Does income from IRA affect my SSA income?

Question

I would like to withdraw from my IRA account this month. I am over 59 1/2 years old and know it will be considered income for Federal & State tax purposes. But will my Social Security income be reduced if I do?

Answer 1

Your Social Security will not be reduced but it could cause you to pay tax on some of your Social Security. Without all of the income numbers from your return I can not tell you how much. If you do not take a large amount at in a given year it should not have much effect.

Answer 2

No, your social security won't be affected by an IRA withdrawal.