Ask Rusty: Will taking 401K distributions affect my Social Security benefit?
National Social Security Advisor
Association of Mature American Citizens Foundation
Dear Rusty: I’m 63 and retired from work, but not drawing Social Security. I have accumulated just over $300,000 in my rollover 401K IRA. My wife is still working full time, so we have medical, dental and vision coverage. I have a few questions:
1) When I take IRA distributions throughout the year, do those dollar amounts get reported to Social Security as income?
2) If not, will my SS benefit change (will I be penalized?) for not working and having zero income as I continue to withdraw investments and show no income?
By Victoria Spartz 40% of the Border Patrol workforce processing migrants instead of safeguarding the border.
Photos provided $400M per month in estimated profits for the drug cartels just from human trafficking. Spartz talked with Border Patrol and accessed the dire situation at hand. • • • • As a member of the Immigration Subcommittee, I have traveled to multiple sectors of the southern border in recent weeks, seeing first-hand the surge of migrants coming into the U.S. and what is undoubtedly a humanitarian and national security crisis.
I first joined Democrat colleagues to visit the El Paso sector before traveling to McAllen and Eagle Pass, Texas with Republican members of House Judiciary and the Republican Study Committee.
Dear Chairman Wyden, Chairman Neal, Ranking Member Crapo, and Ranking Member Brady:
On behalf of the undersigned taxpayer, free-market, and consumer advocacy organizations, we ask you to prioritize and pass a number of tax relief measures this year that will aid in America’s economic recovery from the COVID-19 pandemic. Pro-growth tax policy that boosts GDP, jobs, and wages should be a legislative priority at any time but has taken on an added importance as policymakers look to help businesses and workers return to the economic gains of the pre-COVID U.S. economy.
Specifically, we hope your Committees and Congressional leadership will prioritize the following this year:
Coalition Letter: Fix the Ban on State Tax Cuts | Independent Women s Forum iwf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iwf.org Daily Mail and Mail on Sunday newspapers.
Ask Rusty – Will My Widow’s Benefit Replace My Own SS?
AMAC Certified Social Security Advisor for Association of Mature American Citizens
Dear Rusty: My husband is 76, retired for 4 years, and receiving Social Security. I am only 59 and still working. We are both in good health and I’d like to think we still have many years to enjoy retirement. My question: Is it true that if I start SS at 62, I can switch to my husband’s SS when he passes? If this is true (and his amount is slightly higher than my FRA amount), wouldn’t it make sense for me to begin collecting at 62? Signed: Younger Spouse