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Teaching Candidate Given Lesson in Benefits

by Tom Margenau

Q: I am wondering if you can help me with a midlife career decision. I am in my early 50s and am thinking of giving up my current job to do what I've always wanted to do: go into teaching. I've read a column you recently wrote about how a teacher's pension can reduce a Social Security retirement benefit. You explained the reasons for the reduction and I agree they make sense. But I still want to know how I will be impacted. I have worked and paid Social Security taxes since I was 20 years old ...

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