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Ask Megan C Your Own Question
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 16576
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
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I have just been offered a full-time job and am collecting

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I have just been offered a full-time job and am collecting ssi. the salary from the job isn't quite enough to support me so I need the ssi to live. Will I received decreased ssi due to my job?

Megan C :

Thank you for your question and thanks for using JustAnswer.com

Megan C :

How are you today?

Megan C :

So you are receiving SSI, which is a low income benefit ...or, are you receiving a regular disability or retirement benefit based on your earnings?

Megan C :

This will determine how your benefits are reduced.

Megan C :

If at all

Customer:

regular retirement

Customer:

I was unemployed for quite some time

Megan C :

Okay that's great news. How old are you?

Megan C :

(that's great news you are on retirement)

Customer:

63

Megan C :

Okay. Your benefit will only be reduced if you earn over $15,120 during the year

Megan C :

If you earn over $15,120 then your benefit is reduced $1 for every $2 above that amount.

Megan C :

So, if you earn less than that there is no reduction whatsoever.

Customer:

ah ok

Megan C :

Will you earn below that amount?

Customer:

no it will be above that

Megan C :

Okay, so you will just need to figure the amount that is above that, and divide that in half. That's what social security will reduce

Megan C :

Once you reach full retirement age, there is no reduction whatsoever

Customer:

thank you very much

Megan C :

You're so very welcome

Megan C :

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

Megan C :

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

Customer:

nothing else. you have been most helpful

Megan C and other Social Security Specialists are ready to help you