by Claudia Mott | Jul 1, 2022 | Senior Freeze
This post, authored by Claudia Mott, originally appeared on NJMoneyhelp.com Q. I have been in the New Jersey Senior Freeze program for several years. My township is undergoing a townwide property evaluation. I have no property improvements. Will there be any negative... 
by Claudia Mott | Apr 22, 2022 | 401(K), unemployment
This post, authored by Claudia Mott, originally appeared on NJMoneyhelp.com Q. What happens to your 401(k) if you get fired? — Concerned A. We’re sorry to hear that you lost your job, but your 401(k) should not be a problem for you. A company-sponsored 401(k)... 
by Claudia Mott | Apr 8, 2022 | 401(K), Medicare
This post, authored by Claudia Mott, originally appeared on NJMoneyhelp.com Q. Does 401(k) income count against your Medicare premium? — Unsure A. The calculation of Medicare premiums is important to understand. Let’s start with the basics. Medicare insurance is... 
by Claudia Mott | Jan 14, 2022 | Senior Freeze
Q. I didn’t qualify for Senior Freeze in the 2018 to 2019 years because my taxes didn’t go up, but they skyrocketed in 2020. I meet all the requirements for the Freeze except I didn’t file state or federal tax returns in 2019 because I didn’t make the minimum required... 
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...