Earnings Test

Would Benefits Withheld Due To The Earnings Test Go Back Into My Account?

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I am a one-year retiree, age 63. I'm considering returning to full-time employment and I was wondering about suspending social security benefirs. I ju st read your answer about that to another query, but I was wondering what it means that $1.00 out of every $2.00 over the additional income threshold will be withheld from my benefits. What does that mean? Does the money go back into (or remain in) my benefits account, or somewhere else?

Hi,

Is Taxable Income Limited When A Person Receives SS Survivor Benefits?

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Is taxable income limited when a person receives SS Survivor benefits?

Example: Husband passes away at 40 with a 35 year old spouse and 3 kids. If the spouse begins working, will she lose her survivor benefit payments at a certain dollar amount?

Thank you for your time! This is a question that comes up frequently in a financial group I'm a part of and no one can find an answer online.

Hi,

Are Benefits Withheld Due To The Earnings Test Accumulated And Returned At FRA?

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My mother is 62 years old and is considering whether to start my deceased father's Social Security (Mother FRA $25,008 and Father FRA $28,800 per year.) She would get about $23,256 from my father at age 62 and her benefit at age 70 would be about $36,059. If she is still earning income of approximately $55,000 that would reduce the benefit she receives from my father's Social Security to about $6,000 per year. Does this reduced income from my father's benefit accumulate and given to her back at age 66 or is it lost?

Will Social Security Look At Whether Or Not You Are Performing Substantial Services No Matter How Much You Earn?

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Hi, I read on a web site that if you start SS prior to FRA and are self employed that SS will look at whether or not you are performing substantial services in each year up to FRA even if you are under the annual earnings limit. Is that incorrect?

Hi,

Will My Earnings Limit Be Tested Monthly Or Yearly?

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Larry, I plan to retire at the end of the year (12/31/2019) and start drawing social security in January. I will be 64 in November 2019, so I will be subject to earnings limit next year. My question is - will my earnings limit be tested monthly or yearly? I would like to work on a contract basis, so I would earn more than a monthly limit in a given month, but will keep my earnings under the yearly limit. Thanks

Hi,