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Recent Benefits Amount questions

I you pay in Social Security after you start drawing does

I you pay in Social Security after you start drawing does that increase your SS CHECK. How does that work?

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TaxRobin

Vocational, Technical or Trade School

20,924 satisfied customers
I am retired and drawing SS. I have taken a part time job

I am retired and drawing SS. I have taken a part time job and my new employer is deducting SS from my checks. My new PT job will never produce any significant income or come close to my income before retirement. Thus far, I have not seen any change in my SS benefits due to the amounts paid in after I retired. What happens to my contributions I am currently making? Where does my money go? Can I file something to get it back? Can my employer to stop taking my money? We do not have enough income to file income tax returns anymore

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TaxRobin

Vocational, Technical or Trade School

20,924 satisfied customers
At 60, after being UNEM for 3 years following a layoff, I

Hi! At 60, after being UNEM for 3 years following a layoff, I took a part-time job at a relatively low salary. Unable to exist on a part-time income, at 62, I began my SS benefits. Then in Sept 2015, my part-time job became full-time. As of August 2016, my gross income is at 18k, though net is 13.5k, and I am still collecting my benefits. I am about to call SS to inform them my gross is over 15.7K. Is this the best course of action to take?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,220 satisfied customers
My wife and I are both turning 66 this October which will be

My wife and I are both turning 66 this October which will be our FRA (Full Retirement Age). Her earnings record is less than half of mine. I have received different answers from Social Security regarding claiming spousal benefits at delayed retirement. If I were to wait until age 70 to claim, can my wife claim at age 66, then convert to spousal benefit amount at age 70?

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LawTalk

Attorney at Law

Juris Doctor

32,420 satisfied customers
I am 68 currently drawing S.S. I am considering going back

i am 68 currently drawing S.S. I am considering going back to work and i will be making 36k per year. I currently draw $25,200 per year after medicare. Would my benefits stop and then when I quit working after a couple of years or so, start back up at a higher rate.

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

11,590 satisfied customers
I am going to be 65 next month and would like to start

I am going to be 65 next month and would like to start collecting on my social security. My husband is younger than me and wont be eligeble to collect for another five years. If I start collecting now and 750.00 a month can I still get part of his when he is ready to collect? I think I heard that when he starts collecting I will get the difference added to my amount to equal half of his. Is this correct? or will I be locked into my 750.00 for the rest of my life?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,220 satisfied customers
Why am I not getting my social security benefit for 68 when

why am I not getting my social security benefit for 68 when I applied after my 68th birthday?

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

11,590 satisfied customers
Spouse just turned 62. Should she start collecting her

Spouse just turned 62. Should she start collecting her benefit. I am 65 and still working and plan to start collecting at 66. Can my spouse then start collecting my spousal benefit at that time and stop collecting her benefit. Is it correct that she is eligible to collect half of my benefit minus what her full benefit would be?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,220 satisfied customers
My wife started drawing her own small social security check

My wife started drawing her own small social security check when she turned 62? As I am her husband and am now applying for my benefits at age 66, is she now eligible to file for spousal benefits which would be 1/2 of my monthly draw and quite a bit larger than what she is drawing now?

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LawTalk

Attorney at Law

Juris Doctor

32,420 satisfied customers
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