Devin I am getting a widow getting a caregiver allowance . I lose the caregiver allowance June of 2023 when youngest kid is 16. Do I have an earning limit for 2023.? What is it ?
I have a question about the video, my social security was cut in half because I'm getting a pension from my former job, but you say in the video that social security won't cut your payouts because of a pension!?, how do I get them to restore my full social security? Thanks 😊
@@b.powell3480 That was likely due to the Windfall Elimination Provision (WEP). See my video on that topic here ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-D8jrvAA31u4.html
No, why should we be limited in how much we make after we retire? SS is not an entitlement program, this is money we put into the system while working. Why are we penalized for continuing to be productive? Why are we forced to wait for years sometimes if we are able to retire before 65 and then lose some of the money we've had taken out of our pay for decades?
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Actually, I'm not sure if I'm allowed to mention this, but I'd recommend looking up Vivian Carol Gioia because she was a big deal in 2020. She manages my portfolio and serves as both my coach and my manager.
Actually, I'm not sure if I'm allowed to mention this, but I'd recommend looking up Vivian Carol Gioia because she was a big deal in 2020. She manages my portfolio and serves as both my coach and my manager.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
I totally agree, I'm 60 and newly retired with about 1.2 million outside retirement funds, no debt, and very small dollars in retirement funds compared to my portfolio balance over the past 3 years till date. tbh, the role of the invt-advisor can only be overlooked, not denied. just have to do your research in finding a reputable one.
My Financial adviser is ‘’JULIE ANNE HOOVER’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Am 58 retiring next year but the thought of retirement gives me nightmares. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
@@hunter-bourke21 I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
@@rebecca_burns14 Julia Ann Finnicum, is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@hunter-bourke21 Thanks for the info. I did my own research, and your advisor looks advanced and experienced. I emailed her and scheduled a phone call. She is experience can't wait to have a chat.
EXACTLY!!! I just got a letter from SS saying we owe them 3,800.00 and to pay it back in 30 days or they will hold back my husband next 2 SS checks. He made over the limit ! We owed irs 1,500 this year. Now what? Paid taxes on that $ SS says we owe them back!! BS
Regarding this I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@Clara Lynn From my judgement she really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest so I went on and booked down an appointment
What are you stressed out about? I think most of you (I am over 62) think you need too much money. Rent a 1 br apartment in a cheap location in USA for $800 a month, sell everything, and relax.
After the 2008 crash, it took 8 years, the entire Obummer term for it to move north again. Now with this [Democratic administration] drop, mine about 30% down, I will have been retired for 2 years at 67. I am actually below my investment level.
Never going to retire, going to collect at 62 this year and plan to continue working temp jobs while on ACA which has been working out GREAT for me. I can earn up to 19k when I work while collecting. When I hit 65, I will reevaluate my life situation again and go on Medicare. My home is paid off and I don't have any family, I never married and don't plan to, and I was a foster and never adopted. These are my life plans.
I’ve revisited this video since last year with more knowledge. I like your idea with Obamacare to Medicare. Working PT only after 42 FT years is the plan. All the best
I kicked off SS 2 months after I turned 62 and stopped trucking that year due to a workplace injury. I got a year vacation with workman's comp and SS, once I was medically cleared, I moved to the Philippines. I wouldn't have had much of a retirement in the US, but over here, I'm living great.
Would love to see a vid on ssdi rules and #s for 23'. Honestly they need to allow working disabled to earn, save, and own more than they do without worry of losing disability or health coverage...
I filed for my SSB at age of 62. This is how I beat the system. I started my benefits in the middle of the year and continued working thru the first 6 months of the following year. After 90 days I filed for unemployment and after 6 months of unemployment, I repeated the cycle. I was earning 20/hr, so I didn't have any SSB income limit issues. Plus I always got the Max unemployment benefits. The government screws us so we have to learn how to screw the government. In 2024 I will reach my full retirement age.
I have met so many retired folks that are considering going back into the workforce because of increases in utilities and cost of food. The American Dream has turned into a nasty nightmare.
I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
The wisest decision I have ever made in my life is to invest in the stock market before my retirement and now I am making a good profit from it and all thanks to MARTHA ALONSO HARA who made this possible for me to achieve my financial freedom.
Just filed at age 62 and my approval letter reflects everything you are covering here so this information is so helpful. I estimated my income from my job but need to update to cover my shift differential so again this information you are giving me is invaluable for when I contact my local Social Security Office to update my information. You are providing all of us with valuable information on this otherwise complicated subject. Thank You.
The earnings limit and taxes on benefits ARE NOT the same thing. To understand taxes on social security benefits, see this video ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-juj4YsXOdkc.html
I got this from a article I read awhile back that could be helpful What Is Considered Income for social security purposes? There is one final way you can still “work” and collect all of your Social Security at the time you expect it, rather than as deferred payments. Essentially, if all of your income is passive, you can earn as much as you’d like and it won’t have any ramifications on your Social Security earnings. Specifically, the SSA counts only wages or salary from a job, or the net profit from self-employment, as earnings. Investment income, pensions, veterans benefits, annuities, interest and government or military benefits are not counted.
I started investing 35-40 years ago. I never thought I could retire comfortably. At 66, I retired started SSI and retired with a very comfortable portfolio. Lately with the inflation rate, it even stresses me also.
Awesome explanation! You nailed it; this is so applicable and timely for my planning, as I hit FRA next December and had been considering claiming in January while continuing to work (My primary motivation to do so is that I believe that SS retirement benefits are going to get wacked in the near future and it will likely be helpful to be grandfathered in).
I read through the material from the SSA a couple of times. It is hard to comprehend. Devin's explanation is so clear that I now feel confident that I can speak intelligently with the SSA about the special monthly rule.
I filed for my SSB at age of 62. This is how I beat the system. I started my benefits in the middle of the year and continued working thru the first 6 months of the following year. After 90 days I filed for unemployment and after 6 months of unemployment, I repeated the cycle. I was earning 20/hr, so I didn't have any SSB income limit issues. Plus I always got the Max unemployment benefits. The government screws us so we have to learn how to screw the government. In 2024 I will reach my full retirement age.
The interesting thing about SSDI is that many states allow you to do a work trial for 9 months, (within a 60 month rolling time period) with an income "trigger" of $970, (soon to be $1050) and no income ceiling without losing benefits. But, some states, like mine, allow you to do a work trial for 9 months every two years.
Hey there Devin, this is Larry your technician a few yrs back. Just wanted to tell you thanks for the help. Its still kind of hard to survive as medicines can add up as everything but its not to bad. All is so expensive but we make it work, some times very tire but its ok. Again thanks for your help and God Blass you, I do miss our conversations.
There are the greatest financial people on RU-vid- Lane Martinsen, Josh Scandlin and of course, Devin Carroll :) People who are entertaining and enjoyable to watch while learning these topics. Thank you dear sir for your expertise, you;re the greatest Devin !!
I had always planned to take social security at full retirement or later. Life happens and I am sitting here recovering from a broken arm and shoulder surgery. I have been considering taking social security now at 62 years and 5 months, then when I am able to go back to work. It’s my understanding that the income I receive after starting social security will increase my monthly benefits (as long as I make more money than a previous year used to calculate my benefit). The problem is I don’t know how to figure out how much difference I could make by doing this.
Keep in mind that if you retire mid year you will switch from an annual earned income limit to a monthly earned income limit of 1/12th of the annual limit.With no limits to what you earn the months prior to you starting your social security benefit.
@@lindapalmer1798 do you think that you could spend all but $2000- in the first 30 days after you get it? That's the limit that those on SSDI/SSI have to deal with, anyways.
I filed for my SSB at age of 62. This is how I beat the system. I started my benefits in the middle of the year and continued working thru the first 6 months of the following year. After 90 days I filed for unemployment and after 6 months of unemployment, I repeated the cycle. I was earning 20/hr, so I didn't have any SSB income limit issues. Plus I always got the Max unemployment benefits. The government screws us so we have to learn how to screw the government. In 2024 I will reach my full retirement age.
Thank you for the information. It's a relief to know that pension income or income distributed from profit sharing will not count against your social security.
I never understood why u get penalized for going over limit with S.S. - I'm forced to wait for max 66 and 8 months so I can make as much as I want if I'm still healthy enough to keep working
My husband was working full time when he became eligible for SS. He filed, received partial SS amount and kept his full time job with full time pay. Also, they continue to take SS from his paycheck. When he finally retired, he started receiving his full SS payments.
If a good logical reason could be given on the earnings limit, then, maybe yes. But, in it current form, with capital gains not counted, etc, it basically keeps anyone who isn't well off in a category of pretty much scraping by, or not really being able to enjoy "retirement."
Good, I retired the other month at 70, still working full time and collecting full SS. So this won't hurt me any. Still working with Health benifits from work.
After 6 years after retiring/SS started a 20 hour work and have been paying in more each year. So I cut hours to 12 a week. So if you live in Minnesota they will find ways to tax you but only if you are alive. State had 3.7 billion surplus and they loved it!
Can you do this for disabled people who are on SSI-SSDI. Who are working & who wants to work as well. As a Disabled person who works what's the income limits, can social security take away Ur Disability benefits If Ur working. How much can U work and still keep Ur benefits: hours and income- pay wages. How can U work for company that only pays Sub min wage, but be able to get above sub min wage for the work U do as a Disabled person
I wish that they would leave all of us older people alone we don't make enough on social security as it is I am 61 years old and still have to work just to have any money I have worked all my hard all my life I think we deserve to be treated better thank you from Yakima WA. 10:16
There is seems to be so much confusion about this. I was at full retirement age last Dec. I am now considering filing for SS at the end of the year. My husband is not at retirement age for a couple years. He still works. I work in his business part time. I've held off filing because I did not want my SS benefits effected. What I now understand from your video here is that my concerns are not valid. Because I'm at FRA my earnings will not be taxed. Thank you Devon!
If you want to collect based on your work history, you should be fine. If you want collect spousal benefits, you can't collect spousal benefits until your spouse files for their benefits.
I filed for my SSB at age of 62. This is how I beat the system. I started my benefits in the middle of the year and continued working thru the first 6 months of the following year. After 90 days I filed for unemployment and after 6 months of unemployment, I repeated the cycle. I was earning 20/hr, so I didn't have any SSB income limit issues. Plus I always got the Max unemployment benefits. The government screws us so we have to learn how to screw the government. In 2024 I will reach my full retirement age.
I Would love to know more about pausing your social security retirement benefits if you decide to go back to work until say 70? Especially on how it works if you have to pay it back?
@@tracy6947 12 months I believe. And can only pause it once. But do u have to pay it back and how if you already were at full retirement age when u first applied?
I have tried to do that. Two times I’ve been there then get a letter stating I will get my September check in October 🤨🤨🤨I asked to suspend it ….my daughter broke her ankle and I have to help pay her bills…….I get spousal benefits and I am before full retirement
@@debbiblakeslee2373 I don't believe you can suspend before FRA. If you want to stop your SS you'd have to do so within one yr. of having started them & pay back everything you've received so far.
If you have a finance advisor they can run the "what if" plots. Mine revealed I will make money by taking social security (get my money back) at earliest. Assumed for me it will allow me to leave investments as is. Or I can start gifting into estates earlier to help them with estate taxes.
In today's economy and the fact that ss is so far behind cola, recipients should be allowed to work without a cap. For one thing those recipients would still be paying into the system as well as taxes.
Does my yearly limit go up from 19560 in 2022 to the new limit for 2023 or do I stay at 19560? I've not reached full retirement age in 2023. Thanks so much for your videos, so helpful.
If a person is self employed and use their personal vehicle for the work they perform, the gross income becomes much lower according to standard milage deduction but SSA doesn't go by net income ..I want to know why...
My grandpa retired at 62 and is about to start Medicare next year and he's going to be transitioning from the ACA to Medicare and he wants me to help him navigate the process but honestly it seems daunting. Could you make a video on that?
@Christine LaBeach, if you go to ssa.gov and open an account for him ,as you scroll down , there’s a number for the medicare hotline. They may direct you to an advocate. It’s a good place to start. I’m transitioning from Medicare to Medicare advantage plan thru a local hospital system in my area. Request a copy of the 2023 Medicare changes. It’s a little thick with information but it’s good to have it in hand when you talk to someone that’s trying to sell you something. Hope that helps, I’m going through the same process
Concerning the limit you can earn from working while receiving benefits, I asked at the ssa office a month ago about this and I was told it was when I reach the one year mark from FRA or 65 1/2 (June 2023) that I can earn up to $56 K without penalty. You mention it was in the same calendar year, that sounds like a person would not be eligible to earn the higher amount until Jan 2024, even though that's only six months away from FRA instead of one year. Please clarify and thanks for the info.
I'm in a similar situation. I will reach my FRA, 66½, in February 2024. So, seems that calendar year threshold limit of $56k isn't available for me until January 2024. And, the monthly comparison would do little for me. So, the exercise of starting early wouldn't be worth the confusion. I do seem to recall there's a workaround if your FRA is in January, but that just adds insult to injury in my situation. I hope and plan to work until 2026. But I do need some extra cash now and don't want to make a 401k withdrawal. So, I'm disappointed about all this. To get off the subject a little and for a bit of levity, a lot of us peak (1957) boomers were born in late August or early September... since Christmas holidays + 9 months = lots of birthdays. I can't help but wonder if the February date for a large portion of applicants in a high birth rate year wasn't intentional on the part of those sly IRS actuaries. 😊 I really enjoyed this video and found it informative and easy to understand. Thank you Mr. Carroll.
It's a very, very, very complicated system specially for our Seniors that do not need all these "rules" that complicate it all. For example: retirement age for many, they have to wait 2 years to retire at full retirement age, why? just because they decided? Who decided on this, "regulators", the IRS or our elected politicians? If one person was able to retire at 65, then ALL should be able to retire at 65, it's highly illegal in our system of laws, some rules are for some and other rules for others? This is age discrimination to say the least. The other example is "Income Limits" what the heck is this? An old guy retires and cannot make as much money as he wants? this is evil to say the least, taking a percentage (any percentage) of money rightfully earned (or better yet, saved) from and old guy? Are we in Russia, Cuba or Venezuela? Leave the old guys alone!!! Another one: How is it possible that a person that have paid taxes for 30, 40, 50 years and accumulated a retirement amount, have to pay taxes AGAIN? Seniors should NOT pay any income taxes at least on the Social Security pension, the taxes were already paid, this is money available AFTER the taxes have been paid, it's exactly like a Roth IRA, seniors should NOT pay any taxes on Social Security pension at all, why some people that have money in Roth IRA's don't pay taxes when they retire and Seniors have to pay taxes if is exactly the same principle? By the way, Joe Biden, yes the current president of the United States, was the one who introduced the bill to tax Seniors on their Social Security, I wonder how many democrats and how many republicans voted for this aberration, so we can vote them out… of course they live on millions a year, what do they know on living on $20 or $30,000 a year? We should have not elected Joe Biden only for this alone! One last one: The man dies, both were retired, it IS immediate poverty for the survival spose, I have seen it many times when I was an insurance agent and with close relatives, having to apply for Food Stamps, private organizations that deliver hot food for poor people, and having to move to a cheaper house or apartment or even out of the city they love...again, I have seen it with my own eyes. I visited a third world country where if the spouse die, they continue paying the pension to the survival spouse, A THIRD WORLD COUNTRY can do it and we can't? Perhaps instead of spending so much money in other countries, we should take care of our old people the best first... we are gonna be judge for this, you don't honor your old people, our society won't make it, I think this is one of the main causes why we see what is happening.
I think I'll file to collect at 67 and still work full time while throwing the SS into the bank for later years; I'd like to work till 70. I'll have to see how the economy is doing.
@@jeremyjeremy5400 Thanks for sharing my friend!! I just turned 60 and figured I had better get ahead of the game a little. Having a % total body injury but still able to work in a diminished capacity but in today's climate can work around the youngsters. I have learned to work smarter and use everything at my disposal to make my work easier and more productive. Again my friend, thanks for your imput! Your always welcome at my campfire anytime!!! Montana Rick
@@jeremyjeremy5400: Ticket to work called me up, there’s a cap on how much you make, $1350 is your limit, until next year they add $20 more on earnings
I am somewhat confused about a couple of things, mostly pertaining to information on the SSA website. I have been monitoring the graphs under the My Social Security window on the website for months. It shows that if I start early payments at age 64, 2 months (which I will be in January), my monthly benefit will be 1,680 (about 200 or so less than if I wait until FRA). My understanding was that if I collect early, that would be my payment as long as I stayed under the annual earnings limit. Is this correct? Because there was also a section on the SSA site that said if you still work and draw your benefits before FRA you only receive 800 per month.
Hey Mr Devin, How can you fight an overpayment? Is there a lawyer somewhere that will take the case for you? Ss is saying that I owe a overpayment for widows benefits from 1914 to 2022.
Wow, long road to go here. Both of us are turning or have turned 62 this year & have good paying jobs from May to October as we are full-time RVers. We are facing winter unemployment benefits that won't pay our bills & declining health by one of us that will eventually lead to total disability. The hard part is in determining our 8ndibifual situation, no grandkids to support at least, lol.
If you start your benefit mid year you will switch to a monthly earned income limit once you start collecting social security ,with no limit to what you earned the months prior to you starting your benefit .The monthly earnings limit is 1/12th of the annual earnings limit. Example You are 62 and from January to October you have earned 100k and you retire in November and start collecting social security you will then switch to a monthly earning limit of $1630 a month (1/12th of$19560)
@@sergiosantana4658 So if you’re SS check is 1,700 and you earn $3,400 that last month in your example…You collect nothing? Might as well start in January and go for the yearly amount and stop working at 5 months. Unless you need to retire previously so you can earn annually the following year. I think 🤔
@@dennistyler9852 In my example the last month of W2 earnings was October with Social Security benefits starting in November. All income was earned before starting the social security benefit . . hence no penalty . 0
When I worked for the PA SSAN office in Harrisiburg PA I learned what was wrong with the SS system. First, even though they were not supposed to, Congress went in and used the money for other projects and never returned it. Also, more people get some kind of SS that had never contributed to the fund. What really got me, you can get SS for the stupidest things. Remember when Homer Simpson gained a ton of weight so he could get SS? Right on. Weigh too much, get money. You're an alcoholic? No problem, SS $$$. The fund was set up for working.....WORKING.....people and they were FORCED to contribute for their future security. No option. Automatically taken out. I always find it interesting we can find Welfare money, money to give to other nations that HATE us and many other things, but we....so says Congress....are running out of money in the SS fund. That is too easy to fix.
Your benefits are only recalculated at FRA if you had them witheld by letting social security know you will go over the earnings limit in the future and they withold it, then give it back at FRA. If you go over the earnings limit...you pay that whole amount back and it is NOT recalculated at FRA Very important distinction. That is what social security office told me today. You don't get that money back at FRA Unless they didnt give it to you because you told them to withold it otherwise you have to pay it back and there is no adjustment at FRA, and you never see that money agagain. It is a debt you owe them.
Question: I plan to start SS in July of next year, one year early from my FRA in June 2024. My full-time earnings prior to my June retirement will be substantial. Do those earnings count against any earnings limit? I plan to continue to work part-time after I retire and don't want them to take back any of my SS benefits. Thanks.
I don't think so because you earned that before getting Social Security. The earnings limit only applies while getting Social Security and you where also paying SS taxes while working.
@@lorraineg7223 I found out that for the months remaining in the year you retire early , they will go by the (2023) yearly limit $21,240 divided by 12 = a $1,770 monthly limit. If you don't exceed the monthly amount, they don't take back any benefits.
Hi Devin. I turn 62 in march and will start getting ss benefits in April, I have a part-time job driving a school bus so some months I make 2000-2500 and some months like the summer months I do not make anything. I will not be going over the annual amount but will I be held to a monthly amount?
People like my own parent who worked since age 15 and paid into SS only to die at 58 from cancer who never got to enjoy retirement. Sad that happened. I plan on retirering at 62 and think it's ridiculous I have a 'cut off' of employment income.
This is why covid was created in the first place, to cut off people before paying them all kinds of retirement earnings. Otherwise no money to support wars around the world.
I can’t retire until October and I don’t want to go over the monthly limit the first year but I’m willing to for one month. I’ll pay the difference the one month but will “double dip” five or 6 months the following year. Social Security and my regular income. Best wishes
If you aren't working but collecting your benefits plus a portion of deceased spouse. If it combined is 24000 but you do not work is there an income limit???
I know so many single people who started collecting their SS at 70 but continue to work "full-time" past age 70. I guess a lot of their SS and/or their paycheck will go to IRS, right? How much SS will they lose? How much of their paycheck will they lose?
I'm 60 and I work self-employed part-time. Fixing, buying, and selling electronics is a hobby and I make money doing that but I have smoldering myeloma, and the chemo drugs I take have side effects that keep me working from working full-time for someone else. The chemo drugs are working and the average time for someone that's at my stage before it turns into full-blown cancer is 8 years, I'll be 67 but I might not live that long. I figured out that I will get more if I start SS at 62 because I might be gone before or at 67. There aren't any side effects from cancer until you're about to go so I really don't qualify for disability now and I probably can work part-time for about 5 or 6 years. I'm withdrawing from a 401K now but I don't have much in it just enough to withdraw $500 per month for 8 years I set it up to manually withdraw any amount from the 401K so I can adjust the amount.
I think that I should go to the SS office and find out how much I will get when I turn 62, I recall it's about 860 per month because the penalty is high. I can't go over 1600 per month or I lose Medicaid so I might have to reduce my 401K amount and work less until I can't work anymore. I would rather keep working because it's my hobby. The chemo drugs are more expensive than I can make even the generic without working full time but I can't work full time, and I wouldn't be able to hold a job on these chemo drugs. The drug I'm taking won't work forever then the doctor starts me on another chemo drug that is injected by that time I might be considered disabled and probably the rules for me might change.
In a couple of years, the state might approve modified T-cells. I probably will live that long. The modified T-cells keep working for years, they even think decades after a single injection. The modified T-cells keep reproducing themselves. It's not a cure but they think it might make me live for 20 years then I'll be 80, but the state might not ever approve it, it's something new and still experimental. If I get the modified T-cells I won't be dependent on Medicaid and social programs so much. That kind of sucks on the SS choice I make because I probably will be stuck at the minimum age 62 SS $860 amount but I planning on being gone at 67.
Thanks Devin. Suggestion, some items need written examples. Words are good but I need to see the math. Some of your other videos have examples and they are very helpful.
These earnings limitations before you get to full retirement age is one of the stupidest matrixes ever dreamed up! If a productive person is working to his max potential, the Social Security system is benefiting from the productive workers SS taxes.
Because of COVD I was forced to Close my business had to retire Early Not My Fault now my wife had to collect Social Security Early for us to survive something Is wrong with this should be compensation
The question no one asks.... What is social security fascination with keeping you poor? Why limit income when social security isn't welfare it's an earned retirement program?
I believe they keep pushing fra up and up.... hoping or knowing many won't be around. Also, if you have no savings, you have to work. With inflation, 2k on up rents, ss doesn't pay bills needed, at all Shame on them to limit income
I'm 52 now so this will change by the time I get there. If I even have anything by then is the big question. I feel like I'm paying into something that I will never get back. I should just burn the money.
Net earnings being self employed, does that mean after deductions and write offs (AGI)?for example I’m a 1099 delivery contractor and I gross 31k a year but after deducting mileage I only pay taxes on 11 to 15 thousand….. please chime in anyone! 😀
