Earnings Test

Can I Work Part Time Without Affecting My Benefits?

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I got hurt on the job 2006 and now I am 63 years old. Can I work part-time 7 hour a week online without losing my benefits or my benefits being reduced? The rate is 10.80 per hour.

Hi,

If you're referring to Social Security benefits, then the answer is likely yes. You can generally earn up to $1180 per month without losing Social Security disability benefits (SSDI), and up to $17,040 this year without losing any reduced retirement benefits.

Best, Jerry

Will Social Security Reduce My Benefits If I Earn More Than $1420 In Some Months?

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If I start drawing SS in Feb, 2018 because my employer is going out of business and the person that is purchasing his business wants me to stay on for 2 months in which I would make $4000 a month but will not reach the limit of $17040 but will be over the $1420 a month that ss arrives at by dividing the limit by 12. Will they reduce my monthly ss even though I am not going over the yearly limit?

Hi,

No, if your 2018 calendar year earnings don't exceed $17,040 it wouldn't matter how much you earn in any particular months.

Best, Jerry

When Can I Start Drawing And Do I Have To Stop Working?

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I am so confused about when and how much i can earn! my husband died at age 57 not taking any Ss and I, his widow was told that I can begin to draw his SS at my 60 Birthday. but i have been told that if i work, i can't draw his SS without a huge penalty, leaving me with not much to live on. I earn 12.00 and hour and was told that he met his full credits for work so i would be able to get the full amount. But when can i draw this and do i have to stop working? I can not make more than 16.450.. a year.

Will Contributing More To My 403(b) Plan Allow Me To Receive More Widow's Benefits?

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Hi Larry, I'm 64 years old and I'm going to start collecting my deceased husbands SS benefit this year, while continuing to let mine grow. I still work and earn about 30,000 a year, I know I can only earn 17,040 without penalty. If I contribute more to my 403B will that reduce my income, so I can receive more of his benefit?
Thank you in advance for your help.
Sherry

Hi Sherry,

Should I Do A Manual Calculation Of My Earnings?

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Dear Larry, On the Social security application they ask for total earnings last year. My employer pays every other week, so their amount at the end of the 2017 year won't be an exact Jan. 1 to Dec. 31 figure ($17,153). Likewise, since I am in education paid hourly, I have 2 months of no income, and irregular amounts "paid" monthly the rest of the year, all over the $1410 limit. I planned to start benefits in April at age 62 and continue to work, and am hovering right around the earnings limit.

How Will The Earnings Test Affect My Benefits?

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I turn 66 on February 2019. I currently work and plan to stop working on 3/31/2018. I will start collecting social security on March 2018, with my first check due in April 2018. In the first 3 months of the year I will earn $22,000. In reading the SS Website it says If I earn more than $17,140 in 2018, my benefits will be reduced since I am not full retirement age. How will the Earnings Test impact my social security benefit? Are the earnings made during the months I am not collecting SS benefits used to reduce my benefit?