Hi Larry - I'm 62 years old - born in 1957, but husband died in 2011 at the age of 56 (he was born in 1955) I work full time and make more than $80,000. At what point would I be able to collect his/my social security ?
Hi,
I'm sorry for your loss.
I understand if I continue to work past 62 y/o, the employment income will negatively impact my monthly social security benefit. Will dividends and interest from stocks and mutual funds negatively impact my S.S. benefit? Also, should I delay 401K withdrawels as long as possible? Thanks! RLG
Hi RLG,
1- I am self-employed. If I retire at 62 in April of 2019 can I still use the Annual method for the cap on what I can earn in 2019? 2- For 2019 and on-going, If I use either the Annual or the monthly method of calculating my maximum earning over and above my SS do my job expenses lower my income? For example, if I drive for Uber does my cost of maintaining a Car the .58 cents per mile okay to deduct from my earnings?
Hi,
I retired in Feb of 2019 at 62 year old. I have been earning $500 a month for Jan thru April from part-time work. I have the opportunity to take a temporary job for 4 to 5 months ( May to Sept) earning $4000 per month. I receive $1375 in monthly SS benefits and my children receive $1570 in monthly SS benefits. Will I loose all benefits for those months or will it be reduced by the $1 for $2 earned over the monthly limit.
Hi,
I turned 65 in april. 2019. If I claim my benefits now, will the earning limit be for the rest of the year, or will all of 2019 be counted. Also, by continuing to work, what can I expect my benefit amount of 1707 to become as I continue to work at an anticipated rate of about $30,000 per year until I am 70. So confusing.
Hi,
I am 64 years old we just applied for restricted application ,the first check should start in May . I have made about $6000 this year and will continue to work some more does the the $6000 dollars I made already count towards $17,640 I can make or does $17,640 start in May. Thank you for your time Jm
Hi Jm,
Hello. If you own and rent shop premises, would your benefits be affected by
the income you receive in rent?
Many thanks in advance
Hi,
If I claim at 62, and continue to work part time earning under $17,000 yearly, will SS deduct any benefits from me? If so, how would that be implemented?
Hi,
Social Security won't withhold any of your benefits due to your earnings if you earn less than $17,640 this year. Before filing, though, you should strongly consider using our software to explore and compare your filing options in order to be sure you're choosing the best possible strategy for claiming your benefits.
Best, Jerry
Hi Larry,
I have a simple question. My husband of 25 years died in 2017. I will be 60 in January of 2020 and plan on collecting survivor benefits. In 2018 I made $29,321. In 2019 I will make about $30,500. I am wondering if social security will use 2018, 2019, or even 2020 to figure out how much I earn above the $17,640 limit before they start taking out $1 for every $2 you earn.
Thanks for your answer, Wendy
Hi Wendy,
I'm sorry for your loss.
I am 63 (birthdate 6/30) and self-employed. My income is extremely variable, because part of it is yearly fees that bunch up in January and July and the rest is unpredictable sales but in amounts between $700 to several thousand (if I have a good month). I'm thinking of starting benefits to help smooth out living expenses. Here are the particulars:
Proposed start date: March (almost over, though)
Estimated AGI: $29,000
Estimated benefit: $2,056/month