Q&A: How Does Work Affect My Social Security Survivor Benefits? Q: If you collect widow survivor benefits at age 60 are you restricted as to how much you can earn and still collect benefit monthly? A: Yes, the Social Security earnings limit applies to survivor benefits just like it does for retirement benefits. If you […]
With low interest rates, rising medical costs, and a slow economy, more and more retirees are going back to work, at least part time. According to the Bureau of Labor Statistics, workers age 55 and older are working 42 percent more part-time hours than they were 10 years ago. Unfortunately, if you are collecting Social […]
Once you start receiving Social Security disability benefits, your first question may be “is Social Security disability taxable?” Unfortunately, the answer to that question is “it depends”. Read on to find out what Social Security disability is, who must pay taxes on their benefits, and how to report your benefits at tax time. What is Social […]
For most people, Social Security retirement benefits are not taxable. However, about a third of people receiving retirement benefits must pay income tax on a portion of their benefits.