Jan 21

I will be collecting social security in a few years. How much can I take from my IRAS without effecting my social security?


5 comments so far...

  • wartz Said on January 21st, 2010 at 10:25 pm:

    As much as you want. IRA distributions are not earned income.

  • taxreff Said on January 21st, 2010 at 11:02 pm:

    Wartz is correct, as only earned income affects the amount of your social security check.

    While your IRA income will not reduce your social security amount, it may cause (along with any other income you may have) part of your social security to be subject to income tax.

  • acmeraven Said on January 21st, 2010 at 11:11 pm:

    I will provide you with two answers as i am not sure if you mean tax on SS or what. Since IRA withdrawals are not earned income there is no limit to what you take out; it will not affect your SS or cause it to be cut. Second part; if all other income plus your SS go through the trigger points then up to 85% of your SS will go backk into your income for taxes. Single is 25K and married, filing joint is 32K. Hope this answers your question?

  • prescientone Said on January 21st, 2010 at 11:43 pm:

    Withdrawals from your IRA will not affect your Social Security benefits. Only earned income, such as wages…will affect your Social Security benefits

  • ssadviceonline Said on January 22nd, 2010 at 12:22 am:

    Social Security does not count money from an IRA for annual earnings test purposes. However, when you reach age 65 your Medicare premium will be determined by your annual income and IRA withdrawals will count.

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