Social Security benefits

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Q. I am 61, working for postal service for 30 years and plan to retire in two years. When I start receiving social security benefits, will the income be taxable?
A. As a rule, yes. Some of your Social Security benefit will be taxable. To see how your benefit might be affected, go to http://www.ssa.gov/planners/taxes.htm.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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