Working While Collecting Social Security (2023)

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Information Working While Collecting Social Security (2023)

Title	:	Working While Collecting Social Security (2023)
Lasting	:	8.28
Date of publication	:
Views	:	64 rb

Excellent tutorial Very clear
Comment from : Lynnie Phair

Recently retired (65) and started drawing SS Because I was a federal retiree the WEPed the Schmidt out of me Was supposed to get $1401 and they reduced it to $921 I have the opportunity for a position that pays low 6 figures with a 401K Is the earning limit based on taxable income? If I contributed as much as I can to the 401K will that help reduced the amount of income that is calculated for my SS max? My plan was to go to the local SS office and ask them to stop my SS payments Advice?
Comment from : Timothy Propst

My wife has been collecting benefits since 2/1/23 She doesn't reach FRA until 3/24, & wants to work for six months, beginning 10/1/23 How much money can she earn for those six months without being penalized?
Comment from : Jim Cogar

At one point in your video, you described the rule where you owe 1 dollar for every 2 dollars you exceed the earnings limit yet in your example someone who goes 1 dollar over the limit ($1771) loses a whole month of benefits Can you clarify this, please? The reason I ask is I have a website that earns passive income that fluctuates with retail shopping cycles which may cause me to go over the limit unexpectedly I don't want to lose a whole month of benefits because my little website has a good month every once in a while I don't want to kill it just to hold on to Social Security either so I need to know how to track the line in the sand
Comment from : WiFi Guy - Home Network Mastery

I'm confused On one hand, you say you owe 1 dollar for every 2 dollars over the earnings limit but in your example, if you go 1 dollar over the limit they keep a whole payment Please clarify
Comment from : Jerry Jones

This was a great explanation and applies directly to my situation Thanks
Comment from : Keith R

if you arent FRA can you earn $21240 in the the 1st 6 months and not earning anything the 2nd half without a penaltyso do they look at it monthly or annually? Also, I could take a 1099 job and they wouldnt know what month(s) I earned the moneythis is often in Sales
Comment from : Dave Davis

I'll be 63 at the end of this year I kind of figure I'll be working till the day I expire Any ideas what the limits on allowable work income will be in 2024 based on previous criteria?
Comment from : Dougie Retro

Thank you! 💗
Comment from : Lori Breitenbruck

What if you start collecting January 1 and you leave your job on 12/31? Will you get the full amount with no penalty
Comment from : John Bruno

IT IS NOT FAIR
Comment from : dzirisenior

Something I can never get an answer to: Do your Social Security benefits count as income In other words, can I earn $21,400 ABOVE my monthly SSN benefits?
Comment from : Mike Berry

I’m planning on retiring at 62 and continue to work My income from employer will be over the $21,240 limit I currently have 20 withheld from my check for 401k contribution Can I just increase the amount that goes to 401k before taxes to stay under $21k limit ?
Comment from : 70 CHIP

I struggle to understand these rules I am 63 and signed up for SSB to start in July so will get my first payment in August I will have earned $30000 up until the end of June I do not intend to work any more this year As I earned roughly 9000 over the limit, will I have to pay half back, say $4500 for every two I earned over the limit?
Comment from : Paul John

I'm at full retirement age as of May have never received any extra from money they took away
Comment from : Helen Mullen

Let me rephrase that, Under the first year retirement special rule, If you start collecting in the middle of the year Does the Monthly Earnings Test kick in automatically even if you have not earned anything yet or does the MET only kick in after you've earned more than the Earn Income Limit ? Hope to hear from you
Comment from : gON gLEZ