Q&A
Asked by Vickey
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Vickey: I believe that Mark provided a thorough answer to your question, but I would add one more item since you are looking to take cash out. Take note of what you...
Q&A
Asked by Edna
Answered by Helen Barbre Stephens, Financial Adviser in Fort Worth, TX
Hi Edna, As when dealing with anything tax related, the answer is "that depends". A portion of SS benefits is taxed if income above a "base amount" (which is determi...
Q&A
Asked by an anonymous user
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
You really need to consult with an accountant. It would be well worth the money.
Q&A
Asked by an anonymous user
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
I don't see anyone here mention that collecting SS @ 62 and continuing to work will cause a takeback of the SS benefits. For every $2 of earnings over the threshold o...
Q&A
Asked by WILLIAM DAVIS
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
My feelings are that if Social Security and other government entitlements become too heavy a burden for future generations, they will diminish rather than go away. Th...
Q&A
Asked by an anonymous user
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - you should each update your benefit estimates from the Social Security Administration by visiting their website at www.ssa.gov - then you will be prepared with th...
Q&A
Asked by Michael
Answered by Linda A. Stortz, CPA, EA in Seminole, FL
You must be asking if you can "make" an IRA contribution, rather than "take" an IRA contribution. No, either one of you must have earned compensation from wages, salar...
Q&A
Asked by Jim
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Jim, You may want to defer taking Social Security until later (age 70) if you do not need the income now. Your benefits will increase by as much as 25%. In addition...
Q&A
Asked by CJ
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - The simple answer is to wait at least until you reach Full Retirement Age (FRA) which may be 65 for you. The FRA varies somewhat depending on the year of your b...
Q&A
Asked by an anonymous user
Answered by Helen Barbre Stephens, Financial Adviser in Fort Worth, TX
The EITC requires earned income, which includes any self-employment income. You may qualify based on your overall income, but you won't if you don't have earned incom...
Ask a pro a question
Have your question answered by a professional
Characters remaining: 140
$firstLetter
Asking as: $ss.eas.userParams.displayName
Log in or sign up with email
By submitting you agree to our Terms of Service

Social Security

Social Security
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com