Social Security PSAs, FIAs, SPIAs, and MYGAs: Q&A #2525

The Retirement and IRA Show

Jim Saulnier, CFP® & Chris Stein, CFP®

Business, Investing

4.3 • 730 Ratings

🗓️ 21 June 2025

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jim and Chris begin with three PSAs on Social Security experiences, then answer questions on fixed indexed annuities with market value adjustments, SPIA payout options for the Minimum Dignity Floor, and the tax aggregation rule for MYGAs.
(11:30) In this PSA Georgette clarifies that her husband, born February 1, received January benefits at full age 70, with payments starting at the end of January.
(19:45) A listener shares a PSA about their struggle recovering original documents from the SSA after submitting an IRMAA appeal and only getting help after contacting her senator.
(24:15) The guys read a PSA from a listener whose Social Security application was approved, but his first payment was withheld due to how he reported earnings; he later filed an appeal and was paid.
(36:00) George asks why the EDU episode on Fixed Indexed Annuities didn’t mention five-year FIAs with market value adjustments and no surrender fees, noting one issuer allows early access with interest rate risk.
(54:00) Jim and Chris address when they may recommend SPIAs with life-only vs. return of premium options, discussing how payout levels vary based on longevity risk-sharing.
(1:12:15) A listener asks whether a 1035 exchange into a different insurer’s MYGA can avoid the tax aggregation rule; Jim explains how proration works and why the trade-off might not be worth the hassle.

The post Social Security PSAs, FIAs, SPIAs, and MYGAs: Q&A #2525 appeared first on The Retirement and IRA Show.

Transcript

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0:23.9	Never make any investment or financial decisions based on information offered on this show
0:27.0	without first consulting your financial legal or tax advisor.
0:29.8	Financial planning services offered through Jim Solnior and Associates LLC, a registered investment advisor.
0:43.3	This is the retirement and IRA show coming to you from beautiful Northern Colorado. Join us as certified financial planner Jim Sondier, as well as Colorado State University
0:48.3	Finance Instructor and Certified Financial Planner Chris Stein, teach you about IRAs, 401k's, annuities,
0:56.1	social security, pension plans, and estate planning in a fun and enjoyable show. Whether you are
1:01.9	listening live in Colorado or streaming from their website or iTunes podcast, Jim and Chris want
1:07.7	you to know that they're available to help you plan for your retirement.
1:14.0	Just visit their website at Jimhelps.com.
1:17.6	That's Jim H-E-L-P-S.com.
1:20.1	And click the Meet the Team button on the homepage.
1:23.0	Now here's Jim and Chris with today's show.
1:32.3	Well, hello, everybody, and welcome to the Retirement and IRA show Q&A edition for this week.
1:45.9	If my voice sounds a little different today, I apologize. I'm still battling a head cold I've had for the last couple of days. It was bothering me a little bit on the last show, but luckily Jim did most of the talking on the EDU show this week.
1:51.2	This show, he gave me a bit of a heads up that we're going to start out with some Social Security,
1:54.4	but it is some PSAs.
1:57.8	Some of you might remember the last several shows.
	...

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