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<blockquote data-quote="pickup" data-source="post: 796546"><p>Dvrslim(the original poster):</p><p></p><p>I got a few directions to go in, let me start with this as a foundation for some of my ideas:</p><p></p><p>If you've joined the millions of retired folks forced to seek extra income, make sure you're aware of the Social Security rules that can affect your benefits if you have outside income. Depending on your age, outside earnings can sharply reduce your current Social Security benefits. However, in a future adjustment, Social Security will later raise your benefits to restore part or perhaps all of what you lose, depending on how long you live.</p><p></p><p>Here's how it works, according to a Social Security spokeswoman. If you begin receiving Social Security benefits before what's called your "full retirement age" (that's 65 to 67 for most people) Social Security will deduct $1 from your benefit payments for every $2 in outside wage earnings above an annual threshold, which in 2009 is $14,160. In the year you reach the full retirement age, the agency deducts $1 for every $3 you earn but only for the months before the month of your birthday. The earnings threshold, just for those months, is $37,680 in 2009. Once you've reached full retirement age, there is no reduction in Social Security benefits for outside earnings. Also at that time, if you've had your benefits reduced because of outside income, Social Security will raise them beyond what they were when you first began receiving benefits.</p><p></p><p></p><p>Okay, back to me. That statement in your original post said you can't make over 1180 a month . Well, i multiplied 1180 by 12 and got 14,160 which you see is the number quoted in my cut and paste up above. So my question is it a monthly limit of 1180 or a yearly limit of 14,160?</p><p></p><p>See i got this funny idea, if it is a yearly limit, retire, and go back as a casual for october ,nov, dec. I don't know if they hire casuals in your neck of woods, but if they do, and if the wages are what i think they are, you should be able to bang out about 14,000 grand in that time. so it is not really a part time job but a temporary one, one that you know how to do and one that they know you know how to do so you should have no problem dealing with the management unless you have a problem now. Need some overtime? and the overtime is coming down to the casuals, I am sure you can be first on line if you want.</p><p></p><p>Maybe a crazy idea . I don't know. As you see in the my "cut and paste" , once you hit full retirement age , there is no limit for outside earnings. So the question that you know the answer to is how old are you.? You don't need to tell me or anyone here but do you see? the closer you are to what 67?, the less worry you need to have about outside income eating at your social security money.</p><p></p><p>Okay, just curious, I know about no children policies since the implementation of ObamaCare , but why would an insurance company write a family policy(5 people) for 1,000 dollars and not one for 3 kids at let's say, $800?</p><p></p><p>I don't know if you got the answer for that one or not.</p><p></p><p>Anyway, think about my original idea. Thinking about it now, would the union have a problem paying the pension while you work the job? I heard a few things about working another job after retiring. </p><p></p><p>Anyway, maybe i did help you seeing the outside income limits in a different light. </p><p></p><p> I am tempted to delete this half baked cake of a post but it is already done so here you go.</p></blockquote><p></p>
[QUOTE="pickup, post: 796546"] Dvrslim(the original poster): I got a few directions to go in, let me start with this as a foundation for some of my ideas: If you've joined the millions of retired folks forced to seek extra income, make sure you're aware of the Social Security rules that can affect your benefits if you have outside income. Depending on your age, outside earnings can sharply reduce your current Social Security benefits. However, in a future adjustment, Social Security will later raise your benefits to restore part or perhaps all of what you lose, depending on how long you live. Here's how it works, according to a Social Security spokeswoman. If you begin receiving Social Security benefits before what's called your "full retirement age" (that's 65 to 67 for most people) Social Security will deduct $1 from your benefit payments for every $2 in outside wage earnings above an annual threshold, which in 2009 is $14,160. In the year you reach the full retirement age, the agency deducts $1 for every $3 you earn but only for the months before the month of your birthday. The earnings threshold, just for those months, is $37,680 in 2009. Once you've reached full retirement age, there is no reduction in Social Security benefits for outside earnings. Also at that time, if you've had your benefits reduced because of outside income, Social Security will raise them beyond what they were when you first began receiving benefits. Okay, back to me. That statement in your original post said you can't make over 1180 a month . Well, i multiplied 1180 by 12 and got 14,160 which you see is the number quoted in my cut and paste up above. So my question is it a monthly limit of 1180 or a yearly limit of 14,160? See i got this funny idea, if it is a yearly limit, retire, and go back as a casual for october ,nov, dec. I don't know if they hire casuals in your neck of woods, but if they do, and if the wages are what i think they are, you should be able to bang out about 14,000 grand in that time. so it is not really a part time job but a temporary one, one that you know how to do and one that they know you know how to do so you should have no problem dealing with the management unless you have a problem now. Need some overtime? and the overtime is coming down to the casuals, I am sure you can be first on line if you want. Maybe a crazy idea . I don't know. As you see in the my "cut and paste" , once you hit full retirement age , there is no limit for outside earnings. So the question that you know the answer to is how old are you.? You don't need to tell me or anyone here but do you see? the closer you are to what 67?, the less worry you need to have about outside income eating at your social security money. Okay, just curious, I know about no children policies since the implementation of ObamaCare , but why would an insurance company write a family policy(5 people) for 1,000 dollars and not one for 3 kids at let's say, $800? I don't know if you got the answer for that one or not. Anyway, think about my original idea. Thinking about it now, would the union have a problem paying the pension while you work the job? I heard a few things about working another job after retiring. Anyway, maybe i did help you seeing the outside income limits in a different light. I am tempted to delete this half baked cake of a post but it is already done so here you go. [/QUOTE]
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