claiming in light of proposed benefit caps. They explore correcting SSA earnings records and potential back pay. The hosts debate a plan to split Roth IRAs to earmark inheritances. They discuss converting a young person’s SEP IRA to Roth and practical contribution rules.
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Don't Rework Claiming Strategy Over One White Paper
- Do base Social Security claiming decisions on current law and your personal tax-planning window rather than reacting to a single white paper.
- Jim warns the $50k/$100k cap came from a think tank paper, not pending legislation, so don't change a plan to delay to 70 solely because of headlines.
Social Security Changes Will Likely Be Rushed And Political
- Insight that Social Security fixes will be political and last-minute, often framed as a crisis to push broad bills through.
- Jim compares the likely rushed approach to the 1980s Greenspan committee, predicting exemptions and messy compromises.
Evaluate Both Spouses Waiting To 70 Holistically
- Do evaluate whether delaying to 70 fits your whole retirement and tax plan, not just Roth conversion timing.
- Chris notes both spouses waiting to 70 is uncommon but can be valid to create a larger tax window for conversions and a robust income floor.