I was forced to retire last year in March. Fortunately, I'm over 65 and had/have money saved up. However, taxes have me concerned. For the first time in my life, I am going to an accountant. Hubby is still working, plus he's federal employee. When he retires, it is going to be "interesting." I am familiar with "offset" but still don't understand how that's going to work for us.
Thanks for commenting, Suzie. And though it sounds like it wasn't your decision, congrats on your retirement!
A good accountant and/or financial advisor can help you understand how Social Security and any pension income your husband have work in terms of the money you'll receive and the taxes you'll pay.
For now, I wish you the best as you have some "interesting" times to look forward to 😉
I was forced to retire last year in March. Fortunately, I'm over 65 and had/have money saved up. However, taxes have me concerned. For the first time in my life, I am going to an accountant. Hubby is still working, plus he's federal employee. When he retires, it is going to be "interesting." I am familiar with "offset" but still don't understand how that's going to work for us.
Thanks for commenting, Suzie. And though it sounds like it wasn't your decision, congrats on your retirement!
A good accountant and/or financial advisor can help you understand how Social Security and any pension income your husband have work in terms of the money you'll receive and the taxes you'll pay.
For now, I wish you the best as you have some "interesting" times to look forward to 😉