Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

These 6 Things Will Cut Down Your Social Security Payments

March 23, 2023 · Personal Finance
social security
Photo by Ground Picture from Shutterstock

1. Returning to work after you retired

With this horrible inflation going on, if you’re a fresh retiree, you know how hard it’s been in the past year. These huge prices and taxes have made our lives less easy than before! As a result, many seniors have returned to the workforce. But there is a catch with this! Despite the fact that some advantages are obvious, you will encounter some challenges with Social Security benefits.

In this situation, it is assumed that your income has increased significantly to the point where you no longer require Social Security payments to support your standard of living. If the Social Security Administration concludes that you are engaged in substantial gainful activity and you make more than $1,090 per month, your benefits may be reduced or terminated entirely.

Before you make the decision to return to work, weigh what matters most to you and see if it’s worth it!

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump’s Tariffs
  • protect your wallet from inflation 6 Bills That Changed After Trump Returned to Office
  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!
  • social security, income 7 Social Security Benefits That Will Change SOON

Related Articles

christmas on a budget

Christmas on a Budget: 5 Ways to Keep Your Wallet Jolly

Here are our best tips and tricks on how you can do Christmas on a…

Read More →
PayPal

7 PayPal Scams You Could Be Tricked Into

Digital payment systems such as PayPal have become more popular than ever. Even so, they…

Read More →
budget

How to Create a Budget for Anything in 6 Easy Steps

Creating a budget has never been an easy task, and sometimes it might become a…

Read More →
moving

You Need to Know About These 8 Fantastic Low-Income Moving Assistance Programs

When was the last time you moved? Moving can easily become a stressful experience for…

Read More →
consumer stocks, reduce credit card depression

7 Consumer Stocks That Do Best During Inflation

According to the US Bureau of Labor Statistics, inflation in the United States reached a…

Read More →
protect your wallet from inflation

Don’t Let Inflation Drain Your Wallet – Follow These 9 Tips!

Do you know how to protect your wallet from inflation? After the COVID-19 pandemic, it…

Read More →
email scam

7 Citibank Scams to AVOID at All Costs

Do cybercriminals have the possibility to access your Citibank account? Yes, they can target your…

Read More →
Recession

A Recession Is Upon Us! Here Are 8 Things You Don’t Know About Them!

IS A Recession Upon Us? Two consecutive quarters of negative market value readings have sparked…

Read More →
inheritance mistakes

Inheritance 101: Mistakes You Must Avoid

Very few people are prepared to receive an inheritance. Most people don’t know what to…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2025 The Money Place. All rights reserved.