Question by Brian: Is retirement income such as Social Security and pensions taxable? If so, are they taxed as regular income?
I am trying to do some long term planning as to how much money I need to retire. Some people have told me that Social Security is not taxed. Others have said that a government pension is not taxed. I understand the taxes around 401K’s and IRAs. But the tax question around SS and government pensions will make a huge difference in my planning calculations.

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Answer by rowlfe
Social Security IS taxed but things like disability which you get through social security is NOT. My father complained about this a LOT. Remember, the dollars you paid into SS were not taxed, but simply deducted from your income which WAS taxed. Any pension income is taxed. The advantage to being “retired” is that starting with age 62, you get a different arrangement with exemptions which effectively reduces your taxes. You need to discuss this with a financial professional who is up on the current legal situation for the tax details you need to make the assessment.

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Question by Layla: How can a person become a humanitarian aid worker overseas, what degrees in college should they focuse on?
I am a college student interseted in helping people produce the correct types of food for their living locations. I would like to deal with people in need overseas but cannot figgure out if an animal science degree or something in the humanitys would be more helpful.

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Answer by dallas
According to the Peace Corps, it doesn’t matter. That’s just one organization, of course, but considering how large and well-established they are, it’s probably a good perspective to have.

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Question by Rock n Roll: If a retired U.S. military officer was convicted of a crime would they lose their rank and retirement pay?
I don’t know if this has ever happened before but I was just wondering what would happen. I would assume they would be kicked out of the military and lose their retired rank…but would they stop receiving retirement benefits?

What if a retired military officer renounced his or her citizenship? Would they stop receiving retirement benfits and/or lose their retired rank?

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Answer by seamac56
Yes- if a military retiree(on either retainer or retired status) is convicted of a felony in Federal court, their pay can be revoked.(The Walkers in the spy scandal in the 1980′s) As far as renouncing citizenship, I don’t know-you may wish to discuss that with a JAG (military lawyer) officer.

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Question by 0: Is there any way to send condolences other then a card? They live overseas.?
A relative lost her adult son and I wanted to send condolences from myself and my young son. What could I send her? I wanted to send soemthing to give her hope – I don’t know her that well but really fell for her because she has lost two sons now.

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Answer by L B
Look online and find a garden centre that delivers in her area and accept your credit card and send a tree for her to plant in her garden as a reminder.

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Question by : Way was my retirement pay cut these month?The retire have not had a pay raise in two years now they are cut?
Today I recived a H3160 in the mail telling me that my pay was cut with no resean forit.

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Answer by Let me steer you
No idea what an H3160 is. What retirement pay are you talking about? Social Security payments have not been decreased. If it’s a private retirement from your previous job, you would need to ask the plan administrator.

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