I started collecting my ss at 66 and continue to work full time. If while doing this my salary falls into one of my top 35 yrs. Of earnings will my amount of ss be able to increase on my next birthdays until i am 70 as long as i work and earn
Hi,
I began receiving SS at my full retirement age while continuing to work. Each March I have received an additional bump when they update my earnings from the previous year. Our tax returns have always been filed the first of February, however, I have not yet received that bump from working all of 2019, my highest earning year ever! I suppose this has been due to COVID-19 furloughs. Do you know when the SSA might catch up? Thanks
Hi,
Hi Larry, Back on October 19, 2017 I submitted a question that you filed under "Recomputations"
"When Will My Benefit Rate Increase ................. Benefits Were Suspended"
Well. Now I am 67 in May 2020, they just did the adjustment, sent a letter and did a one time payment.
You called it a AFR, Reduction Factor Adjustment back in your 2017 answer.
I receive survivor benefits, and had 18 months withheld due to the earnings test. I'm 66 now (FRA). Will I see an increase in my benefit to recover what was withheld? I know this is the case for an individuals regular benefit but have not seen an answer regarding survivor benefit. I turned 66 5 months ago.
Hi,
I retired and am receiving trs and 1/2 of my social security benefits on my own record. I am divorced after 35 years of marriage and have not remarried. My ex-spouse is retired receiving social security benefits and has remarried. I have since had to go back to work and pay into social security. What happens to the social security I am paying in now? I am 70 years of age.
Hi,
Hi Larry,
I had to start my retirement benefits @ 62 (2015) due to being unemployed for many months prior to my birthday, which is in May. Latter that year I was fortunate to become reemployed and continue to receive benefits for remainder of the year (2015). For 2016 and present year (2017), my benefits are suspended due to earnings test and also anticipate same for next year, 2018. In January of 2019, my 66th birthday year, I'm assuming my checks will start back up based on the 1/3 earnings test and receive partial payments (based on $60,000 annual income).
You gave an answer below which I can't completely grasp. Here is what you said "Larry Kotlikoff: You can’t suspend your benefit until you reach full retirement age. And you can’t repay all the benefits you received and reapply if you have been receiving benefits for a year or more. But don’t worry.
Hello Larry,
I am 77. Since my full retirement age .at 65, I have continued to work part-time, although at much lower salaries than before retirement. Am I entitled to an increased SS payment for these years of work with payments into SS?