At 63 He Collects Social Security and Pulls $90,000 a Year From His IRA. The Earnings Test Everyone Warned Him About Has Never Touched His Check, Because the Agency Only Counts Wages
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The post At 63 He Collects Social Security and Pulls $90,000 a Year From His IRA. The Earnings Test Everyone Warned Him About Has Never Touched His Check, Because the Agency Only Counts Wages appeared first on 24/7 Wall St..
If you claimed Social Security before full retirement age and rely on your traditional IRA for living expenses, you have probably heard warnings about the Social Security earnings test. Under SSA rules, the earnings test doesn’t apply to IRA withdrawals. A 63-year-old
If you claimed Social Security before full retirement age and rely on your traditional IRA for living expenses, you have probably heard warnings about the Social Security earnings test. Under SSA rules, the earnings test doesn’t apply to IRA withdrawals. A 63-year-old
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