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dylatess
dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3441
Experience:  37 plus years of SSD practice
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What happens to my benefit if I earn too much money? I had

Customer Question

What happens to my benefit if I earn too much money?
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. Please tell me more, so we can help you best.
Customer: I had my benefitit eliminated because I earned too much. When I reach FRA does that money come back?
JA: Is there anything else the Accountant should be aware of?
Customer: no
Submitted: 2 months ago.
Category: Social Security
Expert:  emc011075 replied 2 months ago.

Hi. My name is ***** ***** I will be happy to help you.

Yes, you will get the disallowed benefits back but not in a lump-sum. Once you reach your retirement age, your monthly benefit amount will be recalculated to account for the disallowed benefits. Basically, for every month your benefits were completely eliminated because of your earnings your benefits will increase by 0.67%, about 8% per year. You will get your disallowed benefits back overtime.

Expert:  emc011075 replied 2 months ago.

I see you read my respond. Do you have any questions? Is there anything else I can help you with today?