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TaxRobin
TaxRobin, Tax Preparer
Category: Social Security
Satisfied Customers: 13328
Experience:  15+ years in tax preparation and instruction
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Will withdrawals from my IRA count as income and effect my

Customer Question

Will withdrawals from my IRA count as income and effect my social security Benefits? I am 64 years old. My IRA consists of money rolled from a 401K, and was essentially all pre-tax contributions to that 401K.
Submitted: 5 months ago.
Category: Social Security
Expert:  TaxRobin replied 5 months ago.

Hello

Your IRA will be income and could make some of your SS taxable.

If you are receiving SSI then the pension would effect the amount you could receive.

If your benefits are based on your work history then no, the distribution would not effect your benefit payment. Social Security does not count pension payments, annuities, or the interest or dividends from your savings and investments as earnings. They do not lower your Social Security retirement benefits.

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Expert:  TaxRobin replied 5 months ago.

Checking to see if you responded