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Working While Collecting Social Security Will My Check Increase




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Title :  Working While Collecting Social Security Will My Check Increase
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Comments Working While Collecting Social Security Will My Check Increase



Wisdom Investor
Are you planning on working and taking Social Security at the same time?
Comment from : Wisdom Investor


Sue Brayton
So if you earn over the limit you pay what u have to, then you reach retirement age and the start paying you back monthly, and hope that you die soon and they keep the money, did I get that right
Comment from : Sue Brayton


tech world
Thanks
Comment from : tech world


Billy Graham
I’m 62, and I expect the next 7 years or so to be my best earnings years by far — so would I be wise to jus retire since time is what I need more than money currently — but then I expect to earn so much I would expect to lose all my SS income, by reason of earning too much at my job But for the next year I need the little bit of SS income to fund my teaching credential program Could I go off of retirement after that? And go back on to retirement maybe 7 to 10 years into the future?
Comment from : Billy Graham


meesacreef
Thank you for the helpful video!brPlanning to start Social Security at FRA (12/25) and working up until then Trying to max out Social Security each year until then Not sure about working beyond that Probably not
Comment from : meesacreef


Billy Graham
I wish I could find someone that could sit down with me and hear my situation and determine what I should do to retire now — or if I should wait I expect to earn more and more up to the age of 70 But I have a need to retire now so I have time and money enough to survive while I earn more money! And then I expect to increase my earnings history I’d have to relate the story (situation) to a consultant that knows the Social Security rules very well Where do I find such a consultant?
Comment from : Billy Graham


Billy Graham
What about passive income? Like income from renting out apartments? Does that income get taxed $1 for every $2 over your annual benefit amount is passed?
Comment from : Billy Graham


Richard Ogletree
Thanks for the video I never knew SS could be so confusing
Comment from : Richard Ogletree


David Zamorski
Only in the us should be simple Same goes for medicaremaybe they should have a committee and a 20 year hearing
Comment from : David Zamorski


Lyn777
From what I understand, once you take retirement they don't count those years after
Comment from : Lyn777


Joe
But what if, at age 62, you elect to take social security? And you make so much that the calculated amount you get is zero Fast forward to full retirement Now, income is zero At full retirement the website says accepting now you get $2,800…BUT you started at 62 and that rate was $1950 (but you got none because your salary was 6 figures brNow we’re at full retirement Is my base rate $1950 and the $1950 I didn’t get previously due to salary (1950 X 48 months = $93,600) is slowly added to the base rate of $1950 until the $93,600 is all finally acquired?brORbrIs my base rate $2,800 (and no $93,600 - which makes sense)brbrWHICH IS IT??? I’ve asked the social security office and they don’t know
Comment from : Joe


Mark JG
What guarantee does anyone have that we will live to 67 years old, the costs keep going up but little is given to people on social security So little it does not help at all , so many people living in poverty or worse homeless is a disgrace The Government is not here to help us but to keep us poor most people are just surviving paycheck to paycheck
Comment from : Mark JG


Rosemarie Kline
I was wondering Thanks
Comment from : Rosemarie Kline


Steve Campisano
So, if I continue to work full-time and do not collect SS benefits until AFTER my FRA my SSA benefit will not be reduced? In other words, as long as you begin collecting your SS benefit AFTER your FRA & you continue working your SS benefit will not be reduced ?????
Comment from : Steve Campisano


ghggp1
Thank you so much for making this video! Appreciate you making it simple to understand!
Comment from : ghggp1


Karl Morris
Do these figures hold if you are making money thru your own business? In addition, what if you are disabled, receiving disability and making an income thru your own business? Thx!!
Comment from : Karl Morris


Ken Steele
I was working during my first 4 years while on social security 62 to 66 Over the past 4 years, I went over the limit of 3 of those years I am currently paying back $75 a month of the $5000 SS said I was overpaid I am now at full retirement age this month Will SS keep taking the balance of the $5000 out of my checks or will it stop? And, what happens to the money that I already paid back to SS?
Comment from : Ken Steele


Juan Valdivia
Very good video You said the SS will take 1 dollar for each 2 dollar you make over $18,960 Question: When they will take this money? At FRA the SS will start to give you this money back Question: What percentage and for how long? and finally : They will give you everything they took?
Comment from : Juan Valdivia


robert
what if you take from a 401K its considered ordinary icome so does it effect SS
Comment from : robert


sergio hernandez
Always good advice
Comment from : sergio hernandez


Hans Schotterradler
So if you start collecting SS before FRA, and you receive income via part-time employment that is less than the $18k annual limit until FRA, is that income subject to SS tax?? I guess it would be since this income might be used for recalculating the benefit
Comment from : Hans Schotterradler


John Helms
If I am projecting myself to make from a tax able job in 2021 a Gross income of 32,760 and draw social security at the same time I understand I will lose 1 dollar of my future social security for every 2 dollars over 18,240 or 14,520 divided by 2 equal 7,260 to be taken out of social security in 2022 OK Now for my question can I avoid the 2022 repayment of social security by using the 19,000 dollar IRA 401K catch up in 2021 reducing my taxable income?
Comment from : John Helms


Kathleen Walton
I'm 63 and on SS I started a PT job Can I work 40 hrs if I want as long as my work gross income isn't more than $18,240 in a yr Thanks in advance
Comment from : Kathleen Walton


HardluckHarry
Who sits around and makes up allllll these rules??? It seems the try to “fix” one side of SSA and screw up another side Wouldn’t it make sense to have some real seniors living on SSA on a panel instead of wealthy politicians?
Comment from : HardluckHarry


DoubleEszpresszo
Thank you for this video, sir You just concisely answered an important question that I had While you had confirmed what I had suspected, its good to have your informed input I will be collecting benefits a few years before FRA Now I just confirmed my actual date of for starting benefits and my approximate date of actual retirement from my current job in 2022 Now we just need to see what is the earnings limit is in 2022 will be and what pay raises I may get in the next year to nail the exact date of exiting the world of work!
Comment from : DoubleEszpresszo


Velvet Voice
This helps a lot ty
Comment from : Velvet Voice



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