I was wondering if the amount you can make while collecting SS will increase next year?
Richard W. Taggartof NJ12:11PM June 03, 2009
Ann, you should check the www.ssa.gov website. I believe you can earn up to around $14,000 without penalty, and that would be IN ADDITION to your SS payments.
I am still 10 years away from retirement, but by saving diligently, my plan is to retire from f/t work at age 60, live on savings and p/t income until age 66 + 10 months, my full retirement age, and then start collecting SS at 66. the biggest challenge will be finding a p/t job that offers health coverage, as i have a chronic health condition that requires expensive meds. Not impossible, but difficult.
I considered waiting until age 70 to start collecting Social Security in order to maximize my monthly benefit ($$2000 vs $2600) but i want to make sure i'm able to enjoy it so the compromise is age 66.
fernof CT10:44AM June 01, 2009
if you are laid off and collect unemployment can you collect ss without worrying about going over the 14,000+that you can earn.i asked unemployment and it says it is not considered wages and you can collect without worrying about going over the 14,000 limit.
Mary Shortsleeveof NY7:05AM June 01, 2009
I started drawing widows benefits at age 60. I was under the assumption that if I worked the total I could earn was 14,000+ including the SS. I barely get by. From what I read here it sounds as if I could hold a part time job if I don't earn over $14,160.00 per year and still get my full amount of SS every month. Is this correct?
Annof MS12:58PM May 30, 2009
Yes I retired three years earlier than planned. I'm an independent consultant and when I got "laid off" - so no unemployment insurance, I said do I want to be unemployed or retired - I chose retired. I laugh when I read about working longer to make up for loss of IRA values - work where? And there are a lot of younger people who need the work a lot more than I.
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Cherilynn Stone of AK 11:55AM June 04, 2009
Richard W. Taggart of NJ 12:11PM June 03, 2009
fern of CT 10:44AM June 01, 2009
Mary Shortsleeve of NY 7:05AM June 01, 2009
Ann of MS 12:58PM May 30, 2009
Jim of MA 4:46PM May 29, 2009