Earnings Test

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


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.

Hi Sherry,

Should I Do A Manual Calculation Of My Earnings?


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?


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?

Is It True That Social Security Will Use My 2017 Earnings To Determine How Much I Can Receive In 2018?


I reached 62 in Nov 2017. I claimed Social Security that month and was told I would be a getting $1,153 payment starting Dec 2017 and actually receiving the money around 10 January 2018, then receive each payment on the second Wednesday each month thereafter. I just received a letter from SS Admin stating they cannot pay benefits beginning January 2018. Their basing this on earnings for 2017 which were $21,090 (I worked part time) and they are using this estimate to decide my benefits for 2018.

Why Is Social Security Withholding My December Payment?


I am 60 years old, still working and applied for my ex's survivor benefits in July (when I turned 60.) I qualified for the benefit. Social Security withheld 3 months because of my salary and my first payment was paid in November. My second payment was received on Dec 20th. Yesterday, I checked online regarding January's payment and it said my payments are "suspended" because I worked. Of course I worked...they calculated my 2017 benefits with my income in consideration.

What Is The Real Story?


I am still working and applied to take my social security benefit in April 1917. I turned 66 in March 2017.
I earn $100k in my job. thought that I would avoid a penalty when I read this statement:

"In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age. If you will reach full retirement age in 2018, the limit on your earnings for the months before full retirement age is $45,360.

Is It True That Social Security Will Not Deduct Any Money From My Benefits No Matter How Much I Earn Next Year?


A friend just showed me something from S. S. .. it states that in 2018 if I am 66 or older, that it won't matter how much money I make, that S. S. will not deduct money from my S. S. Is that true? I started drawing S. S. at 62. I had too much money as earned income doing the 2016 taxes and they deducted $200 for the total year of 2017.