General

Full question: My full retirement age is May 30th 2025. How do I answer the question when do I want to start receiving my benefits. Do I put May or June? Hi there, I assume that you want to file your benefits at your full retirement age so you should put May, the month you…

Full question: What is included in the annual earning limit of $22,320 in 2024? W-2 payments? What about income from land rent? Sale of a business? Pensions payments? Hi there, The earnings test threshold limits only include earned income, which is W-2 payments and net self-employed income. Other income you mentioned is not earned. Take…

Hello, FRA stands for Full Retirement Age. FRA depends on the year you were born. It is the age that you receive 100% of your Social Security retirement benefit. For those born 1943-1954 it was age 66 and those born 1960 and after it is age 67. It goes up 2 months each year for…

Full question: My husband is age 50 and has been receiving SSDI income since age 30. I am 63 and intend to file for SS at age 70. Will my husband get a step up based on my PIA at my FRA or is it based on when he reaches his FRA? Hi there, When…

Hello, ROTH IRA funds are tax-free when withdrawn from accounts so are not included in the calculation of any income tax. They are therefore also not part of the calculation used to determine taxation of Social Security income. I hope this is helpful. Take care, Martha

Full question: My wife will be able to start her minimal Social Security benefits January 2025. If she does so can she switch to spousal benefits when she reaches full retirement age? And will those spousal benefits remain 50 percent of my FRA benefits or be reduced because of her earlier start? Hi there, This…