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-   -   Allowable Social Security Income (https://www.askmehelpdesk.com/showthread.php?t=256790)

  • Sep 4, 2008, 09:28 PM
    ljstoker
    Allowable Social Security Income
    I need to know what the total income for 2009 will be allowed by Social Security. This is the amount a person can earn and not have to pay any back out of their social security earnings.
  • Sep 10, 2008, 02:40 AM
    Clough
    Hi, ljstoker!

    I just moved your question to this topic area in the hopes that it might get noticed and answered the best. I'm not sure if this is exactly the right topic area for it, but I'm sure that it will get noticed more in the section by the appropriate experts than where it was over in Home-Based Business.

    Thanks!
  • Sep 10, 2008, 11:26 AM
    ebaines
    I don't believe the SSA has announced the 2009 limits yet. Based on inflation they should certainly be higher than for 2008. Quick review of the rules for 2008:

    If you are older than full retirement age, there is no limit.
    If you are younger than full retirement age for all of 2008, your benefits are reduced by $1 for every $2 you earn over $13,560.
    If your reach full retirement age in 2008, you must deduct $1 for every $3 you earn over $36,120 until the month you reach full retirement age, and after that nothing.
  • Sep 10, 2008, 07:36 PM
    ljstoker
    So what I am to understand is: Since I turn 66 in January and that is my full retirement age, I can make anything I want and not be penalized. Am I understanding this correctly?
  • Sep 11, 2008, 05:40 AM
    ebaines
    Quote:

    Originally Posted by ljstoker
    So what I am to understand is: Since I turn 66 in January and that is my full retirement age, I can make anything I want and not be penalized. Am I understanding this correctly?

    In your case - yes. But if you draw any social security in 2008, you would be docked $1 for every $2 over $13,560 that you earn in 2008.
  • Sep 11, 2008, 07:09 AM
    d-fore
    If you get married and your husband dies and he has one step child is that child elgible for social security benefits even though the real father pays child support
  • Sep 11, 2008, 07:21 AM
    d-fore
    If my husband dies and we have been married for only 6years am I intilted to any social security benefits
  • Sep 11, 2008, 07:58 AM
    ebaines
    d-fore: you should not tack a new question onto an old one. I suggest you ask this question in the retirement forum and someone (perhaps me) will be glad to answer it there.
  • Jan 15, 2011, 09:11 PM
    tableclocks

    14,160 dollars

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