1.) I am a 40 year old career firefighter in NJ. I do not pay into SS. Upon retirement at 49 will i have to pay SS, state, federal, or medicare taxes on my $65,000 pension? I will have to pay a portion of my medical costs (estimate $10k) & i assume that would lower my taxable income?
2.) Aside from chatter in Congress about removing/reducing GPO & WEP i do not plan on receiving SS even though i have contributed from other jobs & will work after i start collecting my pension. Even though i expect to be ineligible how can current GPO/WEP affect my 35 y/o wifes ability to choose between her SS or mine (40) when i predecease her?
