Sentences with phrase «adjusted social security payment»

During retirement phase, investors» federal tax bracket is determined by the withdrawal amount together with $ 20,000 inflation - adjusted Social Security payment each year, subject to additional 5.2 % state tax.

For example, financial planner and Texas Tech associate professor John Salter demonstrated how different claiming strategies, such as filing and suspending and filing a restricted application, that can significantly boost the amount of inflation - adjusted Social Security payments over a lifetime and how a reverse mortgage might be used as a back - up line of credit that can be drawn on during prolonged market downturns to reduce the chance of running out of money.

Not exact matches

But if you're covering most of your essential expenses from Social Security, pensions and (if needed) annuity payments, you should have flexibility to adjust withdrawals as needed.

True, Social Security payments are adjusted for the cost of living, but neither of those amounts would allow most people to live large.

The amount of your Social Security payments during retirement are automatically adjusted for cost of living increases, but your retirement savings remain flat unless you're in a special type of fund.

According to the U.S. Government Accountability Office: «The Social Security benefit formula adjusts monthly payments so that someone living to average life expectancy should receive about the same amount of benefits over their lifetime regardless of which age they claim.

According to the U.S. Government Accountability Office: «The Social Security benefit formula adjusts monthly payments so that someone living to average life expectancy should receive about the same amount of benefits over their lifetime regardless of which age they claim.