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Valkyrie Riders Cruiser Club > General > General Board > SSI payments and working
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Wizzard
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Bald River Falls

Valparaiso IN
« Reply #40 on: January 24, 2023, 12:29:52 PM »
My thoughts exactly.
1 How are you exempt
2 How does making too much money have anything to do with the date you retire?
3. The more you make the bigger the average on your wages ( to a max amt)  and that makes a difference on your payback, not the date you retire.
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Skinhead
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J. A. B. O. A.

Troy, MI
« Reply #41 on: January 24, 2023, 06:14:02 PM »
If you wait until FRA (Full Retirement Age) to start receiving SS, you can earn as much as you'd like with out a reduction in benefit amount.  I believe this is what he is referring to. 
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Troy, MI
Serk
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Posts: 21802


Rowlett, TX
« Reply #42 on: January 24, 2023, 06:25:19 PM »
Quote from: f6gal on January 24, 2023, 11:14:52 AM
How are you exempt from SS taxes?

I don't know his specifics, but I know most public school teachers in Texas are exempt from Social Security (Paying and receiving)
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f6gal
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Surprise, AZ
« Reply #43 on: January 24, 2023, 06:57:05 PM »
Quote from: Serk on January 24, 2023, 06:25:19 PM
Quote from: f6gal on January 24, 2023, 11:14:52 AM
How are you exempt from SS taxes?

I don't know his specifics, but I know most public school teachers in Texas are exempt from Social Security (Paying and receiving)

There are a number of agencies where employees are exempt, bc they pay into a private pension system.  It didn't sound like that was what SPOFF meant.
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You can't do much about the length of your life, so focus on the width.
f6gal
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Surprise, AZ
« Reply #44 on: January 24, 2023, 07:04:30 PM »
Quote from: Skinhead on January 24, 2023, 06:14:02 PM
If you wait until FRA (Full Retirement Age) to start receiving SS, you can earn as much as you'd like with out a reduction in benefit amount.  I believe this is what he is referring to. 

Perhaps that's what he meant.  But that's being exempt from SS earnings limit, not SS taxes.
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You can't do much about the length of your life, so focus on the width.
RDAbull
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Posts: 1458


SW Ohio
« Reply #45 on: January 25, 2023, 09:55:45 AM »
I will be 73 at IZ this year.  Yes you can buy me a beer on my birthday.

I still work full time, well except for riding season.  I still love what I do.

I waited until 70 to take my fist SS check.  What the heck, a 32% bump in every check for the rest of my life.  Of course that is considering that congress dosen't have the balls to cut us old folks off at the knees. Running the numbers I will break even at 81.  If I die before that it will really piss me off.

I keep saying that if I'm lucky I will die at my desk.  Just not any time soon, I hope.
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Wizzard
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Bald River Falls

Valparaiso IN
« Reply #46 on: January 25, 2023, 10:06:12 AM »
yeah,, my break even is 83. I can handle that  cooldude
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Willow
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Excessive comfort breeds weakness. PttP

Olathe, KS


WWW
« Reply #47 on: January 25, 2023, 10:29:50 AM »
I went on time with SS.  My break even was 83.  Males in my line live to late seventies or early eighties.  It was a no brainer.
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