Ask Rusty – Will Selling Large Asset Affect Wife’s Social Security?
Dear Rusty: If I have reached full retirement age (FRA) and wish to sell a $500,000 asset, will it affect my wife’s Social Security if we file jointly? I have heard that it will affect my Medicare (the amount withheld each month) but she still has three more years before she can receive benefits. Is it better to liquidate assets before she reaches FRA if we will be penalized? Wo...