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30 10, 2020

Social Security Benefits: Should You Take Them Early, or Wait as Long as Possible?

By |2020-11-13T19:35:53-07:00October 30th, 2020|Categories: Retirement Planning, Tax Planning|Tags: , , |0 Comments

When you reach age 62, you are eligible to begin taking the Social Security benefits that you have paid into throughout your working life. While this is an exciting milestone and you may be eager to start receiving your share, you will be entitled to a greater benefit for each year that you defer taking

9 06, 2020

How IRA Distributions May Affect Your Social Security and Medicare Benefits

By |2020-06-13T20:21:45-07:00June 9th, 2020|Categories: IRAs, Retirement Planning|Tags: , , , , , |0 Comments

Taking distributions from your retirement account will not reduce your Social Security benefits. However, these distributions will add to your income, which will affect the taxes you pay and could cause your Medicare premiums to rise. Added to any wages and other income sources, distributions from traditional individual retirement accounts and 401(k)s are taxable and

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