What happens if I am collecting Social Security and still working before my FRA?
Full question: I would like to file at 66 and 1 month for a birthday of 02/20/1957 but I’m still working. Is there a different tax rate if I’m not on my full age of 66 and 6 months? I’m going to continue working even longer but I need the money. Hi, Thank you for…Read More
Will I get the larger amount if I qualify for multiple benefits?
Full question: I get survivors benefits now, I am 65 and have worked 27 years past my husbands death. If I continue his until 70 and then switch to mine (I’m still working) will I get a larger check? Hi there, Thank you for the question about collecting survivor benefits and switching to your own…Read More
I am collecting retirement benefits. Do my benefits increase since I am still working and paying taxes?
Full question: Do my retirement benefits increase because I am still in the work force and therefore still paying taxes? I am 67 years old, receiving monthly Social Security benefits and still working. Hi there, This is a great question. If you have already begun receiving your Social Security benefits you may still increase your…Read More
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