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How Does Social Security Count Our Work Limit?

Hello sir write my email your answer
Question-1please how given social security count our work hold dollar amount
Back to in my monthly benefits supposed
Work hold amount 20,000 dollar amount
Question-2 Some one social security award
Start January 2023
So cola how to 8.7 given
I heard social security cola given dec 30
So got in January
So someone social security award in Jan 23
Start benefits
Please write email soon me
Thanking you bp

Hi. I'm not sure that I fully understand your questions, so I hope my answer is helpful to you. If you'll be under full retirement age (FRA) throughout 2023, the amount that you can without losing any of your benefits is $21,240. If you earn more than that, $1 of your 2023 benefits would need to be withheld for each $2 that you earn in excess of $21,240. There's a higher exempt amount in the year you reach FRA, and there's no limit on how much you're allowed to earn once you reach FRA.

The upcoming 8.7% cost of living (COLA) increase will be added to Social Security benefits starting with benefits paid for the month of December 2022, which are the payments that Social Security pays in January 2023. Social Security benefits are paid a month behind. As long as your age 62 birthday is no later than January 1 2023, the 8.7% COLA will be added to your Social Security retirement benefit rate.

It sounds like you should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully compare and analyze all of your options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry

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Posted: 
Dec 4 2022 - 6:13pm
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