by Claudia Mott | Dec 18, 2020 | 401(K), Social Security, Tax Planning
Q. If I start taking Social Security at age 62, is there a ceiling on what I take out of my 401(k) for the year? I know that if I work there is a ceiling of approximately $18,000 before Social Security starts taking money back, but does that apply to disbursements of...
by Claudia Mott | Sep 25, 2020 | 401(K), 401(K) Rollover, IRA, IRA Rollover, Retirement
Q. I left my retirement funds in the 401(k) of my previous employer. It’s invested very conservatively, so I haven’t lost much since 2008 but I haven’t gained much either. Is there any advantage – or any reason – to move the money to an IRA? For all...
by Claudia Mott | May 22, 2020 | IRA, Retirement
Q. I was going to start withdrawing from my retirement savings after I turn 70 on June 15, 2020, but heard that the required age for withdrawals is now 72. I have $1,234 per month from Social Security. Should I let the retirement money grow? — Retired A. You’re...
by Claudia Mott | Aug 8, 2019 | 401(K), IRA, Pensions, Retirement
Q. Since many millenials are working for companies offering no pensions, would it be wise to get an annuity that could act like a pension? — Wish I had one A. There are very few pensions to find these days. You’ll still see them for public sector employees, but fewer...
by Claudia Mott | May 24, 2018 | Retirement, Social Security, Uncategorized
Q. In 2014, I applied for the Senior Freeze and received a payment for my property taxes. In 2016, I had my home reassessed through an attorney because there was a big increase. The court ordered that the Township reduce my property taxes by $980. I was happy, but...
