Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: carriage_hill; mancini

Right, I took it at 62 also.

But that has no bearing on the fact that you have to pay income tax on part of those benefits if your taxable non-SS income is more than the gov’t. thinks you deserve.


34 posted on 11/08/2012 5:56:49 AM PST by Roccus
[ Post Reply | Private Reply | To 31 | View Replies ]


To: Roccus

I haven’t applied, and was going to wait until 67. But I’m having 2nd thoughts, now. I have a nice 401K for 65, and an $8.5mm Family Farm Business (closed 2011) for sale, but I’ll be lucky to get $1.5mm for it, if I can even sell it, in this 0bummer-destroyed economy. And cap gains tax jumps-up on Jan 1st, again dbl-taxing any sale monies. Screwed anyway I turn. My corp/personal CPA and I are looking at options.


36 posted on 11/08/2012 6:06:21 AM PST by carriage_hill (America - a great idea while it lasted... it's over.)
[ Post Reply | Private Reply | To 34 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson