• Q & A: May 2017 Q:  I work in human resources. The maximum amount of earnings that are taxable for Social Security shot up in 2017 after staying the same amount for two years in a row. When the change went into effect in January I was questioned and even accused of withholding too much from paychecks of the higher ...
  • Ask The Advisor: February/March 2017 How Will Social Security Benefits Affect Our Income Taxes? Q:  After I turned 67 this year, I started Social Security benefits while my wife and I continue to work.   Can you give us an idea how much my Social Security benefits will increase our income taxes?  Our joint income for 2016 was about $52,000.  I started ...
  • Q & A: January 2017 Q:  If I start Social Security this year how much am I allowed to earn?  I’ll turn age 66 in November.  I’m currently working in a job that pays $52,000 per year plus health insurance. A:  The answer depends upon whether you start your benefits before or after your full retirement age — which in 2017 ...
  • Ask the Advisor: December 2016 How Can We Expand Social Security When The Program Is Running Out of Money? Q: I’ve read about proposals to “expand” Social Security that would provide somewhat higher benefits and a better cost-of-living adjustment.  How can Social Security be expanded when the program is running out of money? A:  When it comes to strengthening Social Security’s finances, ...
  • Q & A: December 2016 Help! Social Security Estimates That I Earned $500,320 And Stopped My Benefits!  Q:  I started benefits at age 63 after losing my job in 2013.  I was able to find new employment the following year in 2014.  I received a letter from Social Security stating that I was overpaid for 2014 because they estimate that ...
  • Q & A: November 2017 My Ex Passed Away.  Can I Claim A Widower’s Benefit? Q:  My ex-wife passed away last year at 62, and recently my job ended.  She had a good job with a pharmaceutical company for about 20 years.  Can I file a claim for widower’s benefits based on her account and still get my own retirement benefit ...
  • Q & A: July 2016 Is There A Good Reason To Take Social Security Early? Q:  I turn 62 this year.  My spouse is 65 and still working.  I’ve thought about delaying my Social Security benefit to let it grow, but a publication from the Social Security Administration points out that people get about the same amount of money they just ...
  • Ask the Advisor: July 2016 I Inherited An IRA From My Dad – How Does That Affect My Taxes? Q: I inherited an IRA from my dad worth roughly $232,000.  I’m 65, and receive Social Security.  Can you tell me what effect this will have on my taxes?  Will it cause my Social Security benefits to be reduced? A:  The IRA you ...
  • Q & A: June 2016 Can You Tell Me About The New Social Security Changes? Q:  What can you tell me about changes to Social Security that went into effect recently?  I’ve read references to benefits that I didn’t know I was entitled to.  Several emails warned that I would lose them as of April 30th. 
 The e-mails wanted me ...
  • Ask the Advisor: April 2016 Why Are My Social Security Benefits Taxed? This Is Double Taxation! Q: I’m a divorced retiree and I file taxes as a single household. Can you tell me why my benefits are taxed and how the income threshold that subjects Social Security benefits to tax is set? People who have adjusted gross incomes of $25,000 (individual) ...
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