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If I cash some securities to fix my roof in 2017, how much…

Customer Question
If I cash some...

If I cash some securities to fix my roof in 2017, how much gain can I have before my social security benefit will be reduced in 2019?

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.

How much gain can I have on cashed securities in 2017 to fix a roof leak before my 2019 monthly benefit is reduced? I need the full benefit each month.

Accountant's Assistant: Is there anything else important you think the Retirement Accountant should know?

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Submitted: 10 months ago.Category: Social Security
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Answered in 5 minutes by:
10/5/2017
Social Security Expert: Mark Taylor, Certified Public Accountant (CPA) replied 10 months ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 2,442
Experience: Certified Public Accountant
Verified

Hi. my name is Mark. I will be happy to help you with your questions.

The amount of capital gains and/or dividends you receive has no direct impact on your SS benefits. However, two things that are somewhat related can be affected:

The Investment income will increase your adjusted gross income (AGI), which can make more of your SS benefit taxable, resulting in less after-tax SS benefits.

Also, Since investment income increases AGI, this can increase the amount you pay for Medicare Part B premium, which will reduce the amount you actually receive from SS.

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