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From the Northeastern Section of the ACS, focusing on career management and development
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05/03/08
Mature workers. Financial alerts and speed-bumps
Filed under: Networking, Mentoring, Mature professionals
Posted by: site admin @ 1:24 pm

Two neat articles in the WSJ point out pitfalls of
working beyond the retirement age and an intriguing
capital gains benefit for early retirees.

T. Gutner authored a nice piece (print Apr. 29,
2008)
about benefit reductions for even part-time
workers with regard to defined benefit (pension),
social security (although there is pending
legislation proposed to reduce the impact)
and medical insurance coverage.

It is worth looking up, if you are in this situation.

K. Hube wrote an article (also not on the net)
about a new 0% capital gains tax rule (print
edition:  May 3-4, 2008).  From
2008 to 2010
long-term capital gains and most
dividends
are tax-free for taxpayers whose
AGI is less
than $65,100.

You need to be in the 15% bracket.

This will take some planning and is geared for
early retirees who have not started withdrawing
on social security or have a significant taxable
ordinary income.  She points out several practical
ways for us to take advantage of this.

Pass this one on!

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