I am 70 and still working. How much income can I earn while collecting benefits?
Full question: I am 70 years old and I am working how much can I make in 2022 and 2023? I will be applying for Social Security benefits this month. Hello, There are two earnings limits that retirees need to be aware of before collecting while continuing to work. The lower limit is $19,560 which…Read More
How does earned income affect Social Security benefits?
Full question: I turn 62 in January 2023 and want to collect Social Security. I have earned $55,000 in 2022. How will that affect my benefit in 2023? Hello, If you have earnings in 2022, but do not file until 2023, your earnings for 2022 will not impact your benefits. However, if you decide to…Read More
I’m 57 and still working. Does my disabled husband qualify to receive spousal benefits?
Full question: My husband is 66 years old and disabled, not enough credits or he has only 36 credits working history. I’m 57 and still working. Is my husband qualified to receive spousal benefits? Hello, I am assuming your husband is NOT collecting Social Security disability insurance benefits. When you become entitled and begin collecting…Read More
Can I supplement my income by working past the age of 70?
Hi there, Yes, you can work past the age of 70 to supplement your Social Security income. Working past age 70 may or may not affect your Social Security income. Depending on your income, your Social Security could be subject to federal (and state, depending on where you live) taxation. Your future income even has…Read More
Am I required to pay back an overpayment to the Social Security Administration?
Full question: After filing for Social Security at age 63 and receiving 5 payments, I received a letter from Social Security saying I needed to pay the money back because I would make too much. Am I required to pay that money back, if so, why? Hello, If you began collecting before your Full Retirement…Read More
Does a widow’s survivor benefit get reduced if she is still working?
Full question: I can’t find clarification on survivor benefits and earnings limits. If a husband passes away and the survivor wife is age 55 and is working and caring for kid(s) under 16, does her benefit get reduced because she is working? Hello, Yes, like other Social Security benefits, survivor benefits also are subject to…Read More