Ask Larry


Is It True That At Age 70 The Amount I Earn Will Be Limited?

I am almost 68, collecting social security and self-employed. I was recently told that at age 70, the income I personally earn would be limited. Is that correct?

Hi. No, at least as far as Social Security is concerned. Once you reach full retirement age (FRA), none of your Social Security benefits would be withheld regardless of how much you earn.

Best, Jerry

Sunday, June 12, 2022 - 13:17

Are All Of The Social Security Statements Available Online Incorrect?

Are all of the Social Security Statements available on My Social Security incorrect? The SSA revised the statement that can be downloaded from the My Social Security website about 1 year ago. It now shows the amount of future benefit amounts at FRA, 67, 68, 69, and 70. It is correct at FRA and 70, but it is understated at 67, 68, and 69 by a significant amount.

Wednesday, June 8, 2022 - 08:22

If I Take A Job Will I Lose Some Of My Benefits?

I am 69 years old and drawing social security. My husband died Feb. 2022 and I am now drawing widow's benefits to match what he was drawing. If I take a custodian job at my church that pays $1300 a month, will I lose the extra social security I started receiving and go back to my original amount?

Hi. I'm sorry for your loss. The answer to your question is no. Since you are over full retirement age (FRA), you won't lose any of your Social Security benefits if you start working regardless of how much you earn.

Best, Jerry

Thursday, June 2, 2022 - 10:33

How Can My Wife Find Out How Many Quarters She Has?

I retired at 65 and began taking SS benefits at 66 (FRA for me since I was born in 1951). My wife was born in 1952 and did not have enough quarters to qualify for her own SS benefit. Accordingly, we decided to file for spousal benefits for her at age 65. The various spreadsheets I ran suggested this produced the highest lifetime benefits for us. Since my wife began taking spousal benefits, she has been working on her doctorate which involves teaching and thus W2s and paying FICA. She may soon have enough quarters to qualify for her own benefit (she is now 70).

Sunday, May 29, 2022 - 21:01

Can I Make A Lump Sum Payment To Social Security To Get The Credits I Need To Be Insured For Benefits?

Hello Larry
I worked in the US under an H1B visa fromn1995 to 1999. I only have 24 credits, short of the minimum required, namely 40 credits.
I have been back home since late 1999. My home country is not a participant of a TOTALIZATION agreement with the US.
Couldn't I make a lump sum payment to the US Social Security department for the 16 credits I need to meet the minimum required ??
Thank you.

Sunday, May 29, 2022 - 20:54

Do I Need To Apply For SS Benefits Or Do I Stay On SS Disability?

I’m on SSDAnd I turn 75 in a few months. Do I need to apply for as SS benefits or do I stay on SSD? Thank you for your time.

Hi. If you're nearing age 75, then you aren't receiving Social Security disability (SSDI) benefits. SSDI benefits can only be paid for months prior to when a person reaches their full retirement age (FRA).

Thursday, May 26, 2022 - 13:27

How Do I Find Out If It Would Be Worth It To Apply For A Totalization Pension From Germany?

I have a dual citizenship. Lived in Germany for 4 years. Worked and paid into the German Rentenverschierung for 3 to 3 1/2 years. Returned to the States. Lived and worked here ever since then. Do i qualify for a refund or no because of my dual citizenship. If no, should i try the totalization for the German pension since i had paid in enough to the American pension at age 38, only wasnt of age to retire. How do i find out if it would be worth it scince itll be subject to the windfall. Im retired an going to be 69.

Friday, May 20, 2022 - 21:08
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