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File State Retirement First or SS?

  1. #1
    Join Date
    Jun 2018
    Posts
    4

    Question File State Retirement First or SS?

    At the end of June I will be filing for my Social Security retirement...I have a state retirement plan that I will be drawing a monthly check from as well...Which one should I file first? Totally frigging confused here.

  2. #2
    Join Date
    Jun 2018
    Posts
    4
    Guess no one frigging knows huh.

  3. #3
    Join Date
    Jun 2014
    Location
    Central California
    Posts
    4,265
    Quote Originally Posted by Phillip View Post
    At the end of June I will be filing for my Social Security retirement...I have a state retirement plan that I will be drawing a monthly check from as well...Which one should I file first? Totally frigging confused here.
    Donate your State pension to Charity and take Social Security

  4. #4
    Join Date
    Aug 2016
    Location
    Near Mount Pilot
    Posts
    5,212
    Quote Originally Posted by Phillip View Post
    Guess no one frigging knows huh.
    I read the OP and did not understand why it would make any difference.

    What is your concern?

  5. #5
    Join Date
    Aug 2016
    Location
    Nrw Jersey
    Posts
    960
    Phillip I don't understand why you think it makes a difference which one you file for first (?!) They are from two separate entities and unless the amount from your pension will be altered by your social security payments for some unknown reason, I can't see why you can't file for both at the same time or either before the other...doesn't matter. Perhaps it would help if you explain why which one to file for first is of concern.

  6. #6
    Join Date
    Jun 2018
    Posts
    4
    Quote Originally Posted by Aunt Bea View Post
    I read the OP and did not understand why it would make any difference.

    What is your concern?
    It don't.....Filed for my social security today and got the shaft and elevator at the same time...Seems I cannot make more than $1420 a month...Government is going to get your ass no matter what you do! Now I have to hope when I talk to my employer Monday that they will allow me to cut my hours to stay under this ridiculous ass cap! Going to stop working in November anyway and only got about 4 months left or so...As for the other just going to wait the 30 days and take it in a lump sum because I am going to get shafted either way!

    Wonder why I even bother frigging getting up everyday.....

  7. #7
    Join Date
    Dec 2017
    Location
    USA
    Posts
    1,616
    Then why not just wait until you're fully retired in January of 2019 to begin collecting social security and your reduced income (from not working) in 2019 will reduce your taxes for that year (and for 2018 also). You only have to wait two months because of your retirement in November. Also waiting will increase your social security payments, yes, even by the number of months. Why take a lump sum from your retirement? I would think that's going to raise your taxes, unless you roll that into an IRA or another retirement plan. Of course, consult with an accountant or other professional.
    Sing, sing a song. Make it simple to last your whole life long - The Carpenters

  8. #8
    Join Date
    Jun 2018
    Posts
    4
    At the point where I don't care anymore......Who gives a rat's petunia....Delete or banned my account here some one....Won't be back.

  9. #9
    Join Date
    Dec 2017
    Location
    Houston Y'all
    Posts
    2,075
    Buh-bye.

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