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

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

Контент предоставлен Scott Sierens. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Scott Sierens или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

1+ y ago 25:08

MP3•Главная эпизода

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

156 эпизодов

#Trading #Careers #Business #Scott Sierens #401k #Chicago #Elgin #Financialplanning #Healthcare #Illinois #Roth #Scottsierens #Wealthmanagement #Yourlifeyourmoney #Pension #IRA #Retirement #Tax