I'm planning to claim Social Security next year but the government says my income will force them to withhold more of the benefits - is that correct?
Briefly

from 24/7 Wall St.1 month ago
Social Security allows individuals to choose when to start receiving benefits, with a financial incentive to delay past age 62 for a higher monthly payout.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/09/im-planning-to-claim-social-security-next-year-but-the-government-says-my-income-will-force-them-to-withhold-more-of-the-benefits-is-that-correct/
The earnings test can lead to a situation where benefits are withheld if income exceeds certain limits, but those benefits are restored when reaching full retirement age.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/09/im-planning-to-claim-social-security-next-year-but-the-government-says-my-income-will-force-them-to-withhold-more-of-the-benefits-is-that-correct/
It's possible to appeal decisions made by the Social Security Administration, but sometimes waiting for benefits can be the better option rather than pursuing an appeal.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/09/im-planning-to-claim-social-security-next-year-but-the-government-says-my-income-will-force-them-to-withhold-more-of-the-benefits-is-that-correct/
Individuals should be aware that if they exceed the earnings-test limit before reaching full retirement age, their benefits may be temporarily withheld until they qualify.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/09/im-planning-to-claim-social-security-next-year-but-the-government-says-my-income-will-force-them-to-withhold-more-of-the-benefits-is-that-correct/
Read at 24/7 Wall St.
#social-security #retirement-planning #earnings-test #benefits-withholding #full-retirement-age
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