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Working while collecting Social Security - Earnings test u0026 income limits

Ted Erhart, CFP® 3 views

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@alaskan6384
 I hope you can help me with my question When calculating your monthly earnings and you work a day near the end of the month of February, but get paid for that day in March, is that considered income earned in February or March?
Comment from : @alaskan6384


@fresno402
 Can I still work at my self employed job after collecting SS at 62 and not have any penalties as long as I don't go over the earnings limit? I read on the SS website-but not sure if I understand- that I can't work over 45 hours if self employed or between 15 and 45 hours if considered "highly skilled"
Comment from : @fresno402


@martinbetzner1720
 If I sell a car for $10,000 is that counted in the earnings limit?
Comment from : @martinbetzner1720


@wayne8939
 What if you only went over by 1 or 2 thousand and you were only working 5 months how does this work
Comment from : @wayne8939


@mattlane2010
 Fantastic, Ted! Thanks!
Comment from : @mattlane2010


@rossneidish9520
 Can some one help me on this please brMy FRA would be this year( 2023) in JULY but I will begin receiving my SS in March of this year (four months early of FRA) I also want to continue working until Sept of this year By the end of Sept I will have made 50,000 Will I have to pay any penalties?
Comment from : @rossneidish9520


@kikilynn1167
 Excellent video! Thank you for providing this information
Comment from : @kikilynn1167


@whereisjohnnow
 i understood the earnings limit/test and the penalty if over threshold what I couldn't find is how long the withholding will last until i watched this and finally answered my question thank you
Comment from : @whereisjohnnow


@synthgroovesongs
 What about income from selling on ebay? I get a 1099 in my state from paypal for income from ebay Is this income counted towards the earnings limit? Can you PLEASE answer this?
Comment from : @synthgroovesongs


@michaelhoapili2559
 Finally this was complete and 100 accurate And simple to understand
Comment from : @michaelhoapili2559

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