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Today's column addresses whether Social Security benefits are lost or reduced due to not working, switching from retirement to spousal benefits, earning delayed retirement credits, spousal before retirement benefits as well as the earnings test on income earned while receiving benefits.
These benefits can, however, be lost due to Social Security's earnings test if you earn too much money.
So, if you and your wife and children all file when you reach age 62, everyone's benefits will be withheld each year until $1 of benefits is withheld for each $2 that you earn in excess of the earnings test exempt amount for that year.
That's more than the amount that the earnings test would require withholding if you earn $85,000, so filing at age 62 may still be something that you'd want to consider, depending on your personal preferences.
But this also means that if they are lost due to the earnings test, i.e., due to the surviving spouse earning too much money, they won't be increased in the future as in the case of retirement, spousal, and survivor benefits (benefits to widows/widowers who don't have a child of the deceased worker under 16 in their care).
Social Security recipients can earn as much as they like without being docked by this "earnings test" once they reach the "full" or "normal" retirement age of 66.
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The Norwalk, Conn.-based FDS, which has a market cap of $3 billion, passes several of my Zweig-based earnings tests.
Its EPS figures have increased from 78 cents to 98 cents to $1.15 to $1.43 to $1.64 over the past five years, passing another of this method's earnings tests.
As a result, law schools would still probably pass the debt-to-earnings test.
By restricting or revoking students' eligibility to qualify for federal student aid, it weeds out programs that fail the gainful employment rule's "debt-to-earnings" test: graduates' estimated annual loan payments must be lower than 20percentt of their discretionary income or eightpercentt of their annual income.
That passes this method's earnings persistence test.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com