Are you only able to work 15 hours a week if your collecting full retirement SS checks and you've been self-employed since 1995

[Penelope]

You sure?? If you work for someone else.

Self-Employment Rule
The rule is that if you are self-employed, you can receive full benefits for any month in which you Social Security considers you retired. To be considered retired, you must not have earned over the income limit and you must not have performed what Social Security considers substantial services.

The usual test for substantial services is whether you worked in your business more than 45 hours during the month, subject to some exceptions. For instance, if you worked between 15 and 45 hours per month and the work you did could be considered highly skilled, your work could be considered substantial services (more on this below). But if you worked less than 15 hours, in no case will you be considered to have performed substantial services (you are considered retired, period).

Reduction in Social Security Early Retirement for the Self ...​

I read it here, but you can't alway believe what you read.

 

[Penelope]

I suspect he will mainly clean out garages and light duty services, such as fix a repair on drywall.

I won't let him do anything against the law.

 

[Leo123]

Self-Employment Rule
The rule is that if you are self-employed, you can receive full benefits for any month in which you Social Security considers you retired. To be considered retired, you must not have earned over the income limit and you must not have performed what Social Security considers substantial services.

The usual test for substantial services is whether you worked in your business more than 45 hours during the month, subject to some exceptions. For instance, if you worked between 15 and 45 hours per month and the work you did could be considered highly skilled, your work could be considered substantial services (more on this below). But if you worked less than 15 hours, in no case will you be considered to have performed substantial services (you are considered retired, period).

Reduction in Social Security Early Retirement for the Self ...​

I read it here, but you can't alway believe what you read.

Your link says there may be limits if you are not at full retirement age. "If you are self-employed and you claim early retirement benefits from Social Security (any time between age 62 and your full retirement age), your benefits may be reduced if you're performing "substantial services," even if you're not making income over the allowed limits." How old is he? Don't quote me but, I think if he is 65 or older, he should be able to work all he wants.

 

[Penelope]

I found out I put a call back on our accountant's site, and he can work all the hours he wants.

He'll be 66 and 4months for complete full retirement benefits. Of course, you will need to pay 15.3% of SS and Medicare payments. He was born in 1956.

 

[Pellinore]

I won't see an SS check, I don't think ever.

I try to stay optimistic, but I'm planning as if I won't get one.

 

[Penelope]

Doesn't "fully retirement" mean not working?

Its does for some non ansy people.

 

[Confederate Soldier]

I try to stay optimistic, but I'm planning as if I won't get one.

At 19, just starting work, I know I'm not going to see one.

 

[Penelope]

1956	66 and 4 months
1957	66 and 6 months
1958	66 and 8 months
1959	66 and 10 months
1960 and later	67

Increase in Retirement Age

The Congress will be at 70 of age.

 

[Penelope]

At 19, just starting work, I know I'm not going to see one.

You should be retiring at 70ish and 68ish for Medicare.

You will be working when you die, if you last that long, they said they won't any SS anymore.

they need to take the cap of it.

 

[debbiedowner]

Full retirement age doesn't mean fully retired. We have many employees that work and are past full retirement age.

If you retire, you don't work.

Pay attention to what she was asking.

 

[Papageorgio]

Pay attention to what she was asking.

Man you are so stupid. Get a life.

 

[flan327]

I won't see an SS check, I don't think ever.

Why not?

 

[flan327]

Man you are so stupid. Get a life.

That was helpful

NOT

 

[flan327]

Your link says there may be limits if you are not at full retirement age. "If you are self-employed and you claim early retirement benefits from Social Security (any time between age 62 and your full retirement age), your benefits may be reduced if you're performing "substantial services," even if you're not making income over the allowed limits." How old is he? Don't quote me but, I think if he is 65 or older, he should be able to work all he wants.

Not true

My husband is 70

 

[flan327]

Its does for some non ansy people.

Antsy

 

[flan327]

Antsy

Or some people who are in SO MUCH PAIN that they can barely WALK

 

[Papageorgio]

Its does for some non ansy people.

Who are "ansy" people? Is that part of the LGBTQ+ crowd?

 

[Leo123]

Not true

My husband is 70

Really? I can earn all I want.

 

[Confederate Soldier]

Why not?

Because I'm quite young, and I've heard that they want to end social security in the future.