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Recent Monthly Earnings questions

If I take retirement benefits before age 66 I know I'm

If I take retirement benefits before age 66 I know I'm limited to earning some $1,300.00 per month. Two questions: When I get to age 66 is that limitation lifted? Is the allowed amount prior to age 66 gross income or take home? My work has significant business expenses associated with it.Thanks

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,158 satisfied customers
I received form no. SSA -L9790-sm (7-2016)... I don't know

I received form no. SSA -L9790-sm (7-2016)... I don't know why I received this form... I retired in July 2015 after I sustained an injury which resulted in my being out of work until the point at which I retired... I was on workers comp. until a couple of months after I retired... I started to get my SSA pension in August 2015 I believe (started getting my standard pension)... I also received a settlement from workers comp. after a hearing with the commissioner and my attorney was present. I accepted the amount offered... I had received and continued to receive payments until that time... I believe it was on or about Feb. 2016...Question 1-Why did I receive this letter and is it a standard to receive this-In other words is it typical/common to get this letter?Question 2- I am not receiving SSI or SSD benefits and do not expect to-I had previously applied and was denied and I chose not to appeal... That said,,,can any of my benefits/retirement or workers comp. settlement be reduced or garnished in any way under Ct. State and Federal law? I believe reductions can occur if I was receiving either SSD or SSI-which I am not...Question 3-Is my settlement/award taxable? Thanks...

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

11,588 satisfied customers
Today I talked to sociol security. I have multiple scherzos

Today I talked to sociol security. I have multiple scherzos i. I am getting $1800 a month from teachers retirement I gualified for disabilityteachers retirement.I inquired about getting social security through my hucband.We have beenmarried for 44 years. I am 65They saidbecause of my teachers retirement, I couldn't get any. Is this right?I have 16 credits . I ask.them if I could get S. S. when I get 40credits .They said it depended on my teacher's retirementIs all this right ?,,I

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,158 satisfied customers
I was under the impression when I filed last year in

Hey I was under the impression when I filed last year in September at 65 that as long as I stayed under 15,720 for the BALANCE of the year that I would be within the guidelines and the money that I earned previous to September did not count. What do you think? Duwaine

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keeperumiami

Sr Financial & Tax Consultant

Bachelor's Degree

8,934 satisfied customers
I am 71 years old. Still working in my own company, pay both

I am 71 years old. Still working in my own company, pay both sides of S/S about $ 11,000.00 per year. Am I benefiting from continuing to pay S/S taxes or should I earn less ?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,158 satisfied customers
I turn 62 on August 11, 2016. I have applied security. I

I turn 62 on August 11, 2016. I have applied for social security. I will make approximately $25,000 this year. My social security payout will be $1,953/month. Can you please tell me how much my payout will be reduced by. The social security agent said that I wouldn't get a check until May of 2017. Is that correct?Thank youRK

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,158 satisfied customers
I began taking ss in 1997 age 65, it has continued ever

I began taking ss in 1997 age 65, it has continued ever since. I worked 1999 thru 2009. I started working again Feb 2015 thru today. I would like to know if the monthly amount I receive reflects an acturate amount of increase since I started receiving ss in 1998. Thank you ***** Stinyf

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,158 satisfied customers
My ex-husband and I were married 23 years, divorced in 1985.

My ex-husband and I were married 23 years, divorced in 1985. He died in 2000. At 65 I applied for Medicare and was told by SS that I was entitled to a monthly benefit. I received about $1500 a month on top of my salary which was a very income. I retired at 72 and now receive a pension from the city I worked for. Very nice. I went to SS to change my status and I was told I would receive no benefit except Medicare. I qualified on my own, but did argue with them. I was then called back to the office and was told that I would receive a benefit based on my earnings. I receive $350.60 a month plus Medicare.Finally my question. Why is my benefit based on my SS qualifications and not my ex-husband's. It would be quite a bit higher. Just a curiosity question, nothing more.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,158 satisfied customers
My Social Security number is ***-**-****. I received a

My Social Security number is ***-**-****. I received a letter telling me that I don't qualify for my husbands SS because I have a pension. I taught for 20 plus years but only part time. The district kept me at 17 1/2 hours because 18 hours was considered full time. At that time my pension was based on the 3 highest consecutive years. My pension then was $630.00 presently it is approximately $800.00. I was also notified that my personal pension would be lowered. I am getting $64.00 per month. My husband died recently and I applied for his SS and was denied. That isn't right. He served in the Navy in Korea, I taught at risk young people. I have to sell my house where we lived for 24 years. I don't know where I am going to live. Why can't decent people like us benefit by our hard work?

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Stephanie O Joy, Esq

Managing Lawyer/Advocate

Doctoral Degree

11,588 satisfied customers
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