• 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 ...
  • 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 Social Security would boost our benefits to cover dependent minors?   A:  Experts say that substance abuse ...
  • 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 I was told I could work and receive benefits at the same time. I was told that if ...
  • 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 ...

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