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Social Security & Medicare

John1956PA

(3,598 posts)

14. Thank you for the links. If a recipient has not reached full retirement age, there is indeed a reduction.

Reply to Fiendish Thingy (Reply #12)

Wed May 15, 2024, 12:28 PM

May 2024

The information in the links answers the question posed in the OP. You are correct. If the SS recipient has not reached retirement age, there is indeed an offset in the amount of the SS retirement benefits.

My answer in my previous reply was off point. My answer referred to a recipient who HAS reached retirement age. In that situation, there is no offset to the recipient's SS benefits no matter how much employment income the SS recipient receives.

Best wishes, and thanks again for the links.

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If still working should you take Social Security Benefits at 62 [View all] exboyfil May 2024 OP

I am sure it will be fixed. I'm holding out for 70. NewHendoLib May 2024 #1

Just increase the SS tax on higher incomes.. In 2024, up to $168,600 in earnings are subject to Social Security payroll mitch96 May 2024 #8

I waited until 70 dflprincess May 2024 #20

yes - it is very significant. But I also feel lucky that we can wait. NewHendoLib May 2024 #21

Agreed dflprincess May 2024 #22

Keep in mind, you can only JenniferJuniper May 2024 #2

To be clear, that only applies to those who are collecting under full retirement age dflprincess May 2024 #19

It depends on many things. flying_wahini May 2024 #3

If you continue working while collecting SS, your benefits will be reduced Fiendish Thingy May 2024 #4

I am no expert, but I do not think there is a reduction in benefits. John1956PA May 2024 #10

Here is the info from the experts: Fiendish Thingy May 2024 #12

Thank you for the links. If a recipient has not reached full retirement age, there is indeed a reduction. John1956PA May 2024 #14

The cap is $22320. nitpicked May 2024 #15

That only applies to the $ over the limit, not the entire year's income. CoopersDad May 2024 #18

It depends jimfields33 May 2024 #5

Different reasons for different folks CCExile May 2024 #6

My goal is to wait until age 70 Auggie May 2024 #7

I'm also holding out until 70 and have 2 more years kimbutgar May 2024 #13

Hey, we're nearly the same Auggie May 2024 #17

no, not unless you plan to die young(ish). Voltaire2 May 2024 #9

This is a very "situational" question... Pluvious May 2024 #11

Other factors to consider nitpicked May 2024 #16