Social Security

Ask Social Security Questions and Get Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Social Security

I am retiring in May or June of 2017 (at 64 and 7 months). I

Customer Question
would have earned in the...
I am retiring in May or June of 2017 (at 64 and 7 months). I would have earned in the neighborhood of 50K. Do I still start collecting the full amount of my ss retirement the rest of the year or does the $15,720 limit apply?
JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else important you think the Retirement Accountant should know?
Customer: I don't think so. I am disabled, however, I do not receive a disability payment and I still work full time.
Submitted: 1 year ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 8 minutes by:
10/9/2016
Social Security Expert: keeperumiami, Senior Tax Expert & Financial Planner replied 1 year ago
keeperumiami
keeperumiami, Senior Tax Expert & Financial Planner
Category: Social Security
Satisfied Customers: 7,211
Experience: Sr Tax Expert/Financial PlannerCPA/PFS (retired)Over forty years of advising individuals & small businesses
Verified

Hello, my name is***** goal is to give you a complete & accurate answer. I am working on your request now & I will respond as soon as possible.

Ask Your Own Social Security Question
Social Security Expert: keeperumiami, Senior Tax Expert & Financial Planner replied 1 year ago

For the year of retirement, the earnings limit is applied on a monthly basis.

For example, for retires in 2016, the monthly earnings limit is $1,310.

The earnings limit for 2017 has not been determined, but it is expected to change very little for 2017.

So what that means, using the 2016 numbers, is that for the year when you retire, what you earned prior to the month that you retire, doesn't matter. The annual earnings limit for retires under their full retirement age is applied on a monthly basis, or as described above $1,310. a month. So if your monthly earnings after retirement is less than the comparable figure for 2017, there would be no adjustment (reduction) of your Social Security benefits for any month after retirement that you do not earn more than the $1,310.

Ask Your Own Social Security Question
Ask keeperumiami Your Own Question
keeperumiami
keeperumiami
keeperumiami, Senior Tax Expert & Financial Planner
Category: Social Security
Satisfied Customers: 7,211
7,211 Satisfied Customers
Experience: Sr Tax Expert/Financial PlannerCPA/PFS (retired)Over forty years of advising individuals & small businesses

keeperumiami is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

dylatess

dylatess

ATTORNEY

3,441 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,565 satisfied customers

Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level

LawTalk

LawTalk

Attorney

3,065 satisfied customers

I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.

R. Klein, EA

R. Klein, EA

Accountant

334 satisfied customers

Tax & Social Security Benefits specialist

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

233 satisfied customers

Licensed in multiple jurisdictions, experienced business attorney.

AttorneyTom

AttorneyTom

Attorney

16 satisfied customers

Attorney

Stephanie O Joy, Esq

Stephanie O Joy, Esq

Soc. Sec. Attorney

3,227 satisfied customers

22+ years legal exp. - 12+ years owning/operating her own SSD Law practice.

< Previous | Next >

Related Social Security Questions
I am currently receiving partial survivor benefits for
I am currently receiving partial survivor benefits for $1,456 I will be turning 66 end of this month I have worked continuously until last year when I was laid off I earned over $43,000 dollars and be… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Am 82 and have never collected on my own sis account. I use
am 82 and have never collected on my own sis account. I use my late husbands account. My sis is###-##-####My question is how much would I receive on my account monthly? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am 66 and just about to apply for SS, but I realized I was
Hi: I am 66 and just about to apply for SS, but I realized I was going to have issues with the WEP. I have 20 substantial earnings years when I paid SS but I also taught for a State University where t… read more
taxmanrog
taxmanrog
Master\u0027s Degree
698 satisfied customers
I have hit the wonderful "70" now. I now can draw off my own
I have hit the wonderful "70" now. I now can draw off my own SS instead of my deseased husband. Don't know what to do now. … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
In one month I will be 62 1/2 years old and wondering what
In one month I will be 62 1/2 years old and wondering what my benefit would be if I retired? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I retired at 63 years i been collected ssi at my age 54 i
i retired at 63 years i been collected ssi at my age 54 i returned to work right now almost 10 year. do i get increase my ssi? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My husband wants to know if he should continue working since
my husband wants to know if he should continue working since he has several 0 years, will earning even a small amount increase his benefit amount in his final working years? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,466 satisfied customers
I recently received the form SSA-455 for my disabled son. He
I recently received the form SSA-455 for my disabled son. He is in a supported work program with Villa Esperanza Services. He is paid twice a month and has been working for several years. How do I ans… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,466 satisfied customers
I started drawing social sec at 65. I have a small business
I started drawing social sec at 65. I have a small business and have been paying self employment taxes for about 10 years. Should my benefit increase. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,466 satisfied customers
I am a retired educator of 28 years in Maine. I am currently
I am a retired educator of 28 years in Maine. I am currently receiving a pension from the Maine State Retirement System. I have more than enough quarters worked to qualify for SS benefits. Why is it t… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What is my earnings limit, what is the penaltie for earning
what is the penaltie for earning over 1600 dollars per month … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
DOB 5/2/1952 Age 65 Gross earnings from wages YTD $26,000.
DOB 5/2/1952 Age 65 Gross earnings from wages YTD $26,000. If I apply or ss benefits now, is the excess between $26,000 and the $16,830 limit or $9170 impact my monthly benefit since it was earned pri… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have taken Social Security at age 66. I have taken social
I have taken social security at age 66. does it increase when I reach 70 or does it stay the same? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Want to know what I will get if I retire now, how do I
want to know what I will get if I retire now JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best. Customer: how do I contact retirement accountant JA: The… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am 60 years old and self employed. I found out that I have
Hi, I am 60 years old and self employed. I found out that I have been earning 32 points until now on my social number. I need to earn 8 points to collect my old pention. I would like to know how much … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I need a copy of how much I make each month for an apartment
I need a copy of how much I make each month for an apartment that I am renting in Louisana. They need to have prove of my monthly earnings. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,466 satisfied customers
I was married for 15 years, 3 children. Divorced from him in
I was married for 15 years, 3 children. Divorced from him in 1996. neither of us remarried. He died about 10 years after the divorce. I am no 60 years old. can I start receiving SS benefits for being … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Publication No.05-10069 Current Annual and Monthly earnings
Publication No.05-10069 Current Annual and Monthly earnings limits … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x