How Work Impacts Social Security Benefits

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When will my social security benefits be started again.

sylvia smith of MS 12:01PM July 13, 2012

In the above paragraph "Benefits are not permanently withheld",the money deducted from your Social Security payments if you earn too much isn't withheld forever. Once you reach your full retirement age, your checks are recalculated to give you credit for the reduced benefits. How (formula?) does the SSA recalculate yht monthly benefit?

Bob G. of OH 10:58AM April 25, 2011

What about those who have to go back to work after retirement? Can they get the new income added on to the funds they have after they retire a second time?

Alan Reeves of IL 11:30PM October 21, 2010

I could have retired at 62, but I carried the medical ins. I could have retired at 65 but at a decreased amt. and with out a clear understanding of medicare, no eye care, no dentist, need a part D coverage, all taken out of s.s.benifets. Was hopeng my 401K WOULD HELP but thats been thinned from world events. Then there is the credit card. Boy has that interest rate climed, and all it takes is being one day late with a payment, regardless off how much much of a payment you normally send. The golden years, fools gold.
The money saved by our parents and our selves was just to tempting sitting there gathering interest, so leaders in goverment decided that it should be put to there advantage (they are so giving with other peoples money) THEY BORROWED IT. Will it be paid back to the working people of this nation??? Will it be there for our workers to help with our now tarnished years ??? It is wonderfull to help people, but now we have a welfair state - and no one is there to accept the responcability or has a solution to this problem.

TDNydam of MA 1:22PM October 12, 2010

If you want to collect at 62 and get your s.s. should being able to do so., no matter what salary you make., but the goverment doesn't let you, since if you only make 15,000.00 than you can do both.,
is unfair than why are we paying all this years.,?????
I'm 62 now want to be albe to collect my s.s. and work too.,
but they said I can't .

Nena Gil of IL 10:53AM October 07, 2010

I think that penalizing Americans for working is outrageous. If a person elects to collect at age 62, he/she will be penalized approximately 25-30%, be limited in earning power ($14160) and still have to pay taxes on the Social Security benefit. Many citizens are out of work and need to collect early. Finding a job is difficult as many companies are letting people go. Why punish these people. Isn't reducing the benefit enough? I have written my congressmen on this, but get no reply or some generic letter that has nothing to do with my concerns. We are really "boxed-in" on this one.

Steven Riback of NJ 11:30AM October 05, 2010

I agree with FD from WA. I am one of those "displaced" workers over 50. I am 61 years old - spent 25 years at the same job - only to lose my job to someone younger. I have been sending out resumes and applications for almost two years now but no one in my age bracket is even considered. It certainly puts someone like myself in a dilemma. To draw at 62 and get the smaller amount but having no choice but to do so. And of course, in losing my job I also lost my health coverage so it is a double whammy. There is no such thing as a perfect world and life definitely isn't fair. What is the answer to my situation and the many people like me - I honestly don't know.

GL of MI 11:05AM October 05, 2010

I have always paid in the maximum ss tax as my annual earnings have always exceeded the maximum subject to ss tax. While I continue to work post receiving ss benefits and pay the ss tax I will never displace any prior highest earning years. So in addition to paying income tax on 85% of my benefits, I pay social security and Medicare tax on about $50,000 in annual self employment earnings but will never get an additional dime on account of that.

Jerome Schindler of OH 12:23AM September 22, 2010

The fact is, so many people who are 50+ are losing their jobs, which puts a big monkey wrench into all of the above suggestions, as they then run into employers who are holding out for the perfect fit to what they seek - and usually get it - and someone who's 50+ isn't seriously considered. A generalization, sure, but unfortunately it's true in many cases. This situation is creating a larger number of "have nots" vs. the "haves" that still have a job and can follow your sage advice. The chickens will come home to roost on this in a lower lifetime standard of living, lower spending in our economy, and more pressure on our health care system.

FD of WA 11:40PM September 21, 2010