Can I work and Collect Social Security? Will There Be a Penalty?

The Retirement Show: Your Life, Your Money with Scott Sierens

Scott Sierens에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Scott Sierens 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

1+ y ago 25:08

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In this episode, we dive into a common question: Can you work and receive a wage income while collecting Social Security? The answer may surprise you, as it's yes, maybe, and no. Join us as we explore each response in detail, discussing whether your benefits would be reduced and uncovering ways to reclaim any deductions. Additionally, we'll discuss four key ingredients to consider when deciding the optimal time to take your Social Security benefits.

Here's what we’ll discuss in this episode:

The three important periods of time to understand when it comes to Social Security. (2:33)
Time period 1: Deductions prior to your full retirement age. (8:54)
Time period 2: Deductions in the year of your full retirement age. (10:14)
Time period 3: Once you reach your full retirement age, there are no longer any deductions when collecting Social Security. (14:12)
Deducted benefits don’t go away forever. (16:00)
So, when should I take Social Security? (20:04)

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

Read more and get additional financial resources here: http://lifemoneyshow.com

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

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