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Your email address will not be published.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

  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!
  • social security, income 7 Social Security Benefits That Will Change SOON
  • Risks, Emergency Fund New Bill Could Send $600 Tariff Rebates to Millions (See If You Qualify!)
  • credit card Medical Debt Relief: States That Act vs. States That Don’t
  • Debt Free Lifestyle Habit 10 Best Debt Relief Programs for Seniors

Related Articles

finance advice

15 Finance Rules That Worked for Baby Boomers but They Don’t Apply Today

The money advice you can skip: 15 financial tips to rethink It’s always smart to…

Read More →
A senior citizen sits at a desk, reviewing paperwork and ignoring a ringing phone, with a computer displaying a secure website.

7 Common Financial Scams Targeting Seniors and How to Avoid Them

Understanding Why Scammers Focus on Seniors It can feel frustrating and even a little personal…

Read More →
will

11 Essential Steps To Craft a Strong Estate Plan

Secure Your Future: Key Considerations for Creating an Estate Plan The idea of writing a…

Read More →
work

Here Are 10 Places Where You Can Work in Retirement

Where Can You Work in Retirement? So many people keep working in retirement just because…

Read More →
prepare for a recession

6 Essential Steps to Prepare for a Recession!

Nowadays, with the rise of inflation and overall financial instability, it might be a good…

Read More →
A woman smiles while holding a check, surrounded by old paperwork and photographs.

Are You Leaving Money on the Table? Unclaimed Pensions and How to Find Yours

What Exactly Is an Unclaimed Pension? Before we dive into the search, it helps to…

Read More →
trip

6 Ways to Save $1,000 on Your Next Trip

How to Save $1,000 on Your Trip: You probably feel eager for your next holiday,…

Read More →
pool

Pool Regret Is Real! 7 Reasons Not to Invest in One

Do not fall prey to pool regret! Avoid making the mistake of getting one! Pool…

Read More →
credit card

Medical Debt Relief: States That Act vs. States That Don’t

What “medical-debt relief” looks like in practice “Medical-debt relief” is a catchall term for several…

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.