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Social Security supplement

By Mike Miles on January 14, 2020 FERS, IRA, retirement, SRS

Q. I am 54 and a retired federal employee that currently receives the supplement. Will money taken out of my IRA count against the supplement?

A. No. The FERS Special Retirement Supplement is offset only by earned income.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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