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Working While Receiving Social Security (The New 2024 Rules)

Devin Carroll, CFP® 596 views

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Does anyone know about mineral rights, gold that remain with the original property & original owners I'm the last remaining granddaughter of my fathers mother's family farm in PA the oil company wants to "drill baby drill"
Comment from : @MarianSnyder-t5v

One of my biggest regrets is not starting my investments sooner If I were to start investing in 2025, I’d be worried about missing out on some major growth opportunities
Comment from : @RobertDamanii

Shut up
Comment from : @ohtoah

I turned 68 and i will be getting my first social security check in 20 days and plan on investing a portion of it every month i do not have any debt i work one day a week and do not have any debt i work one day a week and do not want to withdraw any money from my 401k unless it is necessary i need some time to heal my mind and body, after putting in too many years at a physically demanding job
Comment from : @AdamGreene222

I started drawing social security at 62 I am now 65 and have decided to go back to work for another year or two My question is can I reduce my income down by maxing out a 401k so I do not not get hit as hard on the 1 dollar for every 2 made over the limit I will make 60,000 dollars which is well over the 23000 dollar limit I am able to sock away 24000 dollars plus in a 401k which I will do
Comment from : @DaveG-j2e

That was very helpful & easy to understand Thank you
Comment from : @bobsclassiccarsparts8772

Question: I am currently 62 years old I plan on taking my social security in July of 2025 when I turned 63 brbrI understand that while taking social security, you can only earn a little over $23,000, or you will be penalized and some of your social security payments withheldbrbrIf I continue to work as I'm receiving social security in July of 202t, and I have all of my paycheck put into my 403b retirement account, does that money count towards my earned income?
Comment from : @forestalbertsonjr8910

Fire half the office and they might get claims handled instead taking advantage of the system , working from home is a joke
Comment from : @AndrewCrumbaugh

I have a Question About Social Security that I have not seen yet I’m 65 I was born in 1959 So I know my full retirement age is 66years and 10 months The Social Security I make now is not enough to pay my bills I’m still able to work If I go back to work and I know I will exceed the allotted amount… Can I file something with the Social Security Administration and have them put my Social Security on Hold until I reach full retirement age?? Thus Avoiding the Penalties I would incur for trying to be a Productive Citizen of the United States of America ??
Comment from : @DeweyBrown-ix6dr

Collect SS and move to another country to be able to survive 🤷
Comment from : @williampermenter9413

Hello Mr Carroll, would money earned through a W9 corporation count as earned income in the eyes of the SSA?
Comment from : @keithcoppedge4441

If I'm collecting SS , will i get an increase in my payments if i work and pay into SS ?
Comment from : @moelarrycurly708

I'm drawing survivors benefits since 2021 I've been working, staying within the yearly amount I can make I turned 66 in October 2024, do I need to watch what I make through June 2025? (Full retirement)
Comment from : @janetschroeder3927

Why is it that many still think it's a bad idea to exceed income limits after claiming social security prior to full retirement age? These people know they'll be getting this money back at FRA What am I missing?
Comment from : @MC-gj8fg

I know the earnings limit 24,400 for 2025 Is is based on your adjusted gross income? Say if I made 30,000 instead of $24400 Does contributing to an employer 403B or an HSA account offset this?
Comment from : @marys7744

I learned nothing from this
Comment from : @yelwing

Are Americans only getting 3 increase come Jan 2025peanuts thanks Awful Biden/Kamala👿
Comment from : @trevorcremer

It could be better if the government would tax people up to one millions, this would make social security sovereign for years Unfortunately rich people don’t want to pay their proper share of tax es
Comment from : @LanierPalmer-v2l

While you working and collecting SS Your wages are still taxed for SS how does this affect your Benefits since you are adding more quarters?
Comment from : @TheJHMAN1

Why does every you tuber asks you to subscribe and like?
Comment from : @jim-f4n

the problem is our government is punishing old people for reaching for retirement and got too much energy left to still work they dont want you rich, they want you poor
Comment from : @johnnywilliams1410

If I wait until 625 to file will my income be counted for the full year or only the earnings after I file
Comment from : @leojuarez4690

Heard that SS payments could increase when you work and pay more into your SS fund They would re calc your benefits
Comment from : @SSpees

Why is my money being with held if I go over Isn’t that stealing? I earned ever penny of it
Comment from : @norvin3186

This is my fifth year after retirement I’ve been following the 4 rule thing I saw on a YouTube channel, but this isn’t really how hard I expected things to be After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get worried
Comment from : @LucaMurgia-j7b

Devin , please post your email address I am a new subscriber today Thanks
Comment from : @marlenemclemore3574

Over Taxation!!
Comment from : @stevecorey5035

Thanks!
Comment from : @thomascrane2109

Thank you for the info!!
Comment from : @Peace-nm6bx

Retired early here; Been trying to find a part time job since the retirement check is so small Part time jobs are low paid:( I guess, I will have to go back and work full time It is a mess since now the government will hold my retirement check and withhold $1 from every $2 that I make over $22K!!! It is horrible the way we are controlled by government Incredible in the USA! :( I feel like the gov is pulling us down so that we can never advance in life:(
Comment from : @Peace-nm6bx

"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments"
Comment from : @JosephGodwill9h

That's so backwards As you get older you can work more Just like winning disability and being forced to take medicare when you have been on medicaid Medicare costs almost 200 a month and it doesn't cover everything Weeding though the hmos and ppos and advantage plans is time consuming and confusing Now I'm worried every day that I made the wrong choice
Comment from : @CanYouHearMeNow929

The social security system is paying out more than it collects It wasn’t built for today’s life expectancy The left will blame it on the wealthy which is a cop out
Comment from : @skipmatsey8352

You talk to much and dont get to the point
Comment from : @Anthony-o6t1f

how much can you make without them dropping you i am going for my cdl and am planning to make over 55000 a year how much will they take and will they drop me
Comment from : @michaelchesnut8701

ENGLISH PLEASE
Comment from : @djjammindave

From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term It's not about guessing the market's next move it's about playing it smart and steadymanaged to grow a nest egg of around 180k to a decent 832k in the space of a few months
Comment from : @mthreezo

Hello Please send link for the cheat sheet
Comment from : @marioedwin311

So i am a dual US Canadian citizen I have applied for US DISABILITY due to a number of health issues I have also requested my Canadian old age security benefit will that affect my US earnings limit I am guessing should be like pension
Comment from : @robwarden3418

Thank you for the information When applying for SS, what year is used to see if my self employment income is over the earnings limit? Is it the actual from the previous year or is it an estimate for the current year?
Comment from : @samaracr

I am 63, Social Security is holding 8 months of my SS because of an overpayment It is awful!! Due to this economy I had to work and it barely seemed enoughplus to cover insurance Now I need to work more to cover the loss Horrible!
Comment from : @marywillis7859

It is all a ponzi scheme Even if you wait until your full retirement age if you keep working you can be taxed on up to 85 of your benefits It never ends until you die
Comment from : @lillievalentine8800

I was born in 1958 and I reach my FRA in February of 2025 I am still working If I start collecting my social security check in say March of 2025 and I keep working do I have to worry at all about Income Limits?
Comment from : @IFR_Challenges

Disabled Veteran on SSDI at 54 I have started 1099 driving 3 days a week Is my net after allowable deductions counted towards ssdi income limit? I'm understanding 1099 self employed has more wiggle room on income limits / hours etc Just been getting misconstrued answers
Comment from : @R0CK070

we can send billions overseas but wont or can't help our own people we're trying to buy friends or customers globally charity begins at home I guess there's no kickback for domestic aide
Comment from : @williampowell2722

Vote Trump ! He will remove SS tax!!! Vote RED!!
Comment from : @Hazy3

I had to pay back all SS because I went over the cap I should have only had to pay back anything received AFTER the limit was hit - NOT all of it
Comment from : @105tomo

That’s our money It’s not benefits It should be refund or re payment
Comment from : @gracely77

I'm not understanding if the social security income counts as part of the $22,500?
Comment from : @josephl5865

Our government is such a scam
Comment from : @Sctronic209

Can you stop your benefit temporarily, say if you knew your earnings would exceed the income limit? If so, do you recommend the stop or is it a bad idea?
Comment from : @nabwiref8440

Could someone please let me know if this limit is applied to gross or net income?
Comment from : @randallgregerson4761

So if I am making 80k at my job I can not apply for SS until I actually retire from my job?
Comment from : @rdking8001

Because they want to keep you working so you do not draw SS , that’s why earning limits would keep you poor and unsustainable
Comment from : @ageoff684

In other words,Trash like the Biden/Harris administration would rather have taxpayers pay for illegals and other countries while we suffer! Trump wants to end paying taxes on social security as it should be! We should never be penalized for our money that we earned!
Comment from : @hardlines4

Very helpful thanks
Comment from : @arthurjones9580

I plan to retire early starting December 2024 I will need to make some money to make it work Do you have a video on how to do retirement and self employed at same time? The rules? I am going to try to do online selling either as a crafter or reseller Please help with any info I have zero retirement funds
Comment from : @satrenagayle

Congress needs to pass a law to stop taxes on retirees
Comment from : @Jaye-ts3ko

I was born March 1958 (66), I’d like to go to back to work and hired to work September 25, 2024, will my SS be deducted?
Comment from : @avasquez3413

So is I retire at 63 and my retirement pay is 50k I will get my soc security check deducted ?
Comment from : @rdking8001

I own rental properties, does that count as income??
Comment from : @smitha775

If I am drawing interest on my IRÁ monthly is that considered income ? My guess would be yes
Comment from : @johnglenn1457

We were set up to fail We have been programmed to think they have our backs Let's vote for better politicians who won't touch our ss
Comment from : @marialugo3767

social security was formed back when the great depression happened most people had no savings hint soup lines, people jumping out of windows at losing everything!!!
Comment from : @indy18286

I thought you can make over 54,000 a year after you turn 63 and when you turn 67 you can make as much income as you with no penalty
Comment from : @jackiemcdaniel9592

IMO it’s difficult to set down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars
Comment from : @BenMaclung

How much money can i make if I am on SSDI?
Comment from : @robkamman4578

I thought there is a limit how much you can earn at FRA : $5652000
Comment from : @elmono3939

If l retire at 62 , how much can I make a month?
Comment from : @robseale6450

crickets chirrping😂
Comment from : @OkayKay777

I will be 65 in February 2025 I am a widow and I make 44K a year I want to keep working and collect next year
Comment from : @Amy4831

We need the money
Comment from : @dankeil4470

If they start giving illegal immigrants ss I'm going to lose it
Comment from : @claycollins8973

Excellent information
Comment from : @robertclarke7411

My xW is eligible for 1/2 my social security benefits at my full retirement age What happens to her benefit if I keep working after I reach full retirement age and receiving SS benefits?
Comment from : @matthewsmigielski7652

Vote Blue 💙
Comment from : @Bigtim2you

Is the amount you spoke of at the beginning,😢 for someone who is past retirement age, in ADDITION to your social security? Or does it include your social security income?
Comment from : @alilew9183

73 and still working part time but still got taxed on ss payment too Trump 2024
Comment from : @unclemikecruz

BS I made $21,110 and was taxed on it for 2023 No more going to Jackson Hewitt any more, government only got back $389 from state but paid that much to file Ripoff
Comment from : @unclemikecruz

To make a long story short, if you've been on "Disability" and you've rehabbed very hard to get better and you're thinking of going back to work, DON'T DO IT!!!!brI cannot stress this enoughbrThe rules are there to make you lose your benefits!!!brIf anyone has any questions, I'll go into it further
Comment from : @daviddurango9562

Very confusing After getting confused with your speedy statements you say that covers 2023 you advertise (the new 2024 rules) Maybe too much caffeine?
Comment from : @jonmiles8956

Hi love to receive a copy of the cheat sheet but see no link in information can you help
Comment from : @cindypierce4247

I am at full retirement and draw my sis but I also draw a check off the stock market as dividends so what I am hearing the dividends do not count as earned income can anyone tell me if this is true
Comment from : @HeatherMizzell

And Remember these are the current rules right nowrest assured the Government will modify the rules with the passing of yearsfortunately we now have a way of Defunding Government 😊
Comment from : @Shinehead3

Hi, my? is I am retired at age of 63 now and I would like to work as self-employed part time doing a side gigbr how does the earned income limit work in this situation And how many hours can I work and still be considered retired and would I file my taxes under my 1040 as individual or as self-employed
Comment from : @barbaragarrett6482

If the government had not used the money and invested each persons account like they were supposed to, you would be rich when you retire But they stoled our money like always
Comment from : @betterbutt

If you reached the threshold of $22,300 ,are you not still paying back into Social security,,does that have any factor??
Comment from : @danielbosch5512

I really appreciate Mr Carroll's candor and factual summaries of a complex topic brIf you want the complete straight facts about income tax on SS Old Age Benefits, here they are, straight from the horse's mouth:br wwwssagov/policy/docs/issuepapers/ip2015-02html
Comment from : @gordonglenn2089