Social Security

Ask social security questions and get answers ASAP

Ask an Expert,
Get an Answer ASAP!

I will work the first three months of 2018 then retire &

Customer Question
I will work the...

I will work the first three months of 2018 then retire & start drawing my social security in April when I am age 65. Will the income that I made the first three months count toward halfing to give back because I made to much money in the first three months of 2018?

Submitted: 7 months ago.Category: Social Security
Show More
Show Less
Ask Your Own Social Security Question
Answered in 9 minutes by:
12/19/2017
Social Security Expert: lev-tax, Tax Advisor replied 7 months ago
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 33,120
Experience: Taxes, Immigration, Labor Relations
Verified

If you will be 65 in 2018 - means your year of birth is 1953 - and your FRA - full retirement age is 66.

If you start your social security benefits in 2018 - you will be below your FRA for the whole 2018 year - and your earning will be limited.

Ask Your Own Social Security Question
Social Security Expert: lev-tax, Tax Advisor replied 7 months ago

For 2018 that limit is $17,040.

Otherwise - the SSA will deduct $1 from your benefit payments for every $2 you earn above the annual limit.

HOWEVER - for the FIRST year you retire - the SSA will consider you as retired if monthly earnings are $1,420 or less.

So because ALL your earnings will be during beginning of the year BEFORE you started your social security benefits - your earning will NOT affect your benefits for the rest of the year.

Let me know if you need any clarification this matter.

Ask Your Own Social Security Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a social security expertLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask lev-tax Your Own Question
lev-tax
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 33,120
33,120 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

lev-tax 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

3,467 satisfied customers

37 plus years of SSD practice

Megan C

Megan C

Certified Public Accountant (CPA)

4,582 satisfied customers

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

LawTalk

LawTalk

Attorney

3,071 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

3,283 satisfied customers

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

< Previous | Next >

Related Social Security Questions
I'm 65 and started receiving $2,254 a month from Social
I'm 65 and started receiving $2,254 a month from Social Security. I went back to work in April and am receiving approximately $8,333 in gross earnings a month. How much of my social security will I be… read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
If I draw social security at the age of 65, how much income
If I draw social security at the age of 65, how much income can I make? … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
If I work past age 65, how much money can I make without
If I work past age 65, how much money can I make without penalties … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,467 satisfied customers
I will turn 66 in July. I have been retired since 2004
I will turn 66 in July. I have been retired since 2004 drawing retirement. My husband is drawing Social Security. My question: Can I file a restricted application getting an amount of half of his Soci… read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I plan on retiring in April how much can I make before I
I plan on retiring in April how much can I make before I RETIRE … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I will be turning 66 in October 2018- I am still working and
I will be turning 66 in October 2018- I am still working and I have been divorced from my first husband and 2nd. I was married to my first husband for 11 years and I want to know how much of his socia… read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I'll be turning 65 in May. I am entitled to half my
Hi there – I'll be turning 65 in May. I am entitled to half my ex-husband's benefits (we were married 20 years, he made more than I, etc.) I would like to start drawing his benefits, and hold off draw… read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
Can I change my retirement date from April 2018 to January
Can I change my retirement date from April 2018 to January 2019? I received a letter from SSD that they will withhold most of the money I thought I would receive. I'll turn 65 in Dec 2018 and will ret… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
IF I APPLY FOR SOCIAL SECURITY EARLY RETIREMENT BENEFITS AS
IF I APPLY FOR SOCIAL SECURITY EARLY RETIREMENT BENEFITS AS OF RIGHT NOW, WILL I BE ABLE TO CONTINUE WORKING AT MY PRESENT JOB FOR SEVEN TO EIGHT MORE MONTHS AND ANOTHER QUESTION, WHEN WILL I BE ABLE … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I expect to receive my first SS payment next month When does
I expect to receive my first SS payment next month When does the time period for earning the maximum $17,040 start? … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
My question is simple but I have received several answers
My question is simple but I have received several answers and do not know what to do. Today, I turned 65, I have been working since age 15. I want to continue to work and I was told I can and also col… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,433 satisfied customers
I'm currently 65 and will turn 66 on Feb 9, 2018. When do I
Hi, I'm currently 65 and will turn 66 on Feb 9, 2018. … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
If i make up to the yearly limit in 2018 in 3 months, then
if i make up to the yearly limit in 2018 in 3 months, then cut down to the monthly total of near 1400 a month, when would i get my first check from social security and for what amount? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am 65 years old. I am currently working but I am going to
I am 65 years old. I am currently working but I am going to retire in march of 2018. More than likely I will work 2 days a week after my retirement. I would like to start receiving my ss benefit in Ja… read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I will turn 65 in December of this year and want o retire
I will turn 65 in December of this year and want o retire beginning March or April of 2018. What would my monthly benefit be? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am disabled and receive SSI and I am 66. It also happens
HI. I am disabled and receive SSI and I am 66. It also happens that I worked very little and there is nothing in my SS. What is going to happen to me? … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I draw 735.00 per month from s.s.i.how much can I earn
I draw 735.00 per month from s.s.i.how much can I earn without it affecting my s.s.i. check. … read more
lev-tax
lev-tax
Tax Advisor
33,120 satisfied customers
I started drawing my S.S at 62.April 2. I worked up util April
I started drawing my S.S at 62.April 2. I worked up util April of that year. I worked a little the following yea.made about 10,000. Last year I grew a few water mellons and filed on income tax. about … read more
PDtax
PDtax
Owner
Master\u0027s Degree
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