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Asked by a 61 year old man from IA on 8/20/2016
Henry Hebeler
Henry Hebeler,  says
Theoretically, the best answer will be the lower of (1) the mortgage interest rate adjusted for the tax deduction or (2) the after-tax return on your investments because any loan is a negative investment. But there are other conditions. You will always need enough savings left after paying cash to meet emergency and replacement needs the rest of ... (Read More)
Asked by someone from AL on 8/19/2016
Henry Hebeler
Henry Hebeler,  says
Only a wage earner who has not yet reached FRA will lose part of Social Security due to working wages. When 65,. your penalty will be $1 for every $3 you earn above roughly $50,000. Contact your local SSA office to get the exact amount because it changes every year. (Read More)
Asked by a 59 year old man from MD on 8/8/2016
Henry Hebeler
Henry Hebeler,  says
Contact your local Social Security Administration office. They can answer that as well as tell you the amounts you are due for both the railroad and social security benefits after you give them your SS number. (Read More)
Asked by a 65 year old woman from SC on 8/22/2016
Steve Chen
Steve Chen,  says
If you are under your full retirement age and claiming social security then the income limit is currently $15,720 https://faq.ssa.gov/link/portal/34011/34019/article/3739/what-happens-if-i-work-and-get-social-security-retirement-benefits (Read More)
Asked by a 64 year old man from OR on 8/19/2016
Steve Chen
Steve Chen,  says
Thanks for your feedback. The Retirement Calculator and Planning tool make some high level assumptions about taxes before and during retirement. You can see these in the Assumptions page in the tool. We are steadily adding more granular controls for users to do richer modeling and tax handling is on our product road map, so you should see better ... (Read More)
Asked by a 61 year old man from CA on 8/18/2016
Steve Chen
Steve Chen,  says
If your question is regarding whether you'll be subject to the social security work penalty - the answer is no. Only wages from earnings are subject to the work penalty. https://faq.ssa.gov/link/portal/34011/34019/article/3739/what-happens-if-i-work-and-get-social-security-retirement-benefits You should consult a tax expert about whether ... (Read More)

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