Working While Collecting Social Security (2023)

This video discusses the Social Security Annual Earned Income Limit and working while collecting Social Security. The video discusses first year exceptions to the earnings limit, often called the Monthly Earnings Rule, or the "Grace Year" exemption, how this exemption is applied if you earn more than the monthly limit in any given month and what happens to spousal and child benefits if your benefits are suspended due to excess earnings. The video ends with a discussion on what constitutes earnings in the eyes of the SSA.


FREE Retirement Ready Checklist:
https://HolySchmidt.com/Checklist/

Holy Schmidt Book Club:
https://holyschmidt.com/book-club/

Important Links:

Follow Me on Instagram:
  / the_schmidtlist  

Geoff's Facebook Page
  / geoffreymschmidt  

Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


THE CHANNEL’S MOST POPULAR VIDEOS

Should You Take Social Security at Age 62 and Invest it?
   • Should You Take Social Security at Ag...  

7 GOOD REASONS to File for Social Security Benefits at Age 62
   • 7 GOOD REASONS to File for Social Sec...  

Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!?
   • Average Retirement Savings by Age 60....  

The BEST AGE to File for Social Security Retirement Benefits
   • The BEST AGE to File for Social Secur...  

3 Social Security "Little Known Facts" That Are REALLY Important
   • 3 Social Security "Little Known Facts...  

Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.