Hi Larry,
My wife is 64 and will retire in Jan 2018 and take her SS benefit. I understand since she is not 66 she can not earn more than about $14,000 in 2018 without taking a penalty. She will be drawing from her 401 K however and this amount may be over the $14.000 amount. My question is, Is money withdrawn from a 401 K account considered earnings toward the $14,000 limit?
Thanks,
Bob

Hi Bob,

I have applied for benefits 10/2017, MY FRA is 7/2019 when I will be 66. I understand I can make a certain amount working . however , I have been contacted by a company and if selected I would earn much more.... Let's salary would be 65K TO 75K. how does this affect my Benefits?????

Hi,

You can be paid benefits for the rest of this year if either:
A) Your 2017 earnings don't exceed $16,920; or,
B) You don't earn more than $1410 in any of the months October, November or December.

I will be FRA (66) 1/2018 and am still working and plan to continue. I would like to receive my first check 01/2018 instead of 2/2018 which will cost me about 10.00 for drawing it a month early. I will indicate that I would like to receive it 12/2017 (c. of question 26 application) so the check will be available 1/2018. Now I will have made over the yearly earnings so will I have a problem? Any advice will be appreciated.

Hi,

I am >FRA and I am currently receiving 50% of the spouse's PIA. I understand that my spouse's benefits will be reduced (by $1 for each $2 in excess earnings) If she (2 years from FRA) earns more than $17K in 2018. Would my spousal benefit be reduced when her benefit is cut or reduced because of her excess earnings?

Hi,

Larry,

I will be 62 in January, 2018. I have two children, ages 12 & 11. My wife is 54 years old with little work record. Currently I am earning about 85K per year and I wish to continue working since I am in good health and enjoy my job. At age 62, Social Security payments will be $1,646 and at full retirement age $2,342.
Can I retire in order for the children to earn benefits and continue to work to full retirement age (66 4 months)?
From what I read, after the first $17K they would deduct from my earning but would re-calculate when I fully retire?

I have been collecting my own SS benefits since May, 2017. In August my husband died. He had not started collecting his benefits when he died. Following your excellent "Maximize my Social Security" guidelines, I intended to claim my Survivor's benefit only when I turn 66 in November, 2018, when I will earn about $150 more a month than I would if I collected now.

Larry, I am committed to buying your software. But I have one more question for. I am 63. The social security office told me that if I filed now and made over a certain amount, that they would take so much out of my check each month. What I am wanting to know is, when I reach FRA, would I get any of that withheld social security back? I have been told both ways. I would and I wouldn't. Could you clarify this?
Thank you very much.

Hi,

Hi
What will be the maximum amount one can make in 2018 and 2019 without being penalized for collectin SS before ful retirement age? I know it is $16, 000 plus in 2017. What amount is this projected to be for 2018, 2019, etc. Does it increase by a certain amount or percentage each year?
Thank You!

Hi,

My DOB is 3/31/54. I took my early retirement a year and a half ago at age 62. I would like to go back to work full time and stop my social security...until age 66 where I will not have the wretched cap. I'm thinking January 1 , 2018 for this plan to stop and return full time.
Can I do this without penalty?
Any other suggestions?
Thank you very much for your time and assistance!

Hi,