Posts Tagged ‘Ss’
Will taking $4000 out of a 401K for an emergency affect someone recieving social security benefits?
L F asked:
My brother is deaf and has been recieving SS Benefits for 8 months now. He had to take $4000 out of his 401K for some dental work and to fix his car. I want to know if him using this money will make him ineligible for Social Security benefits, since we know one can only make a certain amount of money working while they are recieving Social Security.
Jacqueline
My brother is deaf and has been recieving SS Benefits for 8 months now. He had to take $4000 out of his 401K for some dental work and to fix his car. I want to know if him using this money will make him ineligible for Social Security benefits, since we know one can only make a certain amount of money working while they are recieving Social Security.
Jacqueline
How are social security benefits calculated?
glcm1961 asked:
On my annual social security report, my income for 6 of the past 19 years were incorrect, significantly lower than they should have been. Are benefits upon retiring based on your average income over your working life, or only based on the last year’s income that you worked? Is it worth the hassle to correct what was on the report? Will those errors impact the monthly benefit I receive upon retiring? I think my former employer cooked the books and didn’t pay SS taxes – is that why the statement is in error? Can I use my old tax returns to prove that I actually made more money than the statement shows? I have a lot of questions but any answers I receive will be greatly appreciated.
Mark
On my annual social security report, my income for 6 of the past 19 years were incorrect, significantly lower than they should have been. Are benefits upon retiring based on your average income over your working life, or only based on the last year’s income that you worked? Is it worth the hassle to correct what was on the report? Will those errors impact the monthly benefit I receive upon retiring? I think my former employer cooked the books and didn’t pay SS taxes – is that why the statement is in error? Can I use my old tax returns to prove that I actually made more money than the statement shows? I have a lot of questions but any answers I receive will be greatly appreciated.
Mark
If I stop working at age of 40 how would that affect my social security benefits?
qq5121971 asked:
How would the ss payments be affected? Is there anything I can do to maximize my benefits? Can I contact social security adminstrtion and tell them I will not work until 62? Would it help? How many years in the past do they look back to calculate retirement benefits? I am not talking about early retirement at age of 62. I am in USA.
Wendy
How would the ss payments be affected? Is there anything I can do to maximize my benefits? Can I contact social security adminstrtion and tell them I will not work until 62? Would it help? How many years in the past do they look back to calculate retirement benefits? I am not talking about early retirement at age of 62. I am in USA.
Wendy
