Ask Larry

Miscellaneous

Is It OK To Do A Rollover To A Traditional IRA?

I’m crossing guard for 27 years. I/m 80 years old.
My tax lady said to roll it over to my Traditional IRA.
I DRAW My deceased husband social security.
Is this ok?
Thank you
Pat

Hi Pat. You don't say what exactly that you're considering rolling over, so I can't give you a good answer. Furthermore, my expertise is limited to Social Security benefits so I can't weigh in on any tax advice you may have been given.

Posted: 
Sunday, August 15, 2021 - 10:22

How Do I Find Out If My Ex Is Still Living?

How do I find out if my ex is still living?

Hi. My expertise is limited to Social Security benefits, so I don't know if there is a foolproof way to determine if an ex-spouse is living. Social Security does get information from funeral directors and state death registries, so they are informed in most cases when a person dies. They don't release that information randomly, but if you think that you may qualify for survivor benefits in the event that your ex-spouse is deceased, Social Security may be able to tell you whether or not he or she has died.

Posted: 
Saturday, August 14, 2021 - 18:35

Why Did I Get A Deposit To My Account Today?

Why did i get a deposit to my account today

Hi. I have no way of knowing, but this is around the time of year that Social Security normally does their automated benefit recomputations. So, if you had Social Security covered earnings last year then you may have been due a rate increase that has just been processed, which could result in a lump sum payment of back pay. Or, it may be something totally different.

Posted: 
Saturday, August 14, 2021 - 08:24

Can The State Of Florida Fine Me For Working?

If you went on Florida Disability Retirement at age 50 because of constant joint pain and unable to work then and at age 80 you have found a new medication that makes it possible for you to work part-time will the State be able to fine you for working? My husband died 10 years ago and they did whatever they do and I collect that SS now. About 10 years ago I was working at a part-time job and they said I would have to pay back all the disability I had collected and other stuff so I quit. I really need more income and need to work part-time. Is there any way I can?

Posted: 
Wednesday, August 11, 2021 - 18:22

Did I Receive A Bill From Social Security Because Of An IRA Withdrawal Or Because I Owe The IRS Money?

I owe the IRS a sum of money declared “non-collectible” in 2020.

I began collecting social security benefits in 2018 when I was 65. In 2020, after the taxes were declared non-collectible, I received a bill from social security for $3428.

Was this based on my increased income (IRA withdrawal) for that year or because I owe the IRS money?

Posted: 
Sunday, August 8, 2021 - 13:36

Does Social Security Stop Doing SS Statements Once You Start Benefits?

Dear Mr. Larry,
I am 65 and plan to take my SS next year at FRA. I view my SS statement every month on the SSA website. I read another post on your website where someone said they could no longer see their SS statement after they started SS at age 70. My question is, does the SSA quit doing SS statements once you start benefits, even at FRA? If so, do you get some kind of a notice or statement online or in the mail showing your new benefit amount each year for COLA increases?
Thanks, Wilbert

Posted: 
Saturday, August 7, 2021 - 17:09

What Options Do I Have?

I just started So sec retirement and got taken off SSI. I was fine with SSI. I live alone and was receiving enough to live on. Now with Soc.Sec. I'm subject to all sorts of garnishments and I must pay for medicare. i have an old child support case in arrears due to my being disabled. After chils support and medicare deductions, I'm left with $347.00 to live on. Is it legal to garnish so much the operson will be forced into homelessness? With SSI I was receiving$794.00 SSI and $87.00 SSP for a total of $881.00 which was enough for me to live on. Now I don't know what to do.

Posted: 
Saturday, August 7, 2021 - 10:58
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