Full question: Hi Martha. I just turned 59 yeas old and have been collecting SSDI and a private disability benefit for the past 3-4 years. My wife of 36 years will be 60 years old in early July. She is retired from New York State and collecting her retirement benefit from NYS. Unfortunately, due to…

Hello, Thank you for reaching out with your question about paying into Social Security while working as a 1099 independent contractor. As a self-employed individual filing a 1099, you are responsible for paying Social Security and Medicare taxes through self-employment taxes. This is done by filing an IRS Schedule SE (Form 1040) to report your…

Full question: I’ve worked for corporations since 1975 and have SSA earned income from those jobs. I also own a small business (since 1994, LLC with average total income $5k per year) that rarely shows a profit. Do I need to include that as ‘self employment’ if I have no earned income from the business?…

Hi there, Yes, you may be entitled to collect survivor benefits based on your deceased husband’s earnings record and still work. You must have been married at least 9 months and be at least 60 to collect survivor benefits and 62 to collect retirement benefits. If you are working, collecting benefits, and younger than your…

Full question: I am 62 years old . If I start collecting social security now but continue working are my benefits going to be reduced or they will be the same as if I am not working ? Thank you Hi there, If you start collecting your retirement benefits and are still working, your benefits…

Full question: If I am still working and my husband is retired collecting Social Security what is the advantage/disadvantage for me to apply/collect spousal benefits now? Hi there, If you are still working and are younger than your full retirement age, you will be subject to the earnings test threshold if you are collecting Social…