Kate
10-22-17, 9:10pm
Hi all,
I am having real difficulty trying to figure out what my tax situation will look like when I retire. I own my own house, single, 65 and kids are independent now. It looks like I'll get about $1200/month in pension, $200 in TIAA-CREF, and about $1300/month in ex-spousal SSI benefits at 66 and beyond. I know that only 50% of the SSI benefits will be taxed. Any of the calculators I've looked at seem way off. Any help appreciated! I may go to a tax professional for a one time estimate but was hoping to get a ballpark figure. I live in a state with no state income tax. Thanks!
I am having real difficulty trying to figure out what my tax situation will look like when I retire. I own my own house, single, 65 and kids are independent now. It looks like I'll get about $1200/month in pension, $200 in TIAA-CREF, and about $1300/month in ex-spousal SSI benefits at 66 and beyond. I know that only 50% of the SSI benefits will be taxed. Any of the calculators I've looked at seem way off. Any help appreciated! I may go to a tax professional for a one time estimate but was hoping to get a ballpark figure. I live in a state with no state income tax. Thanks!