Yes you are taxed on SS income. While one of you is still working, your probably better off waiting to have your husband start drawing. The longer you wait the more you get until the pot is empty that is. You can still give it all back, not pay any tax on it, and start again sometime in the future. This is a one time option so make sure it is right for you. Get a good tax accountant involved. Didn't realize you were one of the "rich" until now, did you. Stick around, it will get worse.
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Life is to short to drink cheap wine.
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