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Taking SS Early - Tax Related Question
Old 05-16-2007, 11:54 AM   #1
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Quote:
Originally Posted by megacorp-firee
I do have a question that has NOT been addressed here, and that is of the tax consequences of taking it early or late. If you have a lot of taxable income (say 70K counting pension and income from portfolio), does it make sense to defer to later so that you actually net more. DON'T ANSWER HERE... I will start another thread.
Starting a new thread from the related subject of taking SS early.
Has anyone taken a look at the tax consequences of taking SS at 62 if you have a sizeable taxable income. For example a $50K pension and $20K of dividends and interest generated from portfolio. Assume that dividends are qualified and interest is taxed at regular income tax rates. Thanks.
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