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suspended based on earning do i have to repay what was withdrawn?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
Earnings Test: Are they using earning exempt amount of $17,040, AND hours worked if you are a self employed 1099, even if you made under the earnings limit of $17,040 so far in 2018 ? Like you mentioned I believe Earning limit only test if below $17,040. Why is there so much mis information out there ? They never mention where they found this self employment rule. I think this is the rule which applies if you are over $17,040 , not under.
I will be over the max i can earn in 2018 ( prior to 66th birthday in march 2019). are they going to take it all out at once? if so that means i won't get any social security payment for two months. And do they use the "Gross" or the amount i actually get deposited?
Subject: Earning Test : First year Retired at 62 for a 1099 contractor for limo/van car service driver
Earning Test quagmire and how to respond to the SSA form "Earnings Estimate Form SSA-L9781-SM"
IN 2018 I turned 62 in July 29 2018... I am retired as of AUG 1 2018.
I had to work during Aug Sep to make ends not meet. But I still made less than the 17040 for NET EARNINGS.
I have 401K, & Pension that will be available after I retire. Will I be able to keep this in savings and draw from just the interest monthly to supplement SS?