Earnings Test

Will The Deferred Income Distribution My Husband Receives In 2019 Count For Social Security Purposes?

Category: 

My husband fully retired in April 2018. He will turn 66 in April 2019. He will be receiving a bulk sum distribution of his 457b account in Feb 2019. The monies in the account were deferred income from his years working for a nonprofit hospital. Will that distribution be considered 2019 income for Social Security purposes? (does the fact that is reported on a W2 form have any bearing on the matter?).

Is It True That I Have To Pay Back $1 For Every $2 That I Earn Above $17000 Per Year?

Category: 

Hi,
I am going to be 60 years old on Dec 2018, my husband passed away from cancer last year, he would have 65 in August 2018. I applied for widows benefits in new jersey. I was told that I can not make above $17 000 a year, if I do I have to pay back $1 for every $2 I have, is this true?.
2nd question I have is if i I make over 17 000 a year, and I told social security office yo stop my payments in october, do I still have to pay back on my earnings for the rest of the year.

How Would My Husband Returning To Work Affect My Son's DAC Benefits?

Category: 

We have a disabled (since birth) son who was receiving SSI until my husband took his Soc Sec early. My son is now receives 50% of my husband's full retirement benefit as a DAC. He's been offered an unexpected employment opportunity which would amount to more than twice his current Soc Sec benefit plus my son's benefit. If he takes that position, I understand he will be repaying all of his benefit as he is still two years away from his full retirement age.

How Much Can I Earn Over The Limit And Still Collect Benefits?

Category: 

I will turn 60 next year and will be eligible for my deceased spouse's social security. I currently work full time over 40 hours per week, and plan to continue to work 32 hours so I can still be eligible for insurance at work. I plan on taking my social security at 70. I will go over the threshold of how much you can earn and still collect. Is it a good idea to still collect his at 60? What happens if it's a wash and you end up owing as much as they'd paid to you.

How Will Social Security Know How Much I'll Be Earning?

Category: 

I am self employed, so if I take my SS now at 64 and start to generate income
I understand they could suspend or reduce my benefits. How will they know
what I am earning before I file my taxes and submit my 1099? If it is
suspended based on earning do i have to repay what was withdrawn?

Also if the benefits are suspended because I start earning again and if I am
able to go to 70 before retaking my benefits how will they calculate it? Will
it be my original benefit or will it continue to grow as I be contributing
again?