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My Social Security income hurts when I file my taxes - The Paper of Montgomery County

Dear Rusty: I am getting hammered with taxes on my Social Security (SS). I am retired and draw a meager work pension and SS benefits. When my wife and I fi ....

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Ask Rusty — Should I claim family benefits?

Dear Rusty:
I was born in 1956 and my wife in 1961. Iâve got 45 years of SSA earnings, and I will have income in 2021. We have 4 minor children, the youngest born in 2012. When is the best time for us to apply for benefits? Are we eligible for family benefits? My statement infers that we are.
Signed: Older Dad
Dear Older Dad: Born in 1956, your full retirement age (FRA) for Social Security purposes is 66 years and 4 months. If you claim your SS benefit at any time before your FRA, it will be permanently reduced. If, for example, you claimed your SS benefits now, the amount would be permanently cut by about 14%. Your wifeâs FRA is 67 and, similarly, she will receive a reduced SS retirement or SS spousal benefit if taken any time before her FRA. ....

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7-25 Social Security Matters

7-25 Social Security Matters
clevelandbanner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from clevelandbanner.com Daily Mail and Mail on Sunday newspapers.

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When should I claim my survivor benefit? - The Paper of Montgomery County

When should I claim my survivor benefit? - The Paper of Montgomery County
thepaper24-7.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepaper24-7.com Daily Mail and Mail on Sunday newspapers.

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How will wife's benefits be impacted by his pension? - The Paper of Montgomery County

How will wifeâs benefits be impacted by his pension?
By Russell Gloor, AMAC Certified Social Security Advisor
Saturday, February 13, 2021 10:46 AM
This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC Foundation’s staff, trained and accredited by the National Social Security Association (NSSA). NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (amacfoundation.org/programs/social-security-advisory) or email us at ssadvisor@amacfoundation.org. ....

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