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Hi Karl:
Thanks a lot for taking time to respond. My follow up question: Is pension income treated like earned income for social security benefits reduction? I learnt that a social security recepient between 62 & 65 can earn upto $11,500 without any reduction in SS benefits. Also can I fund IRA & Roth IRA out of pension benefits in the future.

I plan to retire sometime during next year. I'll be 62+ and intend to apply for SS as soon as I retire. Does it matter how much I will have earned before applying for SS during 2003. I plan to fund 457, 401a, Roth IRA to the max allowed before retiring out of earned income. I'll settle on retirement date after I get a clear picture how to maximize tax planing.

Any source for further reading will be appreciated.

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