Questions tagged [social-security]
For questions relating to the US Social Security system, e.g. payments, benefits, FICA taxes, etc.
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Can I be eligible to receive retirement benefits if I started working at age 62?
I started working in January 2019 at age 62 and finished working in December 2028. Are 10 full years of work considered?
key information from the comments:
Request Late retirement monthly benefits in ...
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What determines the date for evaluation of GPO (Government Pension Offset), and is it a one-time evaluation?
My wife is a public school teacher in Colorado with a government pension that will be more than 75% of my social security benefit in today's dollars. (The relevant number being 75%, consisting of 1/(2/...
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In the US, is the Social Security benefit negatively affected if you have one or a few low income years?
I think it is said that the benefits will be based on the top 35 yearly wages in our work history.
I am not sure if it is by "year" or by "quarter" (meaning 35 x 4 = 140 quarters), ...
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In the US, does the Social Security benefit calculator assumes you work until the retire age?
I was thinking that, from my ssa.gov webpage, it says if I retire at 62, my benefits will be about US$1800 each month, but if I retire at age 70, the benefits will be US$4000. (and will be adjusted to ...
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What is the effect of WEP and GPO if I worked as a teacher? [closed]
If person A chooses not to work (for pay that is, let's use the term "home maker" for this person "not working"), and is married to a significant wage earner, at retirement this ...
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Working while collecting Social Security: How do they correct overage?
I expect to get Social Security benefits starting soon, but I plan to keep working. I know that if I make more than a certain threshold, SSA will deduct a certain amount from my monthly benefits.
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FICA refund on H1B as a non-resident while performing work outside the US
My question is similar to the one here and concerns my 2022 US tax return: Federal income tax as nonresident alien working outside of USA remotely for US employer
For 2022, I filed as a non-resident (...
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Are there any "strategies" for Social Security besides the obvious decision as to when to take it?
I am of the age that I am constantly receiving mailings for local and web based retirement seminars, many touting "strategies" for withdrawing Social Security entitlements. This word, (in ...
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Who will the Social Security Administration be mailing out a 1099 to for my deceased mother?
My mother died in June of 2023. She was collecting Social Security at the time. I am the executor of her estate. However, I have not officially notified the Social Security administration of that.
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Why do US Social Security benefit estimate increases vary so much from year to year?
Although not yet old enough to receive US Social Security benefits I do look at the SSA statements each year. In each statement they provide an estimate of how much I will receive if I choose to start ...
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Determining eligibility for Social Security, without my own records
Thanks in part to this site, I have a pretty good idea of what calculations the Social Security Administration will make (quarters of coverage and all that) when determining whether I'm eligible for ...
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Deferring Tax on Social Security payments
Recently, I went to a free seminar (sales pitch) on retirement income. The speaker claimed that he has a method where you can defer the income tax on your Social Security payments to age 85. However, ...
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If you are not eligible for social security by 70, can you continue to work to become eligible after 70?
If you start working in the US late in life and don't have 40 credits by the time you turn 70, can you still become eligible for social security if you continue working past 70?
Various sources say ...
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In the US, what if the wages exceeded the maximum amount of contribution to FICA, does it affect the 35 years highest wages rule?
In one sentence: if my wage if $350k per year vs $200k per year, does that affect what monthly social security benefit, because they maxed out the contribution in the same way.
I saw from ChatGPT and ...
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I don't want Social Security Benefits, how do I not pay it's taxes?
Very simple: I don't want any Social Security Benefits, I don't want the taxes or the benefits, and am aware of the risks. For 2023 the max taxable income for Social Security Tax is $160k and 12.4% of ...
