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Asked by someone from NY on 5/27/2019
Michelle Dash
Michelle Dash, Financial Advisor says
Thank you for your question. I believe you inquiring about the mandatory 20% federal withholding to the taxable portion of distributions from a 401k, 403b or similar retirement accounts. Please note, that in in addition sate income taxes may be withheld as well as 10% penalty if you are under age 59 1/2. Based on your individual situation, if you ... (Read More)
Asked by a 45 year old man from NV on 5/26/2019
Michelle Dash
Michelle Dash, Financial Advisor says
Your Social Security benefit will be reduced by approximately 8% per year based on your full retirement age. Partial years will be prorated. If you know your benefit at full retirement mage, you can use the Social Security calculator on New Retirement to estimate your benefit at different ages. Alternatively, you can call a Social Security office ... (Read More)
Asked by a 45 year old man from MN on 5/24/2019
Michelle Dash
Michelle Dash, Financial Advisor says
You need to complete Form W-4V to request or stop taxes being withheld from Social Security. You can choose to withhold 7, 10, 12 or 22 percent of your monthly benefit. This form is available on their website (link below) or you an call the Social Security office 1-800-829-3676. https://www.ssa.gov/planners/taxwithold.html (Read More)
Asked by someone from OR on 4/26/2018
A NewRetirement User says
You can try refinance Tampa reverse mortgage Tampa Tampa construction loan Tampa FHA Loan Tampa VA Loan Tampa Reverse Mortgage https://cambridgehomeloan.com/tampa-loan/ (Read More)
Asked by someone from FL on 5/19/2019
Michelle Dash
Michelle Dash, Financial Advisor says
The estimations provided by Social Security represent the amount before taxes. Your adjusted gross income will determine the rate, if any, will be taxed. (Read More)
Asked by someone from VA on 12/19/2018
Steve Chen
Steve Chen,  says
Hi, I'm not familiar with any of them so can't offer an opinion. For what it's worth - there are an increasing number of fee only and hourly financial planners available. Here's an overview of the kind of planners out there: ... (Read More)

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