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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 13373
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
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I can make up to about 1,200 per month and still get my full

Customer Question

I can make up to about 1,200 per month and still get my full SS benefit. If I pull money out of my retirement account, is that subtracted from the 1,200
Submitted: 1 year ago.
Category: Social Security
Expert:  Megan C replied 1 year ago.

Customer:

I realize you have a question about social security. My goal is to help you better understand your options.

Customer:

Your retirement account funds do not count towards your earnings limit

Customer:

So, you can draw an unlimited amount from your retirement account and still get your full retirement benefits

Customer:

The only earnings that are counted, are earnings from work such as self employment or a job

Customer:

Investments and retirement account do not count towards that limit

Customer:

Is there anything else that I can assist you with today?

Customer:

If not, please rate my response as "excellent" so that I may receive credit for assisting you today

Expert:  Megan C replied 1 year ago.
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information.

What happens now?

If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
Expert:  Megan C replied 1 year ago.
I see we were having trouble in chat. Please take a moment to rate my response excellent so that I may receive credit for assisting you today.

Please let me know if you have further questions
Expert:  Megan C replied 1 year ago.

Jack,

I see you rated our service as 'bad', and I also realize we were having difficulty in chat - was there anything in my answer that you felt was lacking? I am personally penalized for bad ratings. I gave you good news, yet I received a bad rating - which confuses me. If you expected more detail, let me know what further information you need and I will do my best to provide it.

If you have further questions, please ask them here. Let me know how I can earn your excellent service rating.

Thanks!

Megan

Expert:  Megan C replied 1 year ago.
Thanks for allowing me the opportunity to help you. Please let me know if I can be of any further assistance to you in this matter. I really enjoyed working with you – please feel free to request me again when you come back to ask another question. Simply enter "MyVirtualCPA" in the subject of your question Thanks again for being a JustAnswer customer

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