Tax changes for NJ retirees
Q. Can you explain about before vs. after-tax savings for retirees? For example, I plan to retire in 2018 and will have a pension of about $40,000, filing taxes as single. I don’t expect additional income. What would I owe in taxes under the new bill that gives help for retirees?
When disability turns into retirement
Q. I had a question about your recent story about Social Security survivor benefits. My husband passed in September of 2015 at 66 I was told by that since I started getting disability in that same year and it was more than his benefits, I couldn’t get any of his...
Good news for NJ retirees
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. …
Retirement withdrawals for mortgage and car payments
Q. My husband and I have discussed using a substantial amount from our retirement accounts to either pay off our home or the SUV. I’m retired with a pension from the state but not eligible for Social Security for another two years, and my husband is 62 and still working. He wants to retire, b…

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