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re: Congress is considering big changes to the way you retire
Posted on 8/10/19 at 9:12 pm to HailToTheChiz
Posted on 8/10/19 at 9:12 pm to HailToTheChiz
quote:Or more importantly, $100,000 for couples filing jointly. That's a nice tax cut for couples who've planned for their retirement properly and don't want to have to pay so much tax on their social security income.
The plan also would increase the amount of non-Social Security income one can earn before benefits begin to be taxed. The new limits would go to $50,000 for individuals and $100,000 for couples, up from today's $25,000 and $32,000 thresholds.
So a "retired" individual can withdraw and continue to work with a $50,000 a year salary?
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