Ask Larry

Will My Teacher's Pension Keep Me From Drawing Social Security?

I taught school in Wyoming for 32 years and paid into Social Security all that time..I now have a pension from my school district and will turn 66 in Jan. can I draw my Social Security that I paid into for 30 some years...my fear is having a pension will eliminate me drawing asocial security.

Hi,

Pensions based on work that was subject to Social Security taxes have no adverse effect on Social Security benefits. Therefore, it sounds like the pension you receive won't have any effect on your Social Security benefits.

Depending upon your circumstances, you may have filing options available to you that you haven't considered. You may want to consider using the maximization software available on this website in order to explore all of your filing options and determine your best strategy.

Best, Jerry

Category: 
Posted: 
Jun 16 2017 - 6:58am
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