My husband fully retired in April 2018. He will turn 66 in April 2019. He will be receiving a bulk sum distribution of his 457b account in Feb 2019. The monies in the account were deferred income from his years working for a nonprofit hospital. Will that distribution be considered 2019 income for Social Security purposes? (does the fact that is reported on a W2 form have any bearing on the matter?).
How much can I earn in 2018? I turned 66 in 2017. I retired in 2014
If you turned age 66 in 2017, there's no limit on how much you could earn and still receive all of your Social Security benefits in 2018.
I am going to be 60 years old on Dec 2018, my husband passed away from cancer last year, he would have 65 in August 2018. I applied for widows benefits in new jersey. I was told that I can not make above $17 000 a year, if I do I have to pay back $1 for every $2 I have, is this true?.
2nd question I have is if i I make over 17 000 a year, and I told social security office yo stop my payments in october, do I still have to pay back on my earnings for the rest of the year.
We have a disabled (since birth) son who was receiving SSI until my husband took his Soc Sec early. My son is now receives 50% of my husband's full retirement benefit as a DAC. He's been offered an unexpected employment opportunity which would amount to more than twice his current Soc Sec benefit plus my son's benefit. If he takes that position, I understand he will be repaying all of his benefit as he is still two years away from his full retirement age.
I will turn 60 next year and will be eligible for my deceased spouse's social security. I currently work full time over 40 hours per week, and plan to continue to work 32 hours so I can still be eligible for insurance at work. I plan on taking my social security at 70. I will go over the threshold of how much you can earn and still collect. Is it a good idea to still collect his at 60? What happens if it's a wash and you end up owing as much as they'd paid to you.
I am self employed, so if I take my SS now at 64 and start to generate income
I understand they could suspend or reduce my benefits. How will they know
what I am earning before I file my taxes and submit my 1099? If it is
suspended based on earning do i have to repay what was withdrawn?
Also if the benefits are suspended because I start earning again and if I am
able to go to 70 before retaking my benefits how will they calculate it? Will
it be my original benefit or will it continue to grow as I be contributing
What is the maximum amount I can receiving in wages when I turn sixty two?
if you start social security at 62 and at 64 you decide that you want to work can you stop it and pick it back up at 66 or 67
Can a man 67 years old that draws Social security.Work a part time job without effecting this social security check