Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

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Raymond E. Camp
Ontario, NY

You can earn any amount and not be affected by the Social Security earnings test once you reach full retirement age, or FRA, which is age 66 and 2 months if you were born in 1955 and will gradually increase to age 67 for people born in 1960 and later.

Once you reach FRA, there is no cap on how much you can earn and still receive your full Social Security benefit. The earnings limits are adjusted annually for national wage trends. In 2021, you lose $1 in benefits for every $2 earned over $18,960.

But whatever you earn is still taxed!

Apr 17, 2021 09:45 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

If the train leaves the station at 4PM going South at a certain MPH how soon will be the bar car be open?  

Apr 17, 2021 09:40 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

After 65?    Since the first day you took a paying job, the combined extortion from local, state, and federal taxes are more than half the money you "make". 

Apr 17, 2021 08:32 AM
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

Perhaps this question is better suited for a CPA forum rather than a real estate forum.

Apr 17, 2021 08:44 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

You may be confused. If you elect to enroll in Social Security early, you can only earn a certain (relatively low) amount before you run into an additional hefty tax on your Social Security earnings.

Personally, with Federal income tax, State income tax and the need to pay other income based tax, I only get to keep about 50% of my income, anyway.


Apr 17, 2021 09:03 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

If you read that on the Internet Will. IT MUST BE TRUE! 

Combined taxes, income, sales, gas, etc. are likely more than 50% but I have not separated taxes out to calculate the actual percentage.  I know where I stand on my tax returns.  

For what we are paying ... we are being robbed in terms of the return on investment.  Nuff Said.  I will step down from my soap box. 

Apr 17, 2021 08:35 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


I am not sure you are correct on this.  However, since I am not a CPA or a registered agent, if I were you I would check with your experts.  A

Apr 17, 2021 10:57 AM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Half?  That would mean they take less?  LOL

Apr 17, 2021 10:38 AM
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I think an attorney or CPA, that is familiar with your personal situation, would be a better source to ask. 

Apr 17, 2021 09:39 AM
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I have no idea, Will.  I'm parked and reading.

Apr 17, 2021 02:11 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I think you are referring to some IRS withholding regulations related to earnings after you start receiving your Social Security benefits. It's not that straightforward and 65 is not the magic number here.

Apr 17, 2021 10:34 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

We are the government and we take what we can get away with plus a little extra. Taxes go on even after death! They are here to help! And now we have Joey Crow for our bucks!

Apr 18, 2021 04:53 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Back in the 80's they told us that our generation would need to rely on other means for retirement, and I expect that when and if I do ever retire I will need another source of funds, or a choice place under a bridge.

Apr 18, 2021 01:51 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I don't think so but then again there I go thinkin' again

Apr 17, 2021 04:33 PM
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

Since a couple of Realtors mentioned it would be better to ask somewhere else regarding your question, I tend to disagree! Ask away Will Hamm , we all need to know the answer. Frankly, I have no idea but it wouldn't surprise me :(

Apr 17, 2021 09:56 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not true for my parents at all.  I have no idea I'm not 65 yet.

Apr 17, 2021 09:38 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

You don't cite your sources. 

Apr 17, 2021 09:12 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I do know there are many retirees on SS here in my piece of paradise who not only keep close tabs on their earning but those who hire them do also. The context was about earning limits and exceeding them would result in very costly consequunces. 
However, as has beem mentioned and more real today than everbefore with nearly 10 TRILLION in new spending the ways to rob the taxpayer will become mind boggeling.

Apr 18, 2021 08:35 AM
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA

I have found I pay less taxes as I'm older where I live in Georgia

Apr 18, 2021 11:01 AM