Retirement Answers from Retirement Experts!

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Asked by someone from NY on 8/10/2014
Steve Chen
Steve Chen,  says
If 66 is your full retirement age (likely) then you'll have not more work penalty, so you can earn anything and not have it lower your social security benefit that year. You can learn more here: http://www.newretirement.com/Services/Social-Security-When-To-Start.aspx (Read More)
Asked by a 62 year old from NY on 8/1/2014
Steve Chen
Steve Chen,  says
Congratulations - most couples need to set aside $366,000 just to cover health care costs in retirement - so your plan is worth a lot of money. http://www.newretirement.com/blog/2014/07/23/alarming-analysis-social-security-will-not-be-adequate-to-fund-your-out-of-pocket-healthcare-spending/ (Read More)
Asked by someone from WI on 8/11/2014
Steve Chen
Steve Chen,  says
Only earned income, your wages, or net income from self-employment, is covered by Social Security. Income from other sources like pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes - so you won't pay social security taxes on these and they also won't result ... (Read More)
Asked by someone from CA on 8/28/2014
Raymond Denton
Raymond Denton, Reverse Mortgage Consultant says
How much is your current mortgage payoff? With me, on the fixed interest rate program, I never charge an Origination Fee, and will pay many of the fees, and sometimes all of them, depending on the amount of your mortgage payoff, and interest rate. (Read More)
Asked by a 87 year old man from WA on 8/12/2014
Steve Chen
Steve Chen,  says
Congratulations on achieving financial independence - something almost no one reaches. You can use our calculator to validate your plans if you want a second opinion: https://www.newretirement.com/retirement-calculator/default.aspx (Read More)
Asked by someone from VA on 8/14/2014
Steve Chen
Steve Chen,  says
If you are asking how much income (from your pension) impacts your social security benefits, there this should help: If you claim Social Security benefits at age 62, then you will be penalized if you make over a certain amount of money. If you are younger than full retirement age during, you can earn up to $15,120 in 2013 dollars without it ... (Read More)

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