Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (28) | Ignore Thread Prev | Next
Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124963  
Subject: Re: 401k withdrawal taxes at retiremtent Date: 7/9/2013 1:58 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
The following I have read. We aren't yet to the point of drawing Social Security, so I haven't personally verified that it is true.

There is an option to restrict Social Security benefits to the benefits of a spouse. The "primary" spouse Social Security benefits are started and immediatly suspended. This allows the spouse to draw benefits, while the Social Security benefits continue to increase.

One or both spouses starts and suspends their Social Security, and then only spousal benefits are drawn. Benefits can be converted to you own at any time. Depending on your wife's age, you might be able to draw some Social Security between 66 and 70, while still accuring the maximum benefit at 70.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (28) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.