I am 61 1/2 and almost ready to qualify for Social Security.
My nest egg is not quite where I want it to be, due to raising kids most of my life.
I am in good shape and would like to keep working for a few years, while collecting social security. But if you work while collecting social security, you Social Security is reduced drastically.
How can I build my nest egg with rules like that? I want to work and collect Social Security at the same time so the last few years of my life can be better
Can we change the law so I can do both?
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At the very least they should stop collecting so much social security taxes if you’re working past retirement age.
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i vote removal of SS tax. citizens should save for their own future.
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Here’s a hoot. If you’re a certain age, you CAN work without penalty, exept you still pay Social Security tax with no possibility of getting any benefit from those tax dollars.
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Are you happy to let people starve to death, or become homeless to achieve that?
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People die every day. I’ve witnessed enough atrocities before i came to America that a soldier would have PTSD for life. you can’t save everyone. You CAN save those around you first, your family, your friends, your community. Until We the People of America are taken cared of fully, we HAVE NO business saving or solving others’ problems. Until you know how to solve your own problems, what makes you think you know HOW to solve anyone else’s? what experience, or skill do you bring to other people’s door to “help” them if you can’t even or won’t even solve your own issues?
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According to the IRS:
If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2024, that limit is $22,320.
In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. In 2024, this limit on your earnings is $59,520. We only count your earnings up to the month before you reach your full retirement age, not your earnings for the entire year.
What benefit is there in depressing the outside income of people on SS? I pay taxes and SS on my earnings. Why do I have to pay 33-50% of my additional earnings to SS? This cannot represent a major amount of money in the general scheme of SS. The only purpose is to suppress the living conditions of senior citizens who have worked and contributed their entire lives.
Either raise the limits significantly or eliminate entirely
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