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dflprincess

(28,120 posts)
19. To be clear, that only applies to those who are collecting under full retirement age
Fri May 17, 2024, 08:59 PM
May 17

I waited until 70 to collect, but am still working full time. No penalty - except the hit I took on taxes. But that will change when I retire.

I am sure it will be fixed. I'm holding out for 70. NewHendoLib May 15 #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 15 #8
I waited until 70 dflprincess May 17 #20
yes - it is very significant. But I also feel lucky that we can wait. NewHendoLib May 17 #21
Agreed dflprincess May 17 #22
Keep in mind, you can only JenniferJuniper May 15 #2
To be clear, that only applies to those who are collecting under full retirement age dflprincess May 17 #19
It depends on many things. flying_wahini May 15 #3
If you continue working while collecting SS, your benefits will be reduced Fiendish Thingy May 15 #4
I am no expert, but I do not think there is a reduction in benefits. John1956PA May 15 #10
Here is the info from the experts: Fiendish Thingy May 15 #12
Thank you for the links. If a recipient has not reached full retirement age, there is indeed a reduction. John1956PA May 15 #14
The cap is $22320. nitpicked May 15 #15
That only applies to the $ over the limit, not the entire year's income. CoopersDad May 16 #18
It depends jimfields33 May 15 #5
Different reasons for different folks CCExile May 15 #6
My goal is to wait until age 70 Auggie May 15 #7
I'm also holding out until 70 and have 2 more years kimbutgar May 15 #13
Hey, we're nearly the same Auggie May 15 #17
no, not unless you plan to die young(ish). Voltaire2 May 15 #9
This is a very "situational" question... Pluvious May 15 #11
Other factors to consider nitpicked May 15 #16
Latest Discussions»Issue Forums»Social Security & Medicare»If still working should y...»Reply #19