Q: Can you tell me how Social Security benefits are figured? I’m 63 and my wife is 61. Both of us are still working. A: Social Security benefits are based on your lifetime earnings, age at retirement, and number ...
Category: Frequently Asked Questions (FAQs) about Social Security
Ask the Advisor: May/June 2018
Help! I’ve Been Told I Have To Return My Deceased Husband’s Last Social Security Check. Is This Really True? Q: My husband passed away on March 31st. I was told that I have to return his entire Social Security pa ...
Taxes Take A Growing Percentage of Social Security Benefits
(Washington, DC) – About 56 percent of all Social Security households pay taxes on a portion of their Social Security benefits, according to a national survey by The Senior Citizens League. “Recently enacted changes in ...
Q & A: Will my Social Security benefits be taxable?
Q: I retired last year, but my spouse continues to work. This will be our first tax season with Social Security benefit income. Will my Social Security benefits be taxable? A: If you’re receiving Social Security in ...
Q & A: November 2017
Q: My husband and I had to take in our twin great granddaughters when their mother, our granddaughter, was suddenly sent into rehab. We are in our 80s and living on Social Security and a small savings. Can you tell me if ...
Q & A: September/October 2017
Q: When my husband passed away several years ago in 2013, I wasn’t working. I claimed a Social Security widow’s benefit based on his account that year at the age 62, receiving $1,420 per month. When I started my benefit ...
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 q ...
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 Securit ...
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 whet ...
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. ...
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