Earnings Test
Assessing Your Social Security Readiness
Social Security can be fairly complex, and anyone who has sailed those waters can tell you that there are some basic things you should know before you get to the point of claiming your earned benefits. The Motley Fool’s Christy…
Ask Rusty – I’m Approaching 65 – Should I Claim Social Security?
Dear Rusty: I am fast approaching 65 (in August) and plan to continue working full time. I would like to know the implications of that, and about drawing Social Security. Same question for my husband who is past his full…
Ask Rusty – What Counts for Social Security’s Earnings Limit?
Dear Rusty: I retired on February 1st of this year (2022). I collect a pension from my employer plus a union pension, as well as Social Security, all of which started in February 2022. I am married and I’m 65…
Ask Rusty – Will My Work Earnings Affect My Social Security Benefits?
Dear Rusty: I am presently 67 years of age and am still working full time. I am receiving Medicare coverage, but I have not yet applied for monthly Social Security payments. I have been told that I can take SS…
The perils of filing for Social Security early
Most folks aging into Social Security eligibility are aware that they can file for benefits at age 62. What they may not be fully aware of, though, is the downsides associated with the decision to file before reaching full retirement…
Ask Rusty – Can I Get Survivor Benefits While Still Working?
Dear Rusty: I lost my wife several years ago and I qualified for Social Security Spousal benefits. Unfortunately, because of my income, I have not been able to take advantage of this benefit. I am currently 64 and still working.…
Ask Rusty – Can A Working Widow Collect Survivor Benefits?
Dear Rusty: I’m 63 and still employed. My husband passed away 7 years ago at the age of 58. Am I able to collect my husband’s Social Security while I’m still working? Signed: Working Widow Dear Working Widow: Technically at…
Starting Benefits Mid-year but Over the Monthly-Limit
The AMAC Foundation’s Social Security Advisory Service is receiving quite a few inquiries from folks looking to start their benefits early, especially when one spouse loses their employment and the other spouse is a low-earner. The low-earning spouse needs to continue working, and…
Can Your the Value of Your Social Security Benefits Decrease?
Well, yes, and there are several ways that this could happen. As outlined in an article by Selena Maranjian posted on missoulian.com, there are two scenarios under which benefits could be impacted negatively, with the first being the result of the “earnings test”…
More on the Social Security Earnings Test
In a post on www.forbes.com, Laurence Kotlikoff provides a detailed explanation of the Social Security earnings test and how it impacts the benefits of those who choose to continue employment after filing for benefits. His post also addresses questions on an assortment…