Real Answers for Life’s Money Challenges
I receive full disability from Social Security.
I am 64 and went out on disability at 48 years old.
(I was born in 1957.)
Is there a downside in trying to go back to an office job?
I believe I can work part time and earn less than $1,000 a month without disturbing my benefits.
Also, right now, I do not pay any income tax.
But I dont see much downside to what youre proposing.
it’s possible for you to find out more about the services the programs offered atchoosework.ssa.gov.
See if any of these options help you do that.
But you dont need to use Ticket to Works services to qualify for a trial work period.
Theres no limit on how much you’ve got the option to earn during these nine months.
Theres no middle ground here, though.
After that, it’s possible for you to work as much as you wantwithout impacting your Social Security.
You also wouldnt risk yourMedicare, since youll be 65 this year.
The tax part of the equation complicates things a bit.
We have a progressive tax system that gradually increases tax rates according to income.
Ultimately, its your call whether getting a job is worth owing a bit in taxes.
The point is, you dont have to worry about taxes eliminating the benefits of working.
Is Your Paycheck Not Going As Far As It Used To?
We get it.Everythingis more expensive than it used to be, but your paycheck hasnt kept up.
When money is tight,these resourceswill help nearly everyone.
Since you have options for working without risking your benefits, why not take advantage?
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
Send your tricky money questions to[email protected].
