• Q & A: October 2019 How Do Distributions From a 401(k) Affect my Social Security Benefits? Q:  I’m 62 and doing some retirement planning.  Can you tell me how distributions from a 401(k) would affect my Social Security benefits?  Does the Social Security Administration use income from a 401(k) to calculate benefits?  Would income from a 401(k) cause my Social Security ...
  • Q & A: September 2019 Who Notifies Social Security When Someone Dies? Q:  My grandfather passed away two months ago at 89, and my step-grandmother (who is 85) is having problems with dementia.  Her son, (my step-uncle), who has power-of-attorney for his mother told the family that he notified Social Security of my grandfather’s death.  I thought the funeral director ...
  • Q & A: July/August 2019 Q:  I recently received a notice from Social Security that says I’ve been overpaid because I earned more than the allowable amount.  I started benefits at age 62 after losing my job.  I finally found a new one and I’ve been working for the past two years.  I’m now 65.  When I first tried to ...
  • Ask The Advisor: July/August 2019 What Can Be Done to Address Social Security Cuts Experienced by Teachers? Q:  A friend of mine who retired after 30 years of teaching recently learned that she will not be getting a Social Security widow’s benefit based on her husband’s work in a private sector job.  Because she gets her own pension from her teaching, ...
  • Q & A: January 2019 How is the Tax on Social Security Benefits Calculated? Q: My spouse and I retired in 2018, and this will be our first tax season with Social Security benefits. Can you explain how Social Security benefits would affect our taxable income? A:  If you receive income from one or more sources in addition to Social Security, chances are ...
  • Q &A: November 2018 What Can You Tell Me About Retroactive Social Security Benefits? Q: I’m turning 65 soon, and I’m not employed since I was caring for my husband who recently passed away.  I inherited our home and two retirement accounts, in addition to receiving a payout from life insurance when my husband died.  Now my mother’s dementia is ...
  • Q & A: October 2018 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 of years worked.  You will need at least ten years of earnings to qualify for retirement benefits based ...
  • 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 payment for the month of March.  Can this be true?  This is an unfair and callous ...
  • 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 the tax law will increase both the numbers of taxpayers whose Social Security benefits are taxable and the portion of ...
  • 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 income— but your spouse is still working — a portion of your Social Security benefits is likely to be subject ...

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