Q&A
Asked by entwistlecindy
Answered by Lars Larsen
Financial Adviser in Burlingame, CA
Full retirement age for those turning 65 this year is 66. If you file early your will get a reduced amount. Your can certainly wait to file. In fact, every year your w...
Q&A
Asked by an anonymous user
Answered by Lars Larsen
Financial Adviser in Burlingame, CA
As a widow, you may file for survivor benefit earlier than you can for your own benefit. That does not mean it is the best option, even though you can. Generally you s...
Q&A
Asked by an anonymous user
Answered by Karl Leonard Hicks
CFP® in Riverside, CA
Social Security Benefits can be a very complicated issue. There are several factors that determine your eligibility and the others that determine the amount of benefit...
Q&A
Asked by Vickey
Answered by Chad Freeman PRO+
Branch Manager 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 PRO+
Financial Adviser 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 PRO+
CFP® 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 PRO+
Financial Adviser 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 PRO+
CFP® 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 Largo, 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...
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