Ask Larry

Earnings Test

Has This Rule Changed?

I started drawing survivor benefits in 2021 (DOB 11/1955). Husband passed in 2020. SS has cancelled my benefits saying I earned too much this year. They said I can only earn $18,960. I turned full “survivor” retirement age this year and was under the impression I could earn up to $50,520 in the year I turned 66. Has this rule change? (My FRA for SS is 66 & 2 mo.) I have been denied benefits now until August of 2022 due to “ overpayment “. How can I fix this?

Monday, January 17, 2022 - 09:06

Will Social Security Count My Earnings For The Whole Year Or Just For The Months I Draw Benefits?

Hi Larry, I want to start collecting early social security this year I will turn 62 in April but will not retire from my job until July. My question is on the earnings limit working 6 months in 2022 I will go over the wages limit earned for the year but if social security were to start counting my wages earned from when I start collecting this year I would not go over the wages earned limit as I would only have a few months income plus paid out vacation wages but both would not put me over the limit.

Friday, January 14, 2022 - 12:14

Can I Do Anything About Social Security Not Paying Me Any Benefits This Year?

Dear Larry\=. I turned 60 this year ans applied for my husband's benefits at an early age reduced portion. SSA began paying me in sept to dec. I received a letter 1-6-22 stating no further payments due to my work. I called, they said they over paid me. Now I will get nothing all year. This doesn't seem fair. Can I do anything? Thank You in advance.

Friday, January 7, 2022 - 07:53

Can I Collect My U.S. SS While Working In Canada If I Earn Less Than $18,900?

Greetings. After having lived in Montreal for thirty plus years, I moved to the U S., and worked for a major airline. After early retirement, I started collecting SS at age 62. I have since moved back to Montreal to take care of my elderly mom. Am I able to work here, and stay below the allowable earning of 18900. and collect SS? Regards, Marco

Thursday, January 6, 2022 - 16:58

Does Short Term Disability Count As Earned Income Against The Earnings Limit?

Does Medical Short Term Disability claim from my employer count as earned income against my Social Security Retirement limit?

Hi. Not if it's paid by a private or employer disability insurance plan. However, if it's sick pay paid by your employer then it would be considered part of your salary and would count for purposes of the Social Security earnings test.

Best, Jerry

Wednesday, December 29, 2021 - 17:46

What Happens If I Accept A Raise In January?

I turn 66 in January 2022, starting collecting SS payments at 62. I am still employeed and have maintained the amount / not exceeded income limit from 62 until now. I am able to get an increase in pay from my employeer in January but my FRA is 66+4, which is April. What happens if I accept the raise in January? I plan to continue to maintain the income limit set by SSA with this raise, but need the money to afford necessities and living cost.

Sunday, December 19, 2021 - 18:41

Do Wages That Are Exempt From Social Security Taxes Count For Social Security's Earnings Test?

I worked much of my life putting into social security. I went back to school late in life and graduated and began teaching at the age of 39. I retired at the age of 60. I receive a pension from Illinois TRS. It is not a lot since I only accumulated about 22 years. I decided to take SS. It was reduced due to the GWP to about 300 dollars...after federal taxes it is $275. I now work a lot as a substitute teacher. However, there is no SS taken from the check....just federal and state taxes.

Sunday, December 12, 2021 - 13:22

Is It False That You Can Collect Your Benefits Even If You Are Still Working?

I am 63 and requested my retirement. I was approved. Then there was a statement:
"Your payments are suspended because our records indicate that you were or are currently working."

I was under the impression you could receive your benefits even if you are still working. Is this a false statement?

Sunday, December 5, 2021 - 13:20
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