I realize you have a question about social security. My goal is to provide you with excellent service, and help you better understand your options.
How are you today?
In the year you retire, there is a special rule. You will receive your social security check for each month that your earnings are below $1,260 and you do not perform substantial services.
So, your earnings from January to June would not count against you if you started drawing in June.
Thanks. Have the limits been set yet for 2014 or will it remain at $15,120.00?
The limit hasn't been announced for 2014 yet, if it goes up it will only be by a few hundred dollars
Thanks, Megan. I'm planning on leaving my social security alone until I'm at least 66 and plan to draw against my husbands. Are there any special rules that apply to a widow's benefit versus my own social security?
No, there are no special rules. Your benefit will continue to grow until it reaches its max at age 70
But the same earnings limits and rules apply
thanks....you've been a lot of help. I've gotten mixed answers at our local social security office. I was told that SS would withhold the first 5 months of SS payout if I earned my current salary prior to June. I like your answer much better!
I'm glad I could help.
Is there anything else I can assist you with today?
Not today...thanks. You might hear from me again next year if I decide to retire in June, 2014.
Here's the link to the rule that I told you about, so you know I'm not just pulling your leg CLICK HERE
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