My husband filed for retirement benefits March 2018. He will turn 66 FRA November 2018.
I am confused about the first year earnings limit rule.
So far in 2018, I have earned $32,543.45 (as of July 15, 2018). I have applied for and been approved to receive SS benefits beginning August 1, 2018. I would like to continue working part-time until the end of 2018, how much income can I receive from my current job without losing part of by SS benefits?
In August I will be 66 and have been collecting social security since 62. If I go back to work do I need to contact SS prior to employment?
No. If you'll turn 66 in August 2018, you could work and earn any amount starting with August 1st and still be able to draw all of your Social Security benefits.
I am 62 and my husband is 64. He's an airline pilot and required to retire in October of next year at 65. He has substantial savings and plans to collect SS at full retirement age of 66 and has substantial income now. I am in real estate and am thinking of retiring when my husband does. Because I earned a lot of $ in the past, my monthly SS benefit at FRA is about the same as my husband's, approx. $2500/mo. If I started collecting now, my benefit would be about $2000.
Hi I started getting social security at age 62, I will turn 69 in September of 2018,and planning to go back to work this year 2018, I wanted to know how much I can earn before I have to pay back any portion of my earnings
Since you are now over your full retirement age (FRA) of 66, there is no limit on the amount that you could earn and still draw all of your Social Security benefits. Your earnings will still be subject to Social Security taxes, though, but it's possible that your earnings could increase your future retirement benefit rate.
Started get early SS benefits at 62.5 and my 15 year old daughters benefits, in April 2018. I am reaching the work threshold of $17040.00 for this year. What to keep working but i'm confused when the overage will be taken out or withheld.( $1 for every $2 over) And will I receive that money at full retirement age? Confusing stuff.
My husband started collecting his social security at age 62. He became deceased in April 2018 at age 63. I want to file for my widow benefits. A currently make $28,000 annually (part time). I understand that I will not receive benefits of approx. 5,500, because I am over the income limit of 17,040.00. I was told that Soc. Sec would set it up on an annual basis and I would not receive benefits for approx. 3 months. Then receive for the remainder of the year.
Widows benefit. The max income you can earn is $17,040.00. I make more than that but I want to receive the benefit checks up untill I reach that gross income amount. Then stop receiving the checks each year to avoid taxes & affecting my future benefit. So basically I would only collect about 6 months every year starting at age 60. Can you let me know if I can do it that way? I would of course talk to SS to go over each avenue available to see if waiting to collect would be that much more beneficial. Thank you.
My husband passed away in November of 2017 at 67. He was receiving SS benefits at the time. I claimed the survivor benefits at 60 and I am 61 now. We were planning on moving to Las Vegas, which I went ahead and did. I haven't worked since September of 2017. I started working at the end of June 2018. How will this effect my survivor benefits?
I'm sorry for your loss.