😃☎ Private consultation with Dr. Ed? Click here to schedule: calendly.com/mygovexpert/consult Get ALL your questions answered privately AND support all of our FREE CONTENT!! Medicare HELP and MORE HERE: linktr.ee/MyGovExpert Or, call my Medicare Partner, Chapter, for FREE MEDICARE HELP at 352-841-0632
They should not make Medicare Social Security complicated and confusing. A lot of us seniors don’t understand a lot of these. We are older now. We have worked all of our lives. We should just be resting and enjoying what’s left of our years in this world.
I just wanted to say how you do a great job of reading between the lines and filling in the blanks with some of these questions you get. It simply amazes me. Great Job!
Hi Dr Ed, I want to thank you for all of the videos that you post. I had put out a question to you yesterday, but continued looking until I found this one! Thanks! This particular video answers one of my specific questions regarding a small pension that I started receiving when I turned 70. I didn’t even know that I had anything coming to me until the company that I worked for over 30 years ago gave me a call and let me know. So happy that it will not affect my SS!
I’ve worked for the county for 27.5 years so far, I’m one of the lucky ones that has a pension still. I am 52 years old, and plan on retiring in March 2026 with 28.9 months of work. I am so glad that my social security income will not be affected. I have paid into social security since I was 15 years old. And pay almost $1200 a month towards my pension every month.
Thank you Dr. Ed for the knowledge and wisdom and understanding. I will be calling your office when it's time for me to file for Medicare and social security. Thank you again for all you do.
Thank you for doing this video. I have a pension, and also have enough points to collect SS now. Since I’m working Pt I’m still giving SS a few more years to grow since I’ll be penalized. This really seems like a punch in the gut to me. I worked hard when younger and still working to have a good retirement, but Gov is saying to me….’oh let’s not let you have too much money to survive during retirement, so let’s take away some!’
Please join one of my FREE LIVE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
I have a private old school pension for life. This pension did not allow us to pay into SS. However I’ve worked 28 additional years in other sectors and paid SS. I get very little, I mean very little SS. Why is this?
I was told by Social Security that I would not have to worry about WEP since I worked over 35 years full time and contributed to social security. At age 55 I took a city job that I didn’t contribute social security . After 10 years I qualify for a small pension . I was told that I paid into SS or so long that I don’t qualify for WEP . Is this correct?
One other issue that needs to be addressed. My brother in law has severe diabetes. He was trying to get SS disability several years ago and asked for help from a law firm. We don't know what if anything they did but a year later after a double amputation on his leg and several visits at the local SS Office, he was approved for SS disability and there was some backpay. YOU CAN BET THAT LAW FIRM THAT WE HAVE NO RECORD OF ANY HELP FROM came in and took over $3000 of that backpay. Warn your listeners.
I’m not a big fan of pensions. I will have two but if I had the money invested myself I’d my whole family wealth and security would be increased. I’d be well into the Million$ balance.
Hi Dr. Ed, I was a union bricklayer and have 4 different union pensions because I worked all across the country. I am 62 years old and was thinking of starting my social security at 63 years. Should I wait ?
I enjoy your videos with their real-life examples and solid answers. I wonder if some people think the 13% reduction you talk about is additional or coming in the future. Correct me if I'm wrong, but it's been known for years (1983) and has already been baked into any SS benefit estimate you get. Sure I'd like more $$, but it is what it is and no point lamenting what it could have been and causing unneeded angst in folks.
My spouse had a severe disease - Scleroderma that is on the SS Disability quick approval list - she was approved in 2 months. We did all the filing without any help from an attorney and got a quick approval. Of course, she didn't get that money for long before she passed.
My former husband, md 19 years, paid into SS before joining IL TRS. SS agent says I lack eligibility to draw on his coming SS benefits because I remarried before age 60. Is this true?
I have a small state pension. The SS website shows income for those years worked. But I thought everyone who got these government pensions was getting offset funds returned. I don’t entirely understand this fairness act bill.
If you paid social security tax while working for the state, then there is no increase in Social Security for you. The Fairness Act bill only applies to public service workers who did "not" pay a social security tax while they were working for that government entity. Only 3 percent of retired Americans were in this category-- the majority were working for the Post Office.
@ I worked many public service jobs as well before and after working for the state. But I guess since I paid into SS while working for the state there’s no increase. Thanks for the info .
I am 72, was a teacher for 30 years, received a pension , also contributed to social security for 27 years. My wife was a nurse and gets social security. With repeal of WEP, do i need to apply for spousal benefits?
Hello, i went on line to see if my PERS would effect my SS and the calculator said no. I had about 34 years of paying into SS so my benefits would not be reduced. How reliable are the SS calculators ?
I sold an investment house and was shocked to get a letter from the Social Security office that my monthly benefit amount would be reduced because the capital gains from the sale of the house increased my adjusted gross income! That is most unfair! Was there something I could have done to prevent my Social Security from being reduced?
I'm 66 just retired last year. With economy and property taxes going up. I will have to rent a room to pay property taxes and high utilities. Will that affect my SSA. Thank you for all your help and advise.
What did you rent a room? Ask for cash. Use extra funds for necessities. Have a cash only garage sale! I'm just saying that the government will always want your money.😅
My pension had a Deffered Retirement Option Payment (DROP). This allows you to retire, and they reinvest those payments back into the pension. Then, your monthly pension payment gets reinvested by the pension. Once you actually leave the company, you can withdraw those funds and just pay federal taxes. Do these DROP payouts count towards your IRMA taxes? invested back into the pension
Turned 62 in october 24 applied in August for ss. Because im currently working they said my first check 2150 won’t hit till end Feb ? Why . Im not over the 24000 this year or next. Thanks in advance. Great info.
I'm 66 retired military, 16 years with the railroad and also retired. Now I have a friend who said that that social security owned him some kind of benefit and he received a check for $150.000.00 Now I don't know what list he saw but he mentioned my name was on the list and that I had to call this "agent" to collect. Instant scam! I tried to look up this scam but can't find it. I asked him if he actually received the check and yes he did. Did he get scammed?
I do collect a Police pension inNJ that did not pay into Social Security. But I also have maintained a second job and have been paying into Social Security for 37 years now and have accumulated 40 credits or quarters whichever they call it and was told that the windfall elimination provision will not affect me then . Am I correct or am I not?
Trying to calculate my spousal benefit. Spouse waited until age 70 to collect his. His benefits are reduced due to WEP. I do not have a pension of my own, so no government offset will apply to me. Where can we find the correct amount to calculate my 50% at my FRA of 66 and 10 months? Thank you.
I’m retired airlines retired just before the merger after merger guys who retire are getting a SS offset on there pension! The windfall will that correct that?
I retired at age 62 and Im collecting my pension and SSA. I moved out of the country for part of the year. I am divorced. I will turn 65 next year in April. How does Medicare Part B work and do I need to sign up for a supplemental Medicare program What do you advice?
I had a small IRA from my work in education that I had to pay a windfall on about 10 years ago , it will be ending next year. Will it make a difference in the amount of Social Security I receive going forward?
I am 64.5, my husband died 4 yrs ago and I receive his firefighter pension. I work as a school bus driver earning under 20k per year. Can I collect Soc Security at 65 and still work?
I’m collecting Social Security. I work for a school district and I am Investing in the TRA program. It’s the teachers retirement fund. I am not a teacher, I work in the transportation department. I am a monitor on a school bus for special needs kids. Will that affect my Social Security payment? a TRS while I’m working. Will this affect Social Security?
I paid into social security all my life. I will get a 2% increase (based on older people I know) every year which doesn’t even begin to cover what I could make in the market. With that - I should GET what is mine that I put in. Just because I have a pension should not change my SS
If losing an Advantage plan because of moving to another state, can I be disqualified for supplemental insurance in the new state of residence because of pre-existing conditions?
For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D), please call my Medicare partner, Chapter Advisory, at (352) 841-0632. They will review ALL the plans in your area and go over ALL your options.
I am a retired federal employee Worked for DOD as a civilian for 21 yrs I have federal Bc/Bs health Insursnce I have Medicare part A but don’t have part B Is there any Insurance that I can get to supplement my Bc/Bs ?
When you say you make over the amount and they keep one dollar out of the two dollars you make will you get that money back or they’re holding it forever?
Hello, Doctor Ed. Hope you're having a good day. I am 67 years old. Turning 68 this month and I have been on social security disability since 1997. Would you please tell me what category That I'm in.😊
Please join one of my FREE LIVE UA-cam Q&A sessions so I can give you a more complete and accurate and answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
Hi. Thank you for the info. My husband turns 62 next year. If he takes SS and still works can we reduce his earned income by contributing to a 403b to meet the $22,320 max and not run into any issues? Thanks.
Hi Dr. Ed, I was a self employed person and I worked for 25 years as owner operator . My last 15 years working with $200k a year income. I recently retired in March 2024 and my monthly payment is paid thru my wife pension board because she worked as a goverment employee. It is my believe that is too low what i am receiving. My question is “Why I receiving pension from the government when I never worked for them but my wife Yes and she retired before me ?
Hello! Been watching a few months, a wealth of info, thank you! I receive a percentage of my ex husbands military retirement, and am remarried, does this affect my social security?
I have a pension from another state Law enforcement. I live in Florida. Paid into FICA all 20years I’m 65 now. 2025 in November will be my full retirement for benefit payments from Social security. Will my S. S. Benefits payments interfere with my pension?
If I stop working Dec 2024 with work related benefits that will stop. When I start Medicare part B, I heard you say previously we must stop HSA 6 months prior to having part B (just heard that). What happens now if I haven’t stopped my HSA until Oct
I don't know if Dr Weir comes back to answer questions on past posts after the live vid ends. I'm not expert but I THINK you have to stop HSA 6 months prior to starting Medicare.. You may want to subscribe and get notified of next live vid and re-ask this question during that video.
The Social Security benefits and the pensions should be two separate entities. They shouldn't deduct anything you've earned in your pension because you're on Social Security. You paid equally in both of them.
@@bethh4271 I 100% understand as I've done the same. His vids like this fairly well all start at 5pm for me and even though I have notifications, I'm still late to most. He is the best for honest, accurate info...and I'm betting he has a past vid devoted to HSA. If you can't catch a live, put HSA in the search and you very well may find definite answer.
My husband was 68 when he died I was 59 & disabled. The specialist told me I wasn't old enough to get Windows benefits & she didn't explain anything to me so 5 years has passed & I'm on disability & trying to wait till I'm 67 to get his benefit. Am I doing the right thing? And I am born in 1960 & worried about this 13% decrease of his benefit. So I'm waiting 7 years & 8 months & now losing 13% of what his full benefit would be?I so its either windows benefits or wait till 67 for husband benefits not both is this correct? Can you clarify please. I am mentally ill & disables physically. I only get my disability right now.
What if you're 60 and your wife is 82 can you start survivors benefits or do you still have to wait till I am 62? And if I can. Can I hold off on receiving my benefits until 67?
I received a pension as a lump sum. I rolled it over into an IRA. What confuses me is I received a letter from Social Security saying I have a retirement benefit from a private employer. I guess they are informing me. 🤔
Me and my wife was on ssi ,then my wife passed away so Iway getting death binifes, I'm going to be 67 in Jan does social security change me to social retirement auto matic.
If you never sign up for Medicare Part B or Part D when you are first eligible, you will likely face a late enrollment penalty when you do eventually enroll, meaning you will have to pay a higher monthly premium for as long as you are enrolled in Medicare; this penalty is typically calculated as a percentage increase based on how long you delayed enrollment, with Part B penalties being 10% per year of delayed enrollment and Part D penalties being 1% per month of delayed enrollment. I'M paying a penalty .
I'll be retiring this coming April 2025, when can I start signing up for Medicare Part B and supplemental insurance...currently I have Medicare Part A and will turn 68 on April. I don't draw SS benefits yet...
If you take Windows benefits then its my understanding that you can't get spouses full retirement benefit unless you wait for your full retirement age is this correct so you have to choose one option or the other, except I was mislead by the specialist who told me I wasn't old enough at 59 but I was disabled & I've heard I should have been eligable.
I'm getting ready for the state of az. I retired from the state of az with a pension a year + ago and receiveda pension from the county of Maricopa. I get the SS benefits form from them stating what I will receive when I retire. Medicare: I have medical insurance and getting ready for Medicare original and would like to keep what I have. I know I'm getting Medicare a and b. The suplimental part do I need them and can request them later or the following year?
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
I have a small SERS retirement pension. My ex-husband has Social Security that I am entitled to when I retire. However, Social Security will take 2/3 of whatever I get from my ex-husband‘s retirement. I did work outside the school system here and there and I did pay in Social Security over the years but I don’t qualify for any of that Social Security back. How will I ever survive once I retire?
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
2 місяці тому+1
You can trade the pension for the Social Security benefit. The Social Security benefit will be much lower than the pension amount, but you can trade it.
I have left a message for your staff to call me regarding changes. No one has called me back to make an appointment when can I expect a phone call please?
Sorry to hear that! 100,000s will be losing their plans next year, so a lot of people need help. But we still have time, and we can't switch plans until Oct 15. Did you call this number? (352) 841-0632
SSDI THE SAME THE AS SSDIB? AND WITH MY VETERANS AFFAIRS THEY DO INDEED EFFECT MY DIB OR IS IT SSDI DIB? SSA on the phone called me today and I thought they cleared up a confusion but now I watch this video Im confused again.
I paid more into ssi while employed by public utility which had mandatory overtime,,,,,now my ssi is taxed 85% how is this fair? paycheck while working lower, retirement checks lower......slavery
My husband died at 68 I was 59 & disabled, the social security specialist told me I wasn't old enough to get Windows benefits. 5 years has gone by so I'm waiting until I turn 67 to get his retirement benefit is this the best way to proceed since the specialist mislead me stating I wasn't old enough on top is the rude I way she treated me
I found for social security at 62 and now I am 66. How did that work? I'm still penalized. And I have a job. that does not pay.You're so social security
I have the same thing. Military Pension, 401k, and disability from the VA. Should I wait till 67 to draw SS. I want to retire from my private job at age 65 after 20 years but I see a loss of $400 a month if I take it then. I have worked a straight 46 years but I was thinking of waiting until 67 to draw it.
I'm turning 65 in 2025, I'm just trying to find out as much information as I can and how to navigate through this nightmare. Not looking forward to any of it!
For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D, etc), please call my Medicare partner, Chapter Medicare, at (352) 841-0632. They will review ALL the plans in your area and go over ALL your options.
The cola came out. 3.2 % is nothing. So where do they get these numbers because the politicians are not present in any of this. We only here about it, but the amount of the cola is low.. for 2024.
I believe it is only based on data from the third quarter of the year. This year those months were more favorable than the first six months of the year. In that way it seems to act more like a snapshot to predict next year rather than to make up for the past year.
Interpreting what I think you are saying is that if you are collecting SS and maybe a pension the government doesn’t penalize your SS payouts if you work and make around $22,000 or less?
Im receiving my military retirement and received my social security at 62. Social security is taxing the crap out of me and now that Im 65, medicare is taking 185.00 out of the check I do receive. Plus, Im paying taxes on said social security. How is this fair????
For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D), please call my Medicare partner, Chapter Advisory, at (352) 841-0632. They will review ALL the plans in your area and go over ALL your options. If you need help with Social Security, please join my FREE LIVE Q&A.
What happens is you get laid off have UI but doctor says you should apply for Disability? I turned 65 in Feb this year was going to work another 5 years !
Hello I have pension from working 35 years in school as custodian. I’m full retirement age 11/2/1957 🎉 I am working 30 hours week. How do I come out ahead working. I will make 23.000 yearly. And my goal is not to work these hours just to pay 💰 taxes on it. Guidance please. 🙏
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
The 3%. did not pay 6.2% FICA taxes on 100% of lifetime wages. Back in the day agreement was they avoided fica taxes to have those funds diverted to give them a larger personal pension benefit (both their and employer side contributions went to increasing their pension check size. ). They also knew their social security SS checks would be shorted as a consequence. Too bad the normal everyday worker (the other 97%) can’t avoid paying fica taxes to grow his/her own personal IRA/4o1K benefit (their weaker version of a pension)--And expect no reduced SS check consequences. . That would bankrupt social security. This only benefits the 3% who avoided paying fica taxes on 20-40 years of a non FICA paying pensioned job. Some with pensions paid BOTH fica all along and also contributed significant pay to their pensions. How is this fair to them?
😃☎ Private consultation with Dr. Ed? Click here to schedule: calendly.com/mygovexpert/consult
Get ALL your questions answered privately AND support all of our FREE CONTENT!!
Medicare HELP and MORE HERE: linktr.ee/MyGovExpert Or, call my Medicare Partner, Chapter, for FREE MEDICARE HELP at 352-841-0632
They should not make Medicare Social Security complicated and confusing. A lot of us seniors don’t understand a lot of these. We are older now. We have worked all of our lives. We should just be resting and enjoying what’s left of our years in this world.
❤✅️
@@chuckiemeister EXACTLY 100%
That's the point. They want to confuse the elderly. By making it complicated for us. When we reach that age.
They do it so all seniors get agitated and give up.
I just wanted to say how you do a great job of reading between the lines and filling in the blanks with some of these questions you get. It simply amazes me. Great Job!
I appreciate that!
Hi Dr Ed,
I want to thank you for all of the videos that you post. I had put out a question to you yesterday, but continued looking until I found this one! Thanks!
This particular video answers one of my specific questions regarding a small pension that I started receiving when I turned 70. I didn’t even know that I had anything coming to me until the company that I worked for over 30 years ago gave me a call and let me know.
So happy that it will not affect my SS!
I’ve worked for the county for 27.5 years so far, I’m one of the lucky ones that has a pension still. I am 52 years old, and plan on retiring in March 2026 with 28.9 months of work. I am so glad that my social security income will not be affected. I have paid into social security since I was 15 years old. And pay almost $1200 a month towards my pension every month.
The THEFT ends today, in spite of what this guy [blogger] says/believes. De-valuing public service work in America ENDS TODAY.
Thank you for all the work you and your staff do. You are appreciated!
Thank you Dr. Ed for the knowledge and wisdom and understanding. I will be calling your office when it's time for me to file for Medicare and social security. Thank you again for all you do.
You are so generous w your knowledge thank u.
My pleasure
I am grateful for this education
Thank you for doing this video. I have a pension, and also have enough points to collect SS now. Since I’m working Pt I’m still giving SS a few more years to grow since I’ll be penalized. This really seems like a punch in the gut to me. I worked hard when younger and still working to have a good retirement, but Gov is saying to me….’oh let’s not let you have too much money to survive during retirement, so let’s take away some!’
Please join one of my FREE LIVE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
I have a private old school pension for life. This pension did not allow us to pay into SS. However I’ve worked 28 additional years in other sectors and paid SS. I get very little, I mean very little SS. Why is this?
🙏 Thanks!
Very important information, thank for addressing our concerns
Glad it was helpful!
Thank you for your service and Advice Mr Ed 👍
I was told by Social Security that I would not have to worry about WEP since I worked over 35 years full time and contributed to social security. At age 55 I took a city job that I didn’t contribute social security . After 10 years I qualify for a small pension . I was told that I paid into SS or so long that I don’t qualify for WEP . Is this correct?
Listening and learning ...
One other issue that needs to be addressed. My brother in law has severe diabetes. He was trying to get SS disability several years ago and asked for help from a law firm. We don't know what if anything they did but a year later after a double amputation on his leg and several visits at the local SS Office, he was approved for SS disability and there was some backpay. YOU CAN BET THAT LAW FIRM THAT WE HAVE NO RECORD OF ANY HELP FROM came in and took over $3000 of that backpay. Warn your listeners.
I’m not a big fan of pensions. I will have two but if I had the money invested myself I’d my whole family wealth and security would be increased. I’d be well into the Million$ balance.
Thank you kind sir!
Very welcome!
Hi Dr. Ed,
I was a union bricklayer and have 4 different union pensions because I worked all across the country. I am 62 years old and was thinking of starting my social security at 63 years. Should I wait ?
Depends upon a lot of factors including whether you are working too.
I enjoy your videos with their real-life examples and solid answers. I wonder if some people think the 13% reduction you talk about is additional or coming in the future. Correct me if I'm wrong, but it's been known for years (1983) and has already been baked into any SS benefit estimate you get. Sure I'd like more $$, but it is what it is and no point lamenting what it could have been and causing unneeded angst in folks.
I agree. However, politicians are talking about doing it again, so I think it's important to make people aware of all the repercussions.
My spouse had a severe disease - Scleroderma that is on the SS Disability quick approval list - she was approved in 2 months. We did all the filing without any help from an attorney and got a quick approval. Of course, she didn't get that money for long before she passed.
My former husband, md 19 years, paid into SS before joining IL TRS. SS agent says I lack eligibility to draw on his coming SS benefits because I remarried before age 60. Is this true?
I have a small state pension. The SS website shows income for those years worked. But I thought everyone who got these government pensions was getting offset funds returned. I don’t entirely understand this fairness act bill.
If you paid social security tax while working for the state, then there is no increase in Social Security for you. The Fairness Act bill only applies to public service workers who did "not" pay a social security tax while they were working for that government entity. Only 3 percent of retired Americans were in this category-- the majority were working for the Post Office.
@ I worked many public service jobs as well before and after working for the state. But I guess since I paid into SS while working for the state there’s no increase.
Thanks for the info .
I am 72, was a teacher for 30 years, received a pension , also contributed to social security for 27 years. My wife was a nurse and gets social security. With repeal of WEP, do i need to apply for spousal benefits?
Hello, i went on line to see if my PERS would effect my SS and the calculator said no. I had about 34 years of paying into SS so my benefits would not be reduced. How reliable are the SS calculators ?
I sold an investment house and was shocked to get a letter from the Social Security office that my monthly benefit amount would be reduced because the capital gains from the sale of the house increased my adjusted gross income! That is most unfair! Was there something I could have done to prevent my Social Security from being reduced?
😢incredible!
How much does a pension reduce one’s Social Security calculations? Say a $591 state gov pension, only getting $1563 now Social Security.
I'm 66 just retired last year. With economy and property taxes going up. I will have to rent a room to pay property taxes and high utilities. Will that affect my SSA. Thank you for all your help and advise.
What did you rent a room? Ask for cash. Use extra funds for necessities. Have a cash only garage sale! I'm just saying that the government will always want your money.😅
Does earned income include investment income such as dividends and interest?
My CA job took SSI from my check the 15 years I worked there. If I retire at full retirement, I won’t get my SSI?
Great info!!!
My pension had a Deffered Retirement Option Payment (DROP). This allows you to retire, and they reinvest those payments back into the pension. Then, your monthly pension payment gets reinvested by the pension. Once you actually leave the company, you can withdraw those funds and just pay federal taxes. Do these DROP payouts count towards your IRMA taxes?
invested back into the pension
Turned 62 in october 24 applied in August for ss. Because im currently working they said my first check 2150 won’t hit till end Feb ? Why . Im not over the 24000 this year or next. Thanks in advance. Great info.
Good question. Did you ask them?
I'm 66 retired military, 16 years with the railroad and also retired. Now I have a friend who said that that social security owned him some kind of benefit and he received a check for $150.000.00 Now I don't know what list he saw but he mentioned my name was on the list and that I had to call this "agent" to collect. Instant scam! I tried to look up this scam but can't find it. I asked him if he actually received the check and yes he did. Did he get scammed?
Yes, he got scammed!
What would happen if I inherit what’s left of a pension?
I do collect a Police pension inNJ that did not pay into Social Security.
But I also have maintained a second job and have been paying into Social Security for 37 years now and have accumulated 40 credits or quarters whichever they call it and was told that the windfall elimination provision will not affect me then .
Am I correct or am I not?
Do all state and federal employees get a higher % of their paid-in Social Security? Or only those that have a non-reported pension?
I never heard you discuss RR Retirement.
Trying to calculate my spousal benefit. Spouse waited until age 70 to collect his. His benefits are reduced due to WEP. I do not have a pension of my own, so no government offset will apply to me. Where can we find the correct amount to calculate my 50% at my FRA of 66 and 10 months? Thank you.
I’m retired airlines retired just before the merger after merger guys who retire are getting a SS offset on there pension! The windfall will that correct that?
I retired at age 62 and Im collecting my pension and SSA. I moved out of the country for part of the year. I am divorced. I will turn 65 next year in April. How does Medicare Part B work and do I need to sign up for a supplemental Medicare program What do you advice?
I had a small IRA from my work in education that I had to pay a windfall on about 10 years ago , it will be ending next year. Will it make a difference in the amount of Social Security I receive going forward?
Hi Dr. Ed
Can Pension and SSI Widow’s .
Worked at Government for 20 years.
I want early 58 years old
I am 64.5, my husband died 4 yrs ago and I receive his firefighter pension. I work as a school bus driver earning under 20k per year. Can I collect Soc Security at 65 and still work?
I heard that you should get an advantage plan or a supplement one or the other is good and the other ones is bad. Can you elaborate on that?
I’m collecting Social Security. I work for a school district and I am Investing in the TRA program. It’s the teachers retirement fund. I am not a teacher, I work in the transportation department. I am a monitor on a school bus for special needs kids. Will that affect my Social Security payment?
a TRS while I’m working. Will this affect Social Security?
I paid into social security all my life. I will get a 2% increase (based on older people I know) every year which doesn’t even begin to cover what I could make in the market. With that - I should GET what is mine that I put in. Just because I have a pension should not change my SS
If losing an Advantage plan because of moving to another state, can I be disqualified for supplemental insurance in the new state of residence because of pre-existing conditions?
For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D), please call my Medicare partner, Chapter Advisory, at (352) 841-0632. They will review ALL the plans in your area and go over ALL your options.
Might depend about the state. MA seemed to allow you to switch without underwriting.
I am a retired federal employee Worked for DOD as a civilian for 21 yrs I have federal Bc/Bs health Insursnce I have Medicare part A but don’t have part B Is there any Insurance that I can get to supplement my Bc/Bs ?
When you say you make over the amount and they keep one dollar out of the two dollars you make will you get that money back or they’re holding it forever?
Hello, Doctor Ed. Hope you're having a good day. I am 67 years old. Turning 68 this month and I have been on social security disability since 1997. Would you please tell me what category That I'm in.😊
Please join one of my FREE LIVE UA-cam Q&A sessions so I can give you a more complete and accurate and answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
Hi Ed, my ex is receiving half of my teachers pension. Why does he get full SS benifits and I get WEP deducted on mine?
Hi. Thank you for the info. My husband turns 62 next year. If he takes SS and still works can we reduce his earned income by contributing to a 403b to meet the $22,320 max and not run into any issues? Thanks.
Hi Dr. Ed, I was a self employed person and I worked for 25 years as owner operator . My last 15 years working with $200k a year income. I recently retired in March 2024 and my monthly payment is paid thru my wife pension board because she worked as a goverment employee. It is my believe that is too low what i am receiving. My question is “Why I receiving pension from the government when I never worked for them but my wife Yes and she retired before me ?
Hello! Been watching a few months, a wealth of info, thank you! I receive a percentage of my ex husbands military retirement, and am remarried, does this affect my social security?
Not at all.
I have a pension from another state Law enforcement.
I live in Florida.
Paid into FICA all 20years I’m 65 now.
2025 in November will be my full retirement for benefit payments from Social security.
Will my S. S. Benefits payments interfere with my pension?
Can we still ask a question?
What if you are living outside the country are you penalized? If you do not pay for Medicare part B
If I stop working Dec 2024 with work related benefits that will stop. When I start Medicare part B, I heard you say previously we must stop HSA 6 months prior to having part B (just heard that). What happens now if I haven’t stopped my HSA until Oct
And not taking SS until age 70
I don't know if Dr Weir comes back to answer questions on past posts after the live vid ends. I'm not expert but I THINK you have to stop HSA 6 months prior to starting Medicare.. You may want to subscribe and get notified of next live vid and re-ask this question during that video.
@@tbarc1 thought I was in the live event lol
The Social Security benefits and the pensions should be two separate entities. They shouldn't deduct anything you've earned in your pension because you're on Social Security. You paid equally in both of them.
@@bethh4271 I 100% understand as I've done the same. His vids like this fairly well all start at 5pm for me and even though I have notifications, I'm still late to most. He is the best for honest, accurate info...and I'm betting he has a past vid devoted to HSA. If you can't catch a live, put HSA in the search and you very well may find definite answer.
i draw disability and it was reduced because of i was going to draw a pension check from my union im so confused
Who can I call to get more information about spouse bennifets bennifets. I don't do websites.
My husband was 68 when he died I was 59 & disabled. The specialist told me I wasn't old enough to get Windows benefits & she didn't explain anything to me so 5 years has passed & I'm on disability & trying to wait till I'm 67 to get his benefit. Am I doing the right thing? And I am born in 1960 & worried about this 13% decrease of his benefit. So I'm waiting 7 years & 8 months & now losing 13% of what his full benefit would be?I so its either windows benefits or wait till 67 for husband benefits not both is this correct? Can you clarify please. I am mentally ill & disables physically. I only get my disability right now.
What if you're 60 and your wife is 82 can you start survivors benefits or do you still have to wait till I am 62? And if I can. Can I hold off on receiving my benefits until 67?
I widrew my 401 k to buy a house in 2023 now my Medicare part b & d goes up how long would that increase last
I received a pension as a lump sum. I rolled it over into an IRA. What confuses me is I received a letter from Social Security saying I have a retirement benefit from a private employer. I guess they are informing me. 🤔
Same here out of the blue from mandatory 65 distribution. Dollar amount seemed to be after taxes taken out. Measly amount for 10 years service
Me and my wife was on ssi ,then my wife passed away so Iway getting death binifes, I'm going to be 67 in Jan does social security change me to social retirement auto matic.
What happens if I never signed up for part b or part d😢
If you never sign up for Medicare Part B or Part D when you are first eligible, you will likely face a late enrollment penalty when you do eventually enroll, meaning you will have to pay a higher monthly premium for as long as you are enrolled in Medicare; this penalty is typically calculated as a percentage increase based on how long you delayed enrollment, with Part B penalties being 10% per year of delayed enrollment and Part D penalties being 1% per month of delayed enrollment. I'M paying a penalty .
How many people receive the SS benefits?
I'll be retiring this coming April 2025, when can I start signing up for Medicare Part B and supplemental insurance...currently I have Medicare Part A and will turn 68 on April. I don't draw SS benefits yet...
Should tell the lady that the public pension penalty ENDS TODAY
If you take Windows benefits then its my understanding that you can't get spouses full retirement benefit unless you wait for your full retirement age is this correct so you have to choose one option or the other, except I was mislead by the specialist who told me I wasn't old enough at 59 but I was disabled & I've heard I should have been eligable.
The bill to extend gov funding has a 6% raise in it.
I will give an example: if I made 3K SS and take 2.5K of my pension which I rolled in an IRS each month. How do I get SSDI?
Sorry An IRA account so I am getting checks amounting 5.5K per month.
Sorry with those number I would have over 600K in my IRA. I retired at age 65
I'm getting ready for the state of az. I retired from the state of az with a pension a year + ago and receiveda pension from the county of Maricopa. I get the SS benefits form from them stating what I will receive when I retire.
Medicare: I have medical insurance and getting ready for Medicare original and would like to keep what I have. I know I'm getting Medicare a and b. The suplimental part do I need them and can request them later or the following year?
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
I have a small SERS retirement pension. My ex-husband has Social Security that I am entitled to when I retire. However, Social Security will take 2/3 of whatever I get from my ex-husband‘s retirement. I did work outside the school system here and there and I did pay in Social Security over the years but I don’t qualify for any of that Social Security back. How will I ever survive once I retire?
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
You can trade the pension for the Social Security benefit. The Social Security benefit will be much lower than the pension amount, but you can trade it.
Why would she do that?
@@catchristo9406 You need to ask her union. They told her to question double dipping and waste the citizens and government time.
I have left a message for your staff to call me regarding changes. No one has called me back to make an appointment when can I expect a phone call please?
Sorry to hear that! 100,000s will be losing their plans next year, so a lot of people need help. But we still have time, and we can't switch plans until Oct 15. Did you call this number? (352) 841-0632
SSDI THE SAME THE AS SSDIB? AND WITH MY VETERANS AFFAIRS THEY DO INDEED EFFECT MY DIB OR IS IT SSDI DIB? SSA on the phone called me today and I thought they cleared up a confusion but now I watch this video Im confused again.
Wait till the next fairness act. When they take pensions because so few have them. That’s not fair
I paid more into ssi while employed by public utility which had mandatory overtime,,,,,now my ssi is taxed 85% how is this fair? paycheck while working lower, retirement checks lower......slavery
My husband died at 68 I was 59 & disabled, the social security specialist told me I wasn't old enough to get Windows benefits. 5 years has gone by so I'm waiting until I turn 67 to get his retirement benefit is this the best way to proceed since the specialist mislead me stating I wasn't old enough on top is the rude I way she treated me
I think you should able to claim widows benefit at 60
Semper Fi !
I found for social security at 62 and now I am 66. How did that work? I'm still penalized. And I have a job. that does not pay.You're so social security
What is your
Fra?
How can I share your post
Those of us who retired from the military have a pension. I also have a 401K plan.
I have the same thing. Military Pension, 401k, and disability from the VA. Should I wait till 67 to draw SS. I want to retire from my private job at age 65 after 20 years but I see a loss of $400 a month if I take it then. I have worked a straight 46 years but I was thinking of waiting until 67 to draw it.
I'm turning 65 in 2025, I'm just trying to find out as much information as I can and how to navigate through this nightmare. Not looking forward to any of it!
For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D, etc), please call my Medicare partner, Chapter Medicare, at (352) 841-0632. They will review ALL the plans in your area and go over ALL your options.
The cola came out. 3.2 % is nothing. So where do they get these numbers because the politicians are not present in any of this. We only here about it, but the amount of the cola is low.. for 2024.
It's only 2.5% for 2025!!! 😢
@@vickiladu6755Then it really is nothing especially with a rise in Medicare not yet revealed.
Unfortunately, it's even smaller.
I'm curious what the cola should have been and how it should be calculated going forward
I believe it is only based on data from the third quarter of the year. This year those months were more favorable than the first six months of the year. In that way it seems to act more like a snapshot to predict next year rather than to make up for the past year.
Interpreting what I think you are saying is that if you are collecting SS and maybe a pension the government doesn’t penalize your SS payouts if you work and make around $22,000 or less?
Im receiving my military retirement and received my social security at 62. Social security is taxing the crap out of me and now that Im 65, medicare is taking 185.00 out of the check I do receive. Plus, Im paying taxes on said social security. How is this fair????
I tried to email you and it came back as not valid ? Do I need to call your office instead ?
For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D), please call my Medicare partner, Chapter Advisory, at (352) 841-0632. They will review ALL the plans in your area and go over ALL your options.
If you need help with Social Security, please join my FREE LIVE Q&A.
Thank you
What happens is you get laid off have UI but doctor says you should apply for Disability? I turned 65 in Feb this year was going to work another 5 years !
Hello I have pension from working 35 years in school as custodian.
I’m full retirement age 11/2/1957 🎉
I am working 30 hours week.
How do I come out ahead working.
I will make 23.000 yearly.
And my goal is not to work these hours just to pay 💰 taxes on it.
Guidance please. 🙏
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
To be clear. My IBEW pension counts as income if I take early SS? Say I start at 65 but FRA is 67.
It doesn't affect it
Since 2011
2012
Why don't we all stop paying SS taxes and only make rich people like Dr. Ed. pay.
The 3%. did not pay 6.2% FICA taxes on 100% of lifetime wages. Back in the day agreement was they avoided fica taxes to have those funds diverted to give them a larger personal pension benefit (both their and employer side contributions went to increasing their pension check size. ). They also knew their social security SS checks would be shorted as a consequence. Too bad the normal everyday worker (the other 97%) can’t avoid paying fica taxes to grow his/her own personal IRA/4o1K benefit (their weaker version of a pension)--And expect no reduced SS check consequences. . That would bankrupt social security. This only benefits the 3% who avoided paying fica taxes on 20-40 years of a non FICA paying pensioned job. Some with pensions paid BOTH fica all along and also contributed significant pay to their pensions. How is this fair to them?
It doesn't anymore!
28:11
I’m sure Billionaires take their reductions no problem. I can’t get a penny of mine. Nice savings and LOAN system. It’s my money I want it now.
Thank god Im no longer married.
Spousal SSI should be revoked unless they are stay at home for 10yrs at least..
They take all your money with this set you up.