I just turned 64 and have always relied on my husbands financial assessments. This time I have doubts and please prove me wrong. We have approximately 1.3 million in an IRA and 700k in assets. He claims that taking my meager SS benefits would cost us more than if I didn't.
We are both retired and the IRA is our only source of income. He says that we would have to file separately and the tax burden would negate the $500 or so that I would receive.
I hope he is right but I can't help wanting a second opinion. I want to take the benefits now because I'm not in the best of health and don't see more than a few years in my future. Every little bit counts.
Submitted October 14, 2020 at 05:27PM by suzy https://ift.tt/2FtGYkm
