logo
Log In Subscribe e-Edition Archives
logo
Log In Subscribe e-Edition Archives
Google Play App Store
  • News
  • Sports
  • Lifestyle
  • Photo Gallery
  • Columns/Opinions
  • Obituaries
  • Classifieds
  • Public Notices
  • Special Sections
    • News
    • Sports
    • Lifestyle
    • Photo Gallery
    • Columns/Opinions
    • Obituaries
    • Classifieds
    • Public Notices
    • Special Sections
Columns/Opinions
July 31, 2024
Should I Retire at 65 or 67? And What About Earnings & Taxes?

Dear Rusty: I’m just trying to figure out how to determine whether to retire at 65 or 67 and, if I retire, approximately how much could I make outside of my Social Security without being overly taxed. Signed: Thinking About Retiring Dear Thinking: Deciding when to retire is serious business, because it affects your future and what your retirement income will be going forward. Thus, it’s good you are taking the time to fully understand your options, and we’re happy to assist you with that. Here are some things which should help you decide whether to retire at 65 or 67: · Social Security benefits are subject to income tax (by the IRS) if your combined income from all sources (which includes your Adjusted Gross Income on your tax return, plus half of the SS benefits you received during the tax year) exceeds certain thresholds for your income tax filing status. If you file your income tax as “married/ jointly” and your combined income from all sources is more than $32,000, then 50% of your received SS benefits are subject to income tax (at your normal IRS tax rate). But if your combined income as a married couple is more than $44,000, then 85% of the SS benefits you received during the tax year becomes part of your taxable income. FYI, the taxation thresholds are lower for those who file taxes as an individual ($25,000 and $34,000 respectively).

ePaper
coogle_play
app_store
It might also interest you...
It’s Time To Prepare!
News
It’s Time To Prepare!
For Sales Along 84
By Craig Franklin Editor 
June 25, 2025
Officials urge businesses/residents to make preparations for September’s Sales Along 84 “People from other states have already contacted us and told u...
this is a test
A: Main, News
Ways to Prepare for Sales Along 84:
June 25, 2025
1. Businesses/Restaurants are asked to extend hours. Businesses encouraged to stay open at least 8 a.m. – 5 p.m. and restaurants stay open later into ...
this is a test
Jena Survives Two Nights With No Water
A: Main, News
Jena Survives Two Nights With No Water
Cleanup begins as water project is completed
By Craig Franklin Editor 
June 25, 2025
Cleanup begins as water project is completed For two nights last week, the Town of Jena’s water was completely shut off as contractors completed the f...
this is a test
Olla Woman Honored For Weight Loss Success
A: Main, News
Olla Woman Honored For Weight Loss Success
Submitted Article 
June 25, 2025
TOPS Club, Inc. (Take Off Pounds SensiblySM), the nonprofit weight-loss support organization, is unveiling its “royalty” for 2024. TOPS royalty are wo...
this is a test
Newspaper In Education Deemed Successful
A: Main, News
Newspaper In Education Deemed Successful
Staff Report 
June 25, 2025
As the final school bell rang signaling the end of the 2024-2025 school year, it also signified the end of the first ever, LaSalle Parish Newspaper in...
this is a test
Mahmoud Khalil No Longer In Jena Facility
News
Mahmoud Khalil No Longer In Jena Facility
By Craig Franklin Editor 
June 25, 2025
Approximately 30 individuals said prayers of thanksgiving for the release of Mahmoud Khalil Saturday afternoon, June 21, as another caravan of protest...
this is a test
ACE Circular
ePaper
coogle_play
app_store
ACE Circular
ePaper
coogle_play
app_store
Search Public Notices

The Jena Times
OLLA-TULLOS-URANIA SIGNAL
P: (318) 992-4121

Office Hours:
Mon-Fri, 8am-4pm
Sat-Sun, Closed

This site complies with ADA requirements

© The Jena Times

  • Advertisers
  • Contact
  • Privacy Accessibility Policy