The Senate voted early this morning to repeal GPO/WEP. President Biden says he'll sign it. Passage was just ahead of the continuing resolution to avoid a government shutdown.
OpenSocialSecurity indicates we should start Social Security now. Our situation:
* me, over 70, CSRS retirement, no Social Security
* her, over 62 but under 70, eligible for Social Security
We had been delaying SS for her to 70, which OpenSocialSecurity and the considered wisdom here recommended. Now that I can receive 1/2 of her FRA, it says to start now.
I understand about IRMAA and tax brackets. 85% of the SS will be taxed for us. Any other concerns?
The act applies to the start of 2024. Is there value in getting the lump sum for earlier as well?
OpenSocialSecurity indicates we should start Social Security now. Our situation:
* me, over 70, CSRS retirement, no Social Security
* her, over 62 but under 70, eligible for Social Security
We had been delaying SS for her to 70, which OpenSocialSecurity and the considered wisdom here recommended. Now that I can receive 1/2 of her FRA, it says to start now.
I understand about IRMAA and tax brackets. 85% of the SS will be taxed for us. Any other concerns?
The act applies to the start of 2024. Is there value in getting the lump sum for earlier as well?
Statistics: Posted by trueblueky — Sat Dec 21, 2024 6:33 am — Replies 6 — Views 559