?? Work at Pickup Points � Flexible schedule

What Income Counts Towards Social Security Earnings Limit?

Devin Carroll, CFP® 86 views

Download Video

Comments

Get the Retirement Planning Cheat Sheet at wwwdevincarrollcom/pl/2147495021
Comment from : @DevinCarroll

The Government obviously doesn’t want most people to retire early, that’s why the earnings limit is so low…
Comment from : @dennistyler9852

Looks like the 1st partial year retired, it’s a monthly earnings limit I think the 1st full year, it’s $22,000 based on 2024
Comment from : @dennistyler9852

What if you receive a cash gift or inheritance
Comment from : @lancep4164

Is benefits included on SsA retirement cap??
Comment from : @davidshields5423

What about schedule C income (rental property) - is that counted as income?
Comment from : @rbehlen7733

Does VA disability compensation count against Social Security retirement pay
Comment from : @josephputnam7586

Does IHSS income count If you are taking care of a disabled grandchild that lives with you ?
Comment from : @vicgalindo1

I retired 7 years ago at age 62 and began taking back my Social Security at that time So far my total income, not including SS, has been zero dollars I took the definition of "retired" serious The first definition for "retired" is no longer working 😁
Comment from : @bernie9728

Wages earned - does pre tax deduction / contribution to 401k count as earnings for the limit? 3:07
Comment from : @cathygibson6815

I watched this video with great interest as I received unused vacation pay and a prior year’s bonus in the year I started social security, which was also the year I reached my FRA I read the SSA publication you referenced Per that publication, I contacted the SSA They informed me that I needed to have my company’s HR department fill out Form SSA-131 (Employer Report of Special Wage Payments) They use this as proof that your income for that year is not to be counted against the income limits Thanks for all your excellent information You have made dealing with retirement much easier for me You have one of the best channels in this area on YouTube Also thank you for restarting your podcast That is also excellent
Comment from : @scottthomas1894

Question, if I retire at 625 can I stop work in the same month that my SS begins ie I stop work on June 15,2024 and my first SS check comes at the end of June 2024, but my paycheck for that work is actually received in July does that count as special pay? ( I cannot exist for an entire month without pay so am trying to time my exit from work with the month I will receive my first check
Comment from : @colleenjimboy5525

Does income from a rental property count as social security income limits
Comment from : @steverunswithscissors

I like MLPs and other Return Of Capital investments They slip by You can make about 30k and still pay no income tax due to the exemption and carry over stock loses
Comment from : @gg80108

Questionmy ex wife of 13yrs passed awaya few yrs ago and never remarrieddo I have any rights to her Socail Security??
Comment from : @lmullins1851

Devin, How much needs to be earned per year in order to accumulate the 4 points needed for that year Thank You
Comment from : @araceliadams34

Do you have any information on earnings limits and the rules for SS disability benefits? I am 100 disabled veteran with SSD I have been thinking long and hard about getting at least a part time job or maybe starting my own business
Comment from : @brandonculver2403

Can I defer all earned income to 401k to avoid income cap penalty on SSI- I am on widows benefits
Comment from : @gmharris2010

What about 1099C cancelation of debt
Comment from : @danielclayton7524

What about income from youtube videos?
Comment from : @ralphparker

My younger spouse receive Social Security income for taking care of our adult disabled She will start receiving a waiver income under rule 20 14–7 will this reduce her Social Security that she receives now
Comment from : @thomassmith7491

What about gambling winnings?
Comment from : @pattidoucette577

Do widows have to count dic as income?
Comment from : @sandraschniederjan54

What about unemployment income ?
Comment from : @busdriver794

What about income from rental property?
Comment from : @dennyfusaro1752

Is there an income limit for a younger spouse caring for a minor child under 16?
Comment from : @darrellmirro7732

To many rabbit holes
Comment from : @Jerry-lr9yb

Thanks for the quick review, Devin
Comment from : @prairiemark4084

So they figured out how to take more money from me, even when I'm still working and paying ss every week, one dollar for every two I make , that's not fair, I could just be a bum, and make it Work all my life , and now can't retire And it costs me It just ain't right brIt's my money, I paid it in, they should've made money with my money, I'm about to go off grid Work for cash
Comment from : @flierbill

So it is pre-tax earning (income) when they give you the numbers of max allowed to work before losing SS benefits
Comment from : @dipaknadkarni62

You should do the same for Medicare payments What puts you in a higher bracket… example… you sell your home after retiring to down size
Comment from : @JosephDetrick

What about unemployment benefits?
Comment from : @paulitasantamand5765

David does an S corporation earnings count towards Social Security income I would like to retire at 62 but I’m afraid my S corporation earnings will roll into my Social Security earnings Is this true or false? Please let me know
Comment from : @mikematthews6561

This video gives me a cold sore
Comment from : @anomaly2990

What if your spouse works full time, you (collecting ss) don’t and you file jointly Is the ss taxed because if the spouses income putting you total over the threshold?
Comment from : @christinedailey9254

What about a personal loan? Is this income?
Comment from : @wandagreer9144

Got it thanks
Comment from : @martinfromseacity2010

What if you hit the lottery does it count as income
Comment from : @terrydaniels538

As soon as you retire or get hurt on the job you'll figure out that your life is over Because you have little to no money to live and if you make enough extra money to live because you were forced to go back to work Social Security wants your money back 🤯
Comment from : @patrickweigand3419

I'd like to know if the federal government is going to default and stop paying social security 🤔 Too much negative information about that particular situation only you can bring light to!! TY 😀
Comment from : @littleweasel1957ify