Q. I have read about the new exemption on retirement income being phased in next year. The phase-in of the $100,000 exclusion increases at a rate of $20,000 per year, but after the full exclusion kicks in, there appears to be a significant income limitation on using the exclusion beginning in 2021. Can you explain?
Q. I decided to receive my Social Security benefits at age 62. As my wife reaches age 62, she also will accept the reduced amount. Question is: After my death, can she drop her Social Security value and receive my Social Security value maximum amount at my age of 70?
Q. I have a question about executor fees. What would happen if the executor takes the fee for the sole purpose of giving the money to a grandchild of the decedent who was left out of the will? How would that work related to the IRS or state?
Q. My wife worked at a Pantry Pride supermarkets for a few years while in high school and after. She recalls contributing to a pension and wondered if/how to find out if she can check if she can claim it after all these years.