Community Chat

[sann]

---

@ALRATIBA wrote:

---

@CelticCrafter wrote:

---

@sann wrote:

---

@gidgetgh wrote:

I think if you’re drawing Social Security, isn’t there a limit to how much you can draw in salary if you’re still working?  Something @$15,000 a year comes to my mind.  If you make more than that, there’s a penalty or something????

---

Once you trun 65 you can make all the money you want without any penalty.

---

That isn't true @sann  - it's once you reach your full retirement age you aren't penalized.

---

@CelticCrafter 

You are correct ... I started collecting at my full retirement age, and worked almost three more years, paying into SS and getting a monthly check. 

Each year your additional earnings are calculated and there is a generous increase in your SS check.  

Those few years of extra income earned a bit of interest and gave me a nice cushion when I retired.

---

---

@ALRATIBA wrote:

---

@CelticCrafter wrote:

---

@sann wrote:

---

@gidgetgh wrote:

I think if you’re drawing Social Security, isn’t there a limit to how much you can draw in salary if you’re still working?  Something @$15,000 a year comes to my mind.  If you make more than that, there’s a penalty or something????

---

Once you trun 65 you can make all the money you want without any penalty.

---

That isn't true @sann  - it's once you reach your full retirement age you aren't penalized.

---

@CelticCrafter 

You are correct ... I started collecting at my full retirement age, and worked almost three more years, paying into SS and getting a monthly check. 

Each year your additional earnings are calculated and there is a generous increase in your SS check.  

Those few years of extra income earned a bit of interest and gave me a nice cushion when I retired.

---

THANK-YOU FOR CORRECTING ME.

[Kachina624]

@NicksmomESQ.  I'm surprised your husband's health insurance didn't require him to enroll in Medicare when he turned 65.  The company health insurance then becomes secondary.  For many people, it provides better coverage for less money.  It saves the company insurance money so they usually insist on it.

[NicksmomESQ]

---

@deepwaterdotter wrote:

If you have placed a freeze or fraud alert on your credit record at Equifax, you will either have to remove the freeze/alert or apply in person at a Social Security office.

---

 @deepwaterdotter  Thank You for that information. We do have a credit freeze on our records. We don’t want to lift it so DH will be applying for SS in person.

[Purplenails]

I'm on Medicaid have not signed up for SS I'm 70 yrs. Will Medicaid be taken away. I don't want to lose Medicaid that's why I never signed up.

[nomless]

---

@Purplenails wrote:
I'm on Medicaid have not signed up for SS I'm 70 yrs. Will Medicaid be taken away. I don't want to lose Medicaid that's why I never signed up.

---

@Purplenails , call the Social Security office and ask them your question. 

[Somertime]

@NicksmomESQ   Here's another opinion!  Looks like you can file online!  Truthfully, I would call them at Social Security at 1-800-772-1213 - 7am to 7pm

@deepwaterdotter wrote:

If you have placed a freeze or fraud alert on your credit record at Equifax, you will either have to remove the freeze/alert or apply in person at a Social Security office.

We have freezes on our credit record.  When my husband applied he did it on line and did not have to remove the freeze.

[NicksmomESQ]

 @Somertime   Did your husband already have a SS online account prior to placing the freeze on your account? That may be why he was able to apply online.I did some research this afternoon.That’s what I read.

  I have the number for the SS office.The same one you mentioned. I will call them & find out.

  Thank you.

[Carmie]

---

@Kachina624 wrote:

@NicksmomESQ.  I'm surprised your husband's health insurance didn't require him to enroll in Medicare when he turned 65.  The company health insurance then becomes secondary.  For many people, it provides better coverage for less money.  It saves the company insurance money so they usually insist on it.

---

Everyone MUST sign up for Medicare Part A when they reach age 65.  Sometimes there is no need to pick up Medicare Part B at the same time.

The company's health insurance isn't always secondary.  Sometimes it is primary.

If you are still working and over the age of 65, Medicare would be secondary if the employer has 20 or more employees.  At this time, you must pick up Medicare Part A, but you would not need Part B, until you no longer had the employers health insurance plan.  The employers health insurance would be primary. If your spouse is on employers health plan, the same goes for them as well.

This is a federal law, so the employer has no choice.

[Carmie]

---

@sann wrote:

---

@gidgetgh wrote:

I think if you’re drawing Social Security, isn’t there a limit to how much you can draw in salary if you’re still working?  Something @$15,000 a year comes to my mind.  If you make more than that, there’s a penalty or something????

---

Once you trun 65 you can make all the money you want without any penalty.

---

Your statement is not entirely true.  I depends on your birth year.

Only  those people born in 1937 and before reached their full tetirememt age age 65.  

Those born between 1938 and 1942 have a full retirement age at age 65 plus 2 months for every year..so those born in 1942 for example would have to be 65 plus 10 months. old.

Those born between 1943 and 1954 must be age 66 + for full retirement age.  

If you are born in 1960 or later, full retirement age is 67.

This is why SS asks if you are still working in the app when you sign up.  They also ask how much money you are projected to make.

[NicksmomESQ]

 @Carmie  Thank you for always clarifying things when it comes to Medicare. It’s a lot to take in & you’ve help me break it down.