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Asked on 10/16/2012
A NewRetirement User says
Hi Ron, Its rather difficult to find a true person as on the paying dating websites these people masquerade and use many other websites as well. Even with free websites one has to be careful. One has to be extremely cautious as to who they respond to. I retired at the end of last year 2016 and have found so much to do to in my day, but it would ... (Read More)
Asked on 7/9/2010
A NewRetirement User says
My social security statement shows the amount of my benefit if I stop working and collect at 62. Will the amount still increase by delaying collecting and will it increase as significantly or will it be pretty much the same as if I started collecting at 62? (Read More)
Asked by someone from WA on 4/20/2017
Henry Hebeler
Henry Hebeler,  says
You will be taxed for withdrawals no matter how you reinvest the money. Within any qualified (eg. IRA, 401(k) etc.), you can switch securities any way you want without incurring taxes. It's only securities that are outside qualified accounts that are taxed. One thing you might consider is rolling over your 401(k) to a rollover IRA and then to a ... (Read More)
Asked by a 63 year old man from NY on 4/19/2017
Henry Hebeler
Henry Hebeler,  says
YES! I suggest you delay to 70 if you will still have enough savings for a conservative emergency funds at that age. (Read More)
Asked by someone from PA on 4/2/2017
Henry Hebeler
Henry Hebeler,  says
I take it that you are a lot older than your family. Social security benefits for minor dependents are very much situation dependent but very unlikely to be as high as you mention. If your wife begins to work before her full-retirement age and starts drawing social security early, she will get a lower amount for her own social security between ... (Read More)
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Asked by someone from PA on 4/21/2017
Steve Chen
Steve Chen,  says
If you are referring to the work penalty for Social Security - that is based on income not savings. If you claim Social Security below your full retirement age (likely 66) then you are subject to the "work penalty" basically "We use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire ... (Read More)

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