How the Earnings Test May Reduce Your Social Security Benefits (2024)

Описание: Did you know that if you receive Social Security benefits before your full retirement age and you continue to work, your benefits may be reduced?

This is due to the Social Security Earnings Test. If you earn more than a certain amount of income, your benefits may be reduced or withheld.

In this video, we explain:

-How the earnings test works,
-How it affects your benefits, and
-What you can do to avoid or minimize it.

Social Security is a key component to nearly everyone's retirement income plan. Be sure to watch this video to learn more about the Earnings Test and how it impacts your Social Security income.


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⏱️Time Stamps⏱️ for this video referenced below:
00:00 - Intro
00:32 - How the Earnings Test Works
00:56 - Types of Benefits Impacted
01:00 - Income Limits
02:10 - When the Earnings Test Stops
02:55 - How is Income Withheld?
03:55 - What Income Counts Toward the Earnings Test
04:37 - Impact of Spouse's Income
05:26 - Summary

#SocialSecurity #retirementincome #retirementplanning


Financial Synergies Wealth Advisors
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https://www.finsyn.com/

Financial Synergies Wealth Advisors, Inc. is a fee-only RIA (Registered Investment Advisor) located in Houston, TX. For over 35 years we’ve been providing wealth management and financial advisory services to clients throughout the U.S. Our Certified Financial Planner™ professionals and advisors combine holistic financial planning and investment management to deliver a total wealth management experience.

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