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Asked by someone from WV on 3/2/2015
Personal Financial Planning Department
Personal Financial Planning Department, CFP says
You can find the status of your Social Security Retirement Benefits online by setting up a my Social Security account. You can use your account to check your earnings and get your benefit estimates. If you receive benefits you can also: • Get your benefit verification letter • Change your address and phone number • Start or ... (Read More)
Asked by someone from WV on 3/2/2015
A NewRetirement User says
Do you mean Social Security? If yes, do you have an account on ssa.gov, where you can review your entire SS history and see other info specific to you. (Read More)
Asked by a 62 year old woman from WI on 5/29/2012
A NewRetirement User says
You'll have to pay considerable taxes on the lump-sum distribution. Suggest visiting irs.gov, particularly Form 4972 and its instructions. The following is a short excerpt from the Instr. Use Form 4972 to figure the tax on a qualified lump-sum distribution you received in 2014 using the 20% capital gain election, the 10-year tax option, or ... (Read More)
Asked by someone from CA on 3/1/2015
Personal Financial Planning Department
Personal Financial Planning Department, CFP says
Based on the information you provided in your question, I have estimated that your full retirement age for Social Security benefits is age 66 (born in 1949). Since you'll turn 66 this year, your Social Security reduction is less than it would have been the year before. You're benefit will be reduced $1 for every $3 earned up until your birth month ... (Read More)
Asked by someone from CA on 2/9/2015
Tricia Drago
Tricia Drago,  says
Reverse Mortgages are first position liens. Depending on the value of your home, a potential lender might be willing to take a second position in order to extend you an equity loan but it may be unlikely. If your home has greatly increased in value, as many homes in California have since 2012, you might be eligible to refinance your Reverse ... (Read More)
Asked by a 68 year old woman from IL on 2/6/2015
Tricia Drago
Tricia Drago,  says
First I am sorry to hear of your loss. Sounds like you are doing the right thing by exploring your options while you still have equity left. Although I cannot provide you advice on how to proceed I can give you a suggestion for a possible solution. If you feel comfortable with selling your home, you may want to look into a Reverse Mortgage for ... (Read More)

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