social security earnings test
Understanding the Social Security Earnings Test
Anyone claiming Social Security retirement or survivor benefits before reaching full retirement age is subject to an earnings limit which, if exceeded as a result of wages paid, will result in reduction of the amount paid. It can come as…
Ask Rusty – Will Work Earnings Affect My Social Security at Age 80?
Dear Rusty: I am 80 years old, and I receive monthly Social Security benefits, but I’m thinking about returning to work. At this age, am I limited in how much income I generate without affecting my benefit? If so, how…
Social Security 2023: A Quick Refresher on the Changing Landscape
We’re two days away from a new calendar year and, as happens every year, the flipping of the calendar brings with it a slate of new parameters governing Social Security and affecting those receiving benefits. The GoBankingRates editorial staff has…
“Unretiring” Has Become an Option for Many Dealing With the Economy…But be Careful!
We’re in a pretty tough economy right now, and the outlook for the near term doesn’t look promising. As a result, and perhaps spurred on by the constant barrage of “help wanted” postings and cries of “worker shortages” we hear…
Be aware of these changes to Social Security
There are changes coming to Social Security in 2023. Every year, Social Security undergoes some minor changes, and depending on your situation, they can be either positive or not. Even though you are not receiving Social Security benefits, you should…
Social Security retirement earnings test
The current economic conditions have many retirees thinking about returning to the workforce. First, you can get Social Security retirement or survivor benefits and work. However, if you’re younger than full retirement age and earn more than a specific dollar…
The Misunderstood Social Security Earnings Test
Social Security’s retirement earnings test is misunderstood and complicated. Those who claim retirement benefits before Full Retirement Age and continue working have 50 cents withheld for each dollar earned above $17,640. But, any benefits withheld under the earnings test are effectively…