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Social Security Income Limit: Single or Joint Income?




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Title :  Social Security Income Limit: Single or Joint Income?
Lasting :   5.25
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Description Social Security Income Limit: Single or Joint Income?



Comments Social Security Income Limit: Single or Joint Income?



Delinda Simpson Johnson
Should be single income
Comment from : Delinda Simpson Johnson


Robert Blakely
My wife works part-time and will be 62 later in 2021 Her gross pay exceeds the earnings limit However, she does receive health insurance coverage and pays for about 1/3 of its cost via pre-tax payroll deduction, and contributes to a 401K, also via pre-tax deduction Does the SS earnings limit apply to her gross pay, or her net adjusted income? She also has a defined contribution based retirement annuity plan from a prior employer that she can begin collecting any time she chooses Am I correct that the annuiy payments will be EXCLUDED from the earnings limit? I find your YouTube clips very informative and too the point Thanks!
Comment from : Robert Blakely


A F E
Big Government is the worst organize crime Family ever!!The SOBs are a bunch of criminal crooks!!
Comment from : A F E


Christi Shea
Earnings test should be based on single income,
Comment from : Christi Shea


Steve Smith
Devin, Happy New Year and thanks for the great info in all of your videos! I have a possible new subject for you - What Social Security issues may arise for couples with large age gaps And when I say large, I'm talking 10-30 years Keep up the great work!
Comment from : Steve Smith


MoneyManFernando
This is confusing It should only be based on individual earnings and not effect your spouse But in reality there should be NO Earnings test Its my money and if I need to keep working because my social security check is not enough for me to live on the Gov`t should stay out of it This is a stupid rule Who came up with this dumb rule ??
Comment from : MoneyManFernando


john thompson
Hey Devin, sounds like the system is just cooking the books more & more so eventually social security won't have any resemblance of security, lol, good video, tc
Comment from : john thompson


Phillip Carden
A person born in 1951 and does not take benefits until 70, what if any is the maximum earning limit?
Comment from : Phillip Carden


David Trobaugh
Hi, I would like to no if I put in at 62, three mouths before my B-daybrWhen will I get my first payment brAnd how many mouths will I getbrPaid When I get it
Comment from : David Trobaugh


davhutton
So, Devin, which are reduced benefits due to excess earnings beyond the limit call back into tennis social security package? That is, will they be restored at a later time when you go full SS retirement, and no longer are employed?
Comment from : davhutton


Lawrence of America
How does excess earnings effect a retiree who has not reached FRA and has children under 19 years old still attending school?
Comment from : Lawrence of America


Todd Seger
Question, if my wife passed away before she started drawing SS brIf I remarry after 60 and collect on my previous wifes SS will her SS be added together with my current wife’s SS if she draws at 62 My intent is to switch later at 65 or 67 with my own SS brSo can both myself and my current wife draw say 17,000 income each before our full retirement age without going over the limit?
Comment from : Todd Seger


Sarah Leach
Single Thanks for your great videos
Comment from : Sarah Leach


Jay Blue
If your struggling, have trauma or are handicap, I don’t recommend his advocates I am and they literally don’t help any one so it’s not handicap or mind melt friendly Save your money, I’m think in my head with brain damage spouse and much trauma in my life in the past years, I was told they would but it’s not happening and I was even yelled at for trying and crying it’s enough to send you in a spin and it hits hard that not even paid folks will help you with the vertigo
Comment from : Jay Blue


Berk Wiley
single
Comment from : Berk Wiley


Steve Simons
There should bo NO earnings test SS retirement payments are my money, paid in over a lifetime of work If I need to continue working, it should not matter how much or how little I earn
Comment from : Steve Simons


Chawa
Single for sure
Comment from : Chawa


hkmp5kpdw
Peopl get confused by the earnings test and benefit amount subject to Federal tax
Comment from : hkmp5kpdw


Victor Zavala
I don't know how else to ask you about SSDI tallied up my amounts for the month and there math is wrong" there just putting me in a bracket with others around THE SAME NABORHOOD' " if you will with the " same kind of 'worker, around the same age', around the same time I got a it ( ss) They won't listen to me cuss the think I'm to dumb to follow there steps to the formula to figure it out
Comment from : Victor Zavala


Mz Tweety
If you are at full retirement age and you're still working and receiving your benefits, does your paycheck have social security taken from it?
Comment from : Mz Tweety


buster smith
That god the IRS isn't screwing everybody !!!!! LoL,,,,
Comment from : buster smith


John Holsopple
What about married filing separate? If my wife apply for spousal benefit does it reduce my benefit from my work?brbrIn other words, jow does my wife applying for spousal benefit affect my social security benefits?brbrWill my benefit decrease or stay the same?
Comment from : John Holsopple


Greg Bohannon
And Thank You for doing this video  I had to read info about this in several places to piece this together before seing this video  I believe it should stay individual income on the test  My wife and I are a prime example she is 2 years older than me  She has worked so she has benefits coming to her but she hasn't earned a huge amount in annual salary over the years She is thinking about early retirement because it isn't that big of difference in money if she starts now or waits until 66 & 4 months  But I have been in IT all my working life so my benefit will be much better and I am planning on working past FTA  If they did both incomes there is no way she could go ahead and start social security
Comment from : Greg Bohannon


Brian Severance
Single
Comment from : Brian Severance


Tom Robinson
Very confusing My wife is 4 years younger than I If I collect at 64, two years before full retirement age, and my wife is working, will her income reduce my SS benefit?
Comment from : Tom Robinson


gochristel
Thanks Devin Another great video You covered something new to meIs it fair to say that once I reach FRA, I can earn as much as I want and still receive full benefits (or whatever benefits percentage I had at the time)? Thanks much
Comment from : gochristel


Melody Green
Single, definitely! Thank you for this video, Devin It helped me better understand this issue!
Comment from : Melody Green


Dennis Brown
Single
Comment from : Dennis Brown


Dennis Brown
I get an A because I knew the answer
Comment from : Dennis Brown


MrAndycm
Devin, do you think the earning limit makes any sense?
Comment from : MrAndycm


Cathy Greenwood
Definitely single not jointly!!! Thanks for your videos
Comment from : Cathy Greenwood


lulucly
Another first Devin! Thanks for the info!!
Comment from : lulucly


William Fitzer
I am 67 collecting SS retirement benefits I reached full retirement age at 66 My wife who is 59 and still working full time does not affect my SS benefits as I understand your video She will earn above the $17K+ limit bram I understanding this correctly?
Comment from : William Fitzer


Karin Blair
Thank you for all your knowledge What age can you take spousal benefits
Comment from : Karin Blair


EyeglassLady
Single Sounds like another reason to wait until full retirement age to start collecting social security Still married people get it stuck to them much of the time
Comment from : EyeglassLady


Bobby Figliola
Simple question Devin? If my spouse is still working full time (she being 56) making a ”good wage” when I turn 62 and apply for SS, will I collect my full early retirement benefit amount?
Comment from : Bobby Figliola


Anthony Richardson
Single
Comment from : Anthony Richardson


Alan B
And yet another rule that works against people still married If you make your spouse an ex spouse (legally) many things improve They just don't think these rules through very carefully, do they?
Comment from : Alan B


Bill Jones
Taxes , my Wife is 51 & I am 72 I give up almost 25 of my SS income to taxes because she still works She pay pays all her taxes on her 47,000 income Why do I have to give mine back I need that money to live on myself?
Comment from : Bill Jones


Coach Ron
My wife and I are 10 years apart I’ll be collecting SS while she’s still be working full time So do I assume my SS benefits won’t be effected negatively?
Comment from : Coach Ron


Yoly Lacy
Thank you, Devin Your advice is always appreciated
Comment from : Yoly Lacy


G Hughey
Single
Comment from : G Hughey


Jan From NYC Saves Money!
Question if someone is separated from their spouse but never divorced--- married 13 years If one of the spouse is collecting SSD-- can the other person collect on this as well Many thanks
Comment from : Jan From NYC Saves Money!


MeanboyCoins
Single because they take out of each person
Comment from : MeanboyCoins


MS Piven
It should be based on the individual earnings not joint earnings Income tax will be based on joint income
Comment from : MS Piven



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