How To Avoid Social Security Income Penalty скачать в хорошем качестве

How To Avoid Social Security Income Penalty

One major consideration to taking Social Security Benefits early is the earned income penalty, which could reduce your benefits if you’re still earning income over a certain threshold. But there is a flaw in the Social Security system that sometimes incorrectly assesses the earned income penalty. When someone retires, oftentimes their income for the year is already above the $23,400 earned income threshold but very few retirees realize that if their social security benefit is not turned on until after they receive their final paycheck, the earned income penalty will not apply even though social security may attempt to assess the penalty anyways. The good news? With proper planning and documentation, such as holding onto your final paystub, you can avoid unnecessary penalties and protect your benefits. This video will cover key topics, including: • How the Social Security earned income penalty works • Why social security incorrectly attempts to assess the earned income penalty on some retirees • Why keeping your final paystub is essential to protecting your benefits • Special rules for part-time work or self-employment after retirement ------------------------------------- 0:00 – 1:09 Intro 1:10 -1:48 Earned Income Penalty 1:48 2:43 Assessment of Social Security Income Penalty 2:44 - 3:50 Flaw in Social Security System 3:50 How to Avoid Penalty ------------------------------------------ 💰 For More Financial Education: Visit my YouTube Channel: Greenbush Financial Group Check out my Website: greenbushfinancial.com ❓ Have Questions About This Video? Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com Visit our website: https://www.greenbushfinancial.com/ Subscribe to our channel for more financial planning tips:    / @greenbushfinancialgroup   Leave a comment below! 🔔 Stay Updated If you found this video helpful, please like, comment, and subscribe! Don't forget to hit the bell icon for notifications on new uploads. #michaelruger #greenbushfinancial #socialsecurity #retirementplanning