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Social Security Earnings Limit Payback If I Make Too Much Money

Wisdom Investor 4 views

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Thanks!! This is by far the best video I have seen on this subject!!
Comment from : @jeffreyohler5677

What if while taking early retirement, I have an opportunity to earn a one time contract for 150,000? would i just receive $0 in benefits in 2024, or would there be an additional penalty?
Comment from : @joshjenkins9823

Hello, What if I made $50000 over the earnings limit, and I owe them $25000 will they take my whole check of $ 154300 for the first of january?? or can I pay them the $25000 back as an overpayment??
Comment from : @jamesteel4819

I am going through that right now I retired at 62 My full retirement is 67 I went over my earnings limit by $8,000 in 2018 I started a repayment plan 2 years ago and SS is still taking payments out of my check each month Will this continue? I have my overpayment from working paid down to about $2900 Also, will SS require the whole over the limit paid back before receiving money back? Thanks, Ken S
Comment from : @kenpsteele

Excellent video Thank you, thank you 💜
Comment from : @uoflann4416

Sadly, if I retire at 62, and work part time, the amount allowed, I'll actually be making MORE money than I currently am, working full time 😐😕
Comment from : @Pahoe77

You referred me here because of a question I had I think you didn't understand the question I'll try again If you collect at 62, and you work, but you keep your working amount under the limit, when would you get the 124 taken out of each check that your getting while working Is is added at FRA?
Comment from : @Pahoe77

Very informative videos! I’ve been watching quite a few of them I turn 62 on March 1 and now have a part time job I am still trying to figure out if I should start at 62 or wait until 63 The part time job will definitely take me over the $18960, so I am leaning to wait until age 63 unless I loose this job before I reach the $18960! You never know what may happen At the moment I still enjoy working! I like keeping the mind busy Just out of curiosity how many people elect to receive SS at 62 and continue to work?
Comment from : @Janscreatons

Hi Mr wisdom this past December (2020) I applied for my SS on the SS web site I put down February(2021) as to when I want to start receiving SS I turned 64 on January 25th Will the money I make in the months prior to collecting SS affect my SS payment? Thank you in advance for your help
Comment from : @italianballbreaker

Hi i am learning so much by watching your video, keep making great videos I do have some questions
Comment from : @leonwilliams3398

The video was very informative and helpful but I found the math hard to follow with the music in the background Still a 👍 Thanks
Comment from : @artie9403

That’s Money People Work For - That’s Disgraceful
Comment from : @2300missy

Good explanation of a complicated system Makes me glad I've been able to wait until nearly FRA I'm still working and reach FRA in August 2021 This means that since I won't earn $50,000 before August that if I start taking SS at the beginning of next year, I will never see an earning limits reduction Thanks
Comment from : @RealSlopeDude

Social Security is a rip-off brA person making too much money, but they take it and refuse you payment
Comment from : @jesscools4401

Very good explanation I never understood exactly Iow I got the withheld money credited back and I didn't know the earnings limit increased the year I reached full retirement age I'm hoping I don't need to work and if I do work its only because I want to Things can always change I plan and god laughs😀
Comment from : @StanHasselback