Question: I am 63 and my wife is 62. My wife's projected social security benefit at age 62 is $700 per month. At age 66 her benefit is $800 per month. My projected social security benefit at age 62 is...
Question: My husband and I are 63 years old. He lost his job due to a cutback last May and has had no success in getting another. I went back to work as a legal ass't and make about $45,000...
Question: my wife has appx. 220k in an ira. she has also becomed disabled this last year. she is also drawing ssi disability. i would like to know if we file our income tax seperate but married. her ssi disability...
Question: Thank you for your financial advice! I would like to know the optimum age for my wife especially, and also for me, to start taking social security. I am age 62, my wife will turn age 63 in one...
Question Some of my former co-workers retired two years ago and warned me of the tax consequences of accessing social security benefits prior to the age of maximum benefits. What does not count as income in creating taxable social security...
The entry below is posted on behalf of Lynn Lawrance, CFP: Question: I would like information on immediate annuities. How is the payout determined? Do interest rates have any bearing on the payout? If I purchase the annuity, I will...
I have a friend who has never been on Social Security, nor is she registered with Medicare, having another health plan. But she received her Stimulus check in the mail last week. Question: she wants to know what to do...
The answer below is posted on behalf of Lynn Lawrance, CFP Two part question: 1. Can my mom put her money in a cd in her name and mine in the format of "Mom (her name) or daughter (my name)...
Question: My wife and I will both be 62 next year. Her benefit at 62 will be $552 per month. My benefit will be $1563. I do not plan to begin until 66 when my benefit will be $2123. If...
Question: I am 58 and live on my defined benefit plan which I receive monthly. At age 59 and one half, I plan to use distributions from my retirement accounts that while working I paid at a rate of 25%....
Question: My husband is 63 and I am 61. I have applied to take my Social Security beginning March 2009. I have worked off and on all our married life and it will be about $571. a month. My initial...
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