Social Security Earnings Limit [UPDATED]

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Information Social Security Earnings Limit [UPDATED]

Title	:	Social Security Earnings Limit [UPDATED]
Lasting	:	9.02
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Let me know what you think about the video in the comments below! brDownload my FREE Cheat Sheet, CLICK HERE pagesthemedicarefamilycom/cheat-sheet-yt/
Comment from : The Medicare Family

The problem in retiring at age 62 is you don’t qualify for Medicare Insurance You have to pay for it Here in CA, $30,000 year income is not going to cut it
Comment from : Elizabeth

Are yearly pensions part of the calculations for earnings limit? Or is just working salary dollars?
Comment from : D M

You mentioned Medicare costs based on tax / earnings of two years prior?? That has completely confused me I’m not drawing anything yet I’m 61
Comment from : BlueLineGroovy

I was born in 1959 and don't plan on drawing on Social Security until I'm at least 70 If I'm working and making around 45000 dollars a year will I be able to draw full benefits from SS?
Comment from : James Brice

The only thing I'm not hearing is what about insurance for those who get it thru work
Comment from : Dwight Parish

Reagan was the 2nd worst president in history, besides Trump
Comment from : MarsX

If I claim at 62, and earn over the 21,540$ limit and take the 50 penalty on my SS payout, is that penalty a reduction or a withholding that I will get the benefit from later? And if the later, what are the specifics?
Comment from : GRpd24

Went from 55 to 67
Comment from : Irritating Indiana

Very informative Still plan to work until Age 67
Comment from : Mark De Cesare

Thanks
Comment from : Robert Chapa

Is there an earnings limit on receiving survivors benefit when your under 60 and your caring for a child?
Comment from : Kenya J

Awesome Thanku great info
Comment from : Eric Pistole

What is the earned income limit when you are in the year of FRA but before you reach the month?
Comment from : Susan

I just turned 60 years old and became a new Medicare Agent Will my Medicare residuals be counted as taxable income???
Comment from : Carroll Lightell

Very informativebrCan some one help me on this please brMy FRA would be this year( 2023) in JULY but I will begin receiving my SS in March of this year (four months early of FRA) I also want to continue working until Sept of this year By the end of Sept I will have made 50,000 Will I have to pay any penalties?
Comment from : Ross Neidish

I appreciate you so much
Comment from : Nathalie Palladino

Congress is taxing morebrbrBecause 54 of Americans are DIRT BAGS and pay 0 Taxes
Comment from : Brian L

All your videos are 💯 helpful watch you all the time 💪
Comment from :

You are pretty loud
Comment from : Stephanie Hobbs Hall

well, i worked 10 years met 40 credit of ss requirement and am nowbr 63 years old with health issues What would be my monthly benefit from Social security now? Thanks and I hope you can help clear and pin the monthly payment Also I did work overseas for 5 years but was king less than 70k a year and I was told no filing required as this company do not pay taxes to us gov its foreign company Can you please explain what I can do to include this 5 years ? Thanks
Comment from : khadija hussain

She looks like the witch on msnbc telling me I have to accept trans,cis ,bi, or whatever alphabet soup they are using today
Comment from : Jackson Lee

Thanks for explaining all of the things that don't count towards wages for social security purposes So it is 2 years behind on figuring your Medicare premium by your income amount
Comment from : Don Reinholz

I don't understand why the government seems to penalize older people who might want to save more money right before they retire Seems stupid to me Rich people can make a lot of money but hide it inside a tax shelter Go figure! Murica!
Comment from : Don Reinholz

Wow, what a great short video You answered my question, the answer to which eluded me for a long time: pension deduction is excluded from the income limit, 19500 Thank you!
Comment from : Solatle

If I am receiving my deceased husbands government pension, does that count as earnings for the year?
Comment from : Cindy Wagner

So wrong that there is an “ earning limit” if you are working Tired of the governments thumb on seniors This needs to change Also as rich as this county is, Medicare should be free
Comment from : Lisa Damele

Educate yourself about how the additional IRS staff will be usedbrNo It is NOT to come after low and mid income people
Comment from : K Ins

Can I put my biz in my wifes name so I dont go over the 19K earnings limit since I am drawing Social Security?
Comment from : Paul Knoblock

Thank you so much for the info 🙏
Comment from : Car Nut

Love your video! I have a question: does rental income count as earned income?
Comment from : Jerry Mann

Back in 2018 I went over my earnings limit by $8000 I did start my social security at 62 I worked out a repayment plan with social security that I've been paying back for almost 4 years I am now past my full retirement age of 67 Social security is still taking monthly payments out of my check each month Will this stop or will I still continue to repay the overpayment until paid in full Thanks, Ken
Comment from : Ken Steele

I retired from teaching in Texas My last day of my contract was May 27, 2022 However, I will receive checks in June and July for money I earned prior to June1 Will I be penalized? Thank you so much for your help!!
Comment from : Paul McCarter

Thank you for this video- I’m 73- if I start making more than $19,500…my SS will be impacted? As a freelance illustrator/ writer I already get barely enough SS to survive and I don’t have any pension or other income sources outside of some freelance work Thank you
Comment from : Roberta Collier-Morales

My FRA is 66-4 born in 1956 can i claim ss at FRA and keep on working ,what about taxes 85
Comment from : Beacon Sharman

I worked mostly for cash, how do I get a monthly Federal welfare check?
Comment from : Juan Garcia

Just recently heard this & would like the truth please I will be 62 in August, born in 60 I was married for 42 years & recently divorced May I take my social security & change to his at 70? It may have been vice a versa One continues to grow as I take my max from 62-70? Hope I am asking this correctly
Comment from : Tracy Lane

Is the $19,500 limit for early retirees per person or household?? Can’t find this answer and was just on hold for 35 min and had to hang up
Comment from : rita131000

Sylvia, something that I can not find a real answer for one youtube(gasp!) nor really the SS website is my situation I even called your Medicare Family and wasn't able to sus out an answerbrMy situation through the pandemic was being on unemployment and my industry (oil & gas) being underwhelmed So for over 2 years very little work and taking unemployment I figured that being 62 in July it would be good to take is as I had no guarantee of any full time employment I did so and got my 1st payment in August (foreshadowing) I was re-hired full time I make over 100k a year (combined) and have been happily receiving my payout until a friend told me that if I continue on I'd be getting a demand letter soon saying I had to pay back thousands brI've looked online and all I can find is examples of $1 for every $2 and also examples of working and only making $10k over the limit, I've no found "what happens if you work full time making $100k This seems like a video that needs be made My only answer was from your service who was very nice and said I should "call and talk to the ss administration for an answer" brThanks for the service and information you provide!
Comment from : Carl Nelson

Your SS does not "stop growing" if you earn more than 19,560 if you take it early The recalculation at FRA is going to incremently give you back your money held as a penalty
Comment from : Frank Lee

Great info, my wife falls into this year collecting and working cashier should work out good for us, thanks
Comment from : Ed Collinge

I'M 62 IF I RETIRE AT 62, BUT WORK PART TIME, WILL MY MONTHLY BENEFITS INCREASE? THANKS!
Comment from : ALLWAYSAMARINE #

Retire at 62! Great video! Take it early and enjoy the Outdoors! Our channel can help you with that!
Comment from : How To Have Fun Outdoors

Thanks for the pod cast Helping others help themselves understand this program I hit the 👍 like button brLot if good information you have given out Joel
Comment from : Joel Alm

That was not clear at all how you explained the Medicare and the 59 increase Maybe you could explain that again
Comment from : The Nutrient Whisperer

Can young adults under say 30 yrs old opt out of Medicare and Social Security? Seems like a raw deal mathematicallynotice the plummeting birth rates among young people in US if the trend continues say another 50 yearsinflation which is the worst hidden tax, Americas declining overall economy turning into Japan, who knows might be greatI the absolute supreme reality am unconcerned, only worried at the relative level of Maya, Lila, relatively realthe materially rich opt out by rejecting US citizenship, clever legal tax avoidence, etc
Comment from : Dao the Eternal Nameless Beyond Thought

Who are they to tell me how much I can make
Comment from : boogrbear

What is bad about SSI and SSDI is you are put in a limitation on what you can do for work, how many hours you can work, and how much you earn So people on the program get scared and don't work because of it The program is kind of like blackmail in a sense
Comment from : Jenna

I have been asked to increase my hours to workbrand I already make over 19,560brCan I lose my job for not doing more hours?
Comment from : findthejohn

Is all u libs do is tax a different group of people
Comment from : John Wadsworth

My husband company kicks us off their insurance at 65 I will be turning 65 next month The company give each of us $3, 500 a year to pay towards our insurance when we turn 65 I am also a online reseller, was wondering if the money my husbands company will give me a year will count as income?
Comment from : Maria Carter

Great video I will be at full retirement age in 66 - 4 months in Jan2023 I plan to keep my work until June 2024 Do I need to get medicare and medicare when I already have healthy benefits on my current job? thank you for your reply Much appreciated
Comment from : Sistah Knit

How is disability calculated? How to calculate average current earnings, how to calculate aim High1 high5 Ssdi
Comment from : David settle

does ss take the earnings overage all at once or through 12 payments for the year
Comment from : michael hoapili

My net benefits for 2021 was $2213400 Am I over the limit or may I earn up to $1956000 or more?
Comment from : Alma Bayomi

I would love to start a couple of businesses So happy you could tell everyone the Earnings limit My question is this? If you’re making an income from your business that’s less than $100,000 should you considered dropping the SSI payments? Second question! If I am paying in Fed, State, and SS taxes would this be recalculated with Social Security if I need to stop working and need to depend on Social Security payments again It’s more than likely that I would make a larger income
Comment from : Alma Bayomi

I’d never work!
Comment from : Paul Grimm

Question, I didn’t retire until now, I’m 67 brAm I entitled to SS from when I was 65?
Comment from : Sadie McGoo

This is the year i turn to my FRA" Can i file for my benefit now becoz i dont make more than 51,960 my FRA' 66 and four months is on OCTOBER can you please tell me if im all good to go to start my benefit now? i dont have to wait for 8 months/ without penalty? thank you so much :) please help me IM still working Full time by the way
Comment from : Luis Almanzor

Is there an earnings limit if you were born in 1959 and retirement age is 62?
Comment from : Yvette Affissio

Hi Sylvia, thanks for all your input on earnings limits for Social Security filers who have yet to reach FRA I did call SSA today and here is what I learned If one is 62 and not yet FRA and they file during the year where they have earned income, they will be subject to the monthly average of $1,630 after they file It does not matter how much money one has earned during the year of the filing before they file Beginning the following year, the monthly average does not apply Those filers will have the max of $19,560 before the earnings limit penalty kicks in
Comment from : David Leigh

I have a question my disabled son gets SSI - I want to know when my husband starts social security will my son be able to go on his father’s SS instead of SSI? Also will my son still be limited to a low SSI amount for his savings? Or will he be off the SSI limits? Thanks
Comment from : Donna Ferguson

Hi Sylvia, my co-worker and I are both 62 I want to take SS when my job ends April 30th My coworker called SS yesterday and was told the earning limit of $19,560 is totaled up annually Other planners have told me the average limit cannot be exceeded For example, If I earn $1500 one month, but earn $3,000 the next, will I be penalized on the month which I exceeded the average $1,630 or will I only be penalized when I exceed the $19,560? I am trying to learn which Social Security publication spells out exactly what the law states
Comment from : David Leigh

Hi,:At which amount is Social Security taxable for single person,for example I take in one year,6,000 from 401k,which is taxable and I make 32,000 in SS payments for a total of 38,000Do I pay taxes on 38,000?or just 6,000 ?
Comment from : john

Thank you so much for this channel I will be calling soon I'm 64 would like to start getting my check but still want to work full time married file jointly was wondering do they look at my gross income or net earning to determine what they reduced my SSI check to? Thanks againtalk to you soon😁
Comment from : cool nights

So my husband draws soc sec but also is on my health insurance thru my job and has started taking heart medication which isn’t cheap😳So now I Am approaching 62 in about a year and a half And I’m taking my retirement Would it be better for him to find a private insurance for his meds or let Medicare D take care of it ?
Comment from : Susan Primm

Very informative!
Comment from : Han Win

What about disabled people ? I have been on this for many years
Comment from : Patricia Pappas

The rules for all of this nonsense are confusing and probably on purpose I do not understand the earning limit is relation to full retirement age I read in one sentence that at full retirement age you can collect your full amount regardless of how much you earn if you continue to work Please help me understand what they are saying or not saying 🤦🏼‍♀️🤷‍♀️
Comment from : Star1957

Is Rail Road Retirement the same as Social Security?
Comment from : theKaufmanTapes

I'm 74 and need extra money Can I go get a part time job with out hurting my SS
Comment from : Thomas Bridges

Good God From 19,000 to 19,500What a Joke
Comment from : Steve Rose

Expressive and informativeoh btwrepeal WEP Thanks!!
Comment from : Gman

I believe your incorrect on full retirement age for everyone I’ve been dealing with this in my life It is age 66 and 2 months!!! Verified by Social Security Administration in September of 2021
Comment from : MJ Langdon

I retired in 2019 and started taking ss and MedicarebrNow I am a notary public and earn less than $13000 per yearbrDo I need to file income tax since I am self employed and receive 1099 from several signing service companies plus most of my income is tax exempt?
Comment from : roxanna sheffield

Had a TBI in the Military so I’m paid$1500 Social Security and Va Compensation at $3600 it was a war with the VA just to obtain these benefits
Comment from : LLJR

I need talk to you soon!!!
Comment from : Nanci Arruda

None of this is helping low income people What a rip off
Comment from : Rachel Zuniga

I was told I can't draw on my ex social security until he dies in the state of Michigan
Comment from : 197319493

once I get to the full retirement age, does the earning limit still apply?brbr59 increase is just more burdensome for our kids and grandkids let’s go brandon!
Comment from : Richard E

Can you take social securities and not use Medicare? Do you have to be vaccinated ?
Comment from : Connie Carroll

Damned Government should pay back what they tookwith interest
Comment from : Charles F Butler

And with the social security increase for 2022 they cut the food stamps down to only $20 how the hell do they expect us to live oh that's right they're more worried about the poor kids versus the men and women on social security or SSDI or survivors benefits they would love to see us die think about that one politicians because I will be voting you out
Comment from : Clarence Swope

Oh my gosh!!! Great information!!! Thank you so much!!
Comment from : Diann Lewis

Social Security is welfare for old people
Comment from : Bill Pasaki

Love your glasses!
Comment from : J Mat

Ss owes me 4 grand a mo gor all input in for 45 years with interest but govt screws u
Comment from : Ron Weaver

That was pretty damn good, thanks
Comment from : Domingo De Anda

If you only have $1000 in Social Security payments and you’re capped at 195k it means you are doomed to poverty Which seems to be the goal of the American government under all administrations
Comment from : KarensOpinionsMayDiffer

Happy Subscriber here !!!! You mentioned that after you hit your full retirement age they will begin repaying what they took away because you made more than the max amount allowed to earn ($19000 +) How can I do a little research and find out roughly how much that repay will be per month ? I will be 65 in April and make appx $38K annually, roughly twice the max amount allowed Would be anxious to have somewhat of an idea what payback will be when 66 1/2 hits in 2023 Im assuming I wont be able to buy a new truck with the additional amount :) Thanks again for your videos
Comment from : IU DOG

Great information!
Comment from : Brian West

Be glad to have social security, you guys are gonna run it dry by the time the younger generations have an “opportunity” to use it
Comment from : A L

I’m 68 retired at 62 have no other income at all draw $973 per month in 2021 after $144 is taken out for brPart B how can I get The $144 added back to my check monthly, I’m in North Carolina,as is I can’t keep upbrWith my monthly bills have to use Charge Cards to try and keep up which is making things worse
Comment from : roger