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Asked by someone from MI on 10/24/2016
Henry Hebeler
Henry Hebeler,  says
You will pay ordinary income tax on it, but not FICA. (Read More)
Asked by someone from AZ on 11/1/2016
Henry Hebeler
Henry Hebeler,  says
Yes, but not at the full ordinary income tax rate. (Read More)
Asked by someone from MI on 11/14/2016
Henry Hebeler
Henry Hebeler,  says
Yes, sign up before 65. Talk to SSA rep if you have insurance that covers you from work until you retire. Some work policies require that you take Medicare at 65. (Read More)
Asked by someone from GA on 11/16/2016
Steve Chen
Steve Chen,  says
Your Social Security benefit is based on your top 35 years of work income, so if you are making more than the lowest amount you make during those 35 years then yes you will see a higher monthly benefit. https://www.ssa.gov/oact/progdata/retirebenefit1.html You can run some estimates here: ... (Read More)
Asked by a 62 year old man from NY on 11/11/2016
Steve Chen
Steve Chen,  says
Yes assuming that you have qualified to receive social security benefits, then the longer you delay the greater the monthly benefit you'll get. Roughly you'll get a ~ 75% higher monthly benefit if you delayed from 62 to 70. You can run some calculations here: ... (Read More)
Asked by someone from IA on 10/31/2016
Steve Chen
Steve Chen,  says
Yes and since he's reached his full retirement age he won't face the "work penalty, however the longer he delays the greater his monthly check - which also influences survivors benefits. You can run some Social Security optimization calculations here: https://www.newretirement.com/Services/Social_Security_Start_Age_Calculator.aspx You may ... (Read More)

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