Trump Truth: NO TAX FOR SENIORS ON SOCIAL SECURITY!
(files.catbox.moe)
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I'm 60. Do I fall under this catagory? I've been receiving SS since I was 57 and now I'm chewing my fingernails worrying if Trump will let me keep all my earnings or since I'm not that magical age of 65, will I have to pay taxes on it?
He specifically says he is not raising the age
I'm guessing not based on what I hear. Btw, have you been paying penalty for early withdrawals?
Early withdrawl?. I'm assuming that has to do with collecting SS before 62. TBH...IDK. I know when I hit 62 I will get a 10% increase, now is that considered a early withdrawal penalty and I'll collect my full SS at 62?
It says "Generally, money taken out of an IRA before age 59 ½ is subject to a 10% early withdrawal penalty" (source). So I guess that matches your expectation of 10% increase at 62.