Reduction of Retirement Benefits? Former SSA Manager EXPLAINS | PLUS FREE LIVE Q&A with Dr. Ed

[@MyGovExpert]

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[@masterlee4370]

I just wanted to say how you do a great job of reading between the lines and filling in the blanks with some of these questions you get. It simply amazes me. Great Job!

[@MyGovExpert]

I appreciate that!

[@robinlynch9199]

Hi Dr Ed, I want to thank you for all of the videos that you post. I had put out a question to you yesterday, but continued looking until I found this one! Thanks! This particular video answers one of my specific questions regarding a small pension that I started receiving when I turned 70. I didn’t even know that I had anything coming to me until the company that I worked for over 30 years ago gave me a call and let me know. So happy that it will not affect my SS!

[@Earthtime3978]

I have a small state pension. The SS website shows income for those years worked. But I thought everyone who got these government pensions was getting offset funds returned. I don’t entirely understand this fairness act bill.

[@edwardedwards80]

Thank you Dr. Ed for the knowledge and wisdom and understanding. I will be calling your office when it's time for me to file for Medicare and social security. Thank you again for all you do.

[@LatinViolet]

Thank you for all the work you and your staff do. You are appreciated!

[@Honestandtruth007]

Thank you for your service and Advice Mr Ed 👍

[@gracely77]

They should not make Medicare Social Security complicated and confusing. A lot of us seniors don’t understand a lot of these. We are older now. We have worked all of our lives. We should just be resting and enjoying what’s left of our years in this world.

[@chuckiemeister]

❤✅️

[@regophil]

🙏 Thanks!

[@teresajones5973]

Thank you for doing this video. I have a pension, and also have enough points to collect SS now. Since I’m working Pt I’m still giving SS a few more years to grow since I’ll be penalized. This really seems like a punch in the gut to me. I worked hard when younger and still working to have a good retirement, but Gov is saying to me….’oh let’s not let you have too much money to survive during retirement, so let’s take away some!’

[@MyGovExpert]

Please join one of my FREE LIVE KZbin Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert

[@renatal1972]

I’ve worked for the county for 27.5 years so far, I’m one of the lucky ones that has a pension still. I am 52 years old, and plan on retiring in March 2026 with 28.9 months of work. I am so glad that my social security income will not be affected. I have paid into social security since I was 15 years old. And pay almost $1200 a month towards my pension every month.

[@MissDemeanorOG]

You are so generous w your knowledge thank u.

[@MyGovExpert]

My pleasure

[@AlanFuller-i6s]

I was told by Social Security that I would not have to worry about WEP since I worked over 35 years full time and contributed to social security. At age 55 I took a city job that I didn’t contribute social security . After 10 years I qualify for a small pension . I was told that I paid into SS or so long that I don’t qualify for WEP . Is this correct?

[@LisaMGordon]

I am grateful for this education

[@Lgca26]

Very important information, thank for addressing our concerns

[@MyGovExpert]

Glad it was helpful!

[@CA-GRANNY]

I'm 66 just retired last year. With economy and property taxes going up. I will have to rent a room to pay property taxes and high utilities. Will that affect my SSA. Thank you for all your help and advise.

[@janetc2463]

Hi Dr. Ed, I was a union bricklayer and have 4 different union pensions because I worked all across the country. I am 62 years old and was thinking of starting my social security at 63 years. Should I wait ?

[@factchecker1980]

Depends upon a lot of factors including whether you are working too.

[@felipevasquez5913]

Hello, i went on line to see if my PERS would effect my SS and the calculator said no. I had about 34 years of paying into SS so my benefits would not be reduced. How reliable are the SS calculators ?

[@MikeVehonsky]

I enjoy your videos with their real-life examples and solid answers. I wonder if some people think the 13% reduction you talk about is additional or coming in the future. Correct me if I'm wrong, but it's been known for years (1983) and has already been baked into any SS benefit estimate you get. Sure I'd like more $$, but it is what it is and no point lamenting what it could have been and causing unneeded angst in folks.

[@MyGovExpert]

I agree. However, politicians are talking about doing it again, so I think it's important to make people aware of all the repercussions.

[@mlou7432]

I have a small SERS retirement pension. My ex-husband has Social Security that I am entitled to when I retire. However, Social Security will take 2/3 of whatever I get from my ex-husband‘s retirement. I did work outside the school system here and there and I did pay in Social Security over the years but I don’t qualify for any of that Social Security back. How will I ever survive once I retire?

[@MyGovExpert]

Please join one of my LIVE FREE KZbin Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert

You can trade the pension for the Social Security benefit. The Social Security benefit will be much lower than the pension amount, but you can trade it.

[@catchristo9406]

Why would she do that?

@@catchristo9406 You need to ask her union. They told her to question double dipping and waste the citizens and government time.

[@lenorelopez748]

Thank you kind sir!

[@MyGovExpert]

Very welcome!

[@nancyn5324]

Im receiving my military retirement and received my social security at 62. Social security is taxing the crap out of me and now that Im 65, medicare is taking 185.00 out of the check I do receive. Plus, Im paying taxes on said social security. How is this fair????

[@maryw4444]

I sold an investment house and was shocked to get a letter from the Social Security office that my monthly benefit amount would be reduced because the capital gains from the sale of the house increased my adjusted gross income! That is most unfair! Was there something I could have done to prevent my Social Security from being reduced?

[@samgonzalez6859]

My pension had a Deffered Retirement Option Payment (DROP). This allows you to retire, and they reinvest those payments back into the pension. Then, your monthly pension payment gets reinvested by the pension. Once you actually leave the company, you can withdraw those funds and just pay federal taxes. Do these DROP payouts count towards your IRMA taxes? invested back into the pension

[@EDrmmer]

Do all state and federal employees get a higher % of their paid-in Social Security? Or only those that have a non-reported pension?

[@NadineJohnson-y5b]

I heard that you should get an advantage plan or a supplement one or the other is good and the other ones is bad. Can you elaborate on that?

[@rblue6295]

Turned 62 in october 24 applied in August for ss. Because im currently working they said my first check 2150 won’t hit till end Feb ? Why . Im not over the 24000 this year or next. Thanks in advance. Great info.

[@catchristo9406]

Good question. Did you ask them?

[@TrishaRico]

Hi. Thank you for the info. My husband turns 62 next year. If he takes SS and still works can we reduce his earned income by contributing to a 403b to meet the $22,320 max and not run into any issues? Thanks.

[@Oldmanriding222]

I do collect a Police pension inNJ that did not pay into Social Security. But I also have maintained a second job and have been paying into Social Security for 37 years now and have accumulated 40 credits or quarters whichever they call it and was told that the windfall elimination provision will not affect me then . Am I correct or am I not?

[@HollyToll]

Trying to calculate my spousal benefit. Spouse waited until age 70 to collect his. His benefits are reduced due to WEP. I do not have a pension of my own, so no government offset will apply to me. Where can we find the correct amount to calculate my 50% at my FRA of 66 and 10 months? Thank you.

[@wayne8939]

What happens if I never signed up for part b or part d😢

[@herejustbecause9107]

Hello! Been watching a few months, a wealth of info, thank you! I receive a percentage of my ex husbands military retirement, and am remarried, does this affect my social security?

[@MyGovExpert]

Not at all.

[@hybriddriver51]

I had a small IRA from my work in education that I had to pay a windfall on about 10 years ago , it will be ending next year. Will it make a difference in the amount of Social Security I receive going forward?

[@gregslady5457]

Who can I call to get more information about spouse bennifets bennifets. I don't do websites.

[@margiemurphy3336]

I am a retired federal employee Worked for DOD as a civilian for 21 yrs I have federal Bc/Bs health Insursnce I have Medicare part A but don’t have part B Is there any Insurance that I can get to supplement my Bc/Bs ?

[@vivianholmes6215]

I retired at age 62 and Im collecting my pension and SSA. I moved out of the country for part of the year. I am divorced. I will turn 65 next year in April. How does Medicare Part B work and do I need to sign up for a supplemental Medicare program What do you advice?

[@cynthiasmith5283]

If losing an Advantage plan because of moving to another state, can I be disqualified for supplemental insurance in the new state of residence because of pre-existing conditions?

[@MyGovExpert]

For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D), please call my Medicare partner, Chapter Advisory, at [phone]. They will review ALL the plans in your area and go over ALL your options.

[@andreal2625]

Might depend about the state. MA seemed to allow you to switch without underwriting.

[@aldotruden3057]

I’m collecting Social Security. I work for a school district and I am Investing in the TRA program. It’s the teachers retirement fund. I am not a teacher, I work in the transportation department. I am a monitor on a school bus for special needs kids. Will that affect my Social Security payment? a TRS while I’m working. Will this affect Social Security?

[@bethh4271]

If I stop working Dec 2024 with work related benefits that will stop. When I start Medicare part B, I heard you say previously we must stop HSA 6 months prior to having part B (just heard that). What happens now if I haven’t stopped my HSA until Oct

[@bethh4271]

And not taking SS until age 70

[@tbarc1]

I don't know if Dr Weir comes back to answer questions on past posts after the live vid ends. I'm not expert but I THINK you have to stop HSA 6 months prior to starting Medicare.. You may want to subscribe and get notified of next live vid and re-ask this question during that video.

[@bethh4271]

@@tbarc1 thought I was in the live event lol

[@mw3516405]

The Social Security benefits and the pensions should be two separate entities. They shouldn't deduct anything you've earned in your pension because you're on Social Security. You paid equally in both of them.

[@tbarc1]

@@bethh4271 I 100% understand as I've done the same. His vids like this fairly well all start at 5pm for me and even though I have notifications, I'm still late to most. He is the best for honest, accurate info...and I'm betting he has a past vid devoted to HSA. If you can't catch a live, put HSA in the search and you very well may find definite answer.

[@genegernalin9845]

I'll be retiring this coming April 2025, when can I start signing up for Medicare Part B and supplemental insurance...currently I have Medicare Part A and will turn 68 on April. I don't draw SS benefits yet...

[@kathleenaspinwall7827]

Hello, Doctor Ed. Hope you're having a good day. I am 67 years old. Turning 68 this month and I have been on social security disability since 1997. Would you please tell me what category That I'm in.😊

[@MyGovExpert]

Please join one of my FREE LIVE KZbin Q&A sessions so I can give you a more complete and accurate and answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert

[@susies8140]

Hi Ed, my ex is receiving half of my teachers pension. Why does he get full SS benifits and I get WEP deducted on mine?

[@rosemarybanner]

Great info!!!

[@briankeithallen7187]

When you say you make over the amount and they keep one dollar out of the two dollars you make will you get that money back or they’re holding it forever?

[@petermitchel]

What if you're 60 and your wife is 82 can you start survivors benefits or do you still have to wait till I am 62? And if I can. Can I hold off on receiving my benefits until 67?

[@marybethmartin1476]

I'm getting ready for the state of az. I retired from the state of az with a pension a year + ago and receiveda pension from the county of Maricopa. I get the SS benefits form from them stating what I will receive when I retire. Medicare: I have medical insurance and getting ready for Medicare original and would like to keep what I have. I know I'm getting Medicare a and b. The suplimental part do I need them and can request them later or the following year?

[@MyGovExpert]

Please join one of my LIVE FREE KZbin Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert

[@saffrondishong7056]

I have left a message for your staff to call me regarding changes. No one has called me back to make an appointment when can I expect a phone call please?

[@MyGovExpert]

Sorry to hear that! 100,000s will be losing their plans next year, so a lot of people need help. But we still have time, and we can't switch plans until Oct 15. Did you call this number? [phone]

[@GuiadeenDindyal]

I widrew my 401 k to buy a house in 2023 now my Medicare part b & d goes up how long would that increase last

[@L.h314]

How many people receive the SS benefits?

[@douglaspaslay1008]

Me and my wife was on ssi ,then my wife passed away so Iway getting death binifes, I'm going to be 67 in Jan does social security change me to social retirement auto matic.

[@janiswilliams3732]

Can we still ask a question? What if you are living outside the country are you penalized? If you do not pay for Medicare part B

[@bobNMIwade7116mrrm]

SSDI THE SAME THE AS SSDIB? AND WITH MY VETERANS AFFAIRS THEY DO INDEED EFFECT MY DIB OR IS IT SSDI DIB? SSA on the phone called me today and I thought they cleared up a confusion but now I watch this video Im confused again.

[@cmo_rocks]

Spousal SSI should be revoked unless they are stay at home for 10yrs at least..

[@jackieholst7094]

How can I share your post

[@windiwilliams4383]

I will give an example: if I made 3K SS and take 2.5K of my pension which I rolled in an IRS each month. How do I get SSDI?

[@windiwilliams4383]

Sorry An IRA account so I am getting checks amounting 5.5K per month.

[@windiwilliams4383]

Sorry with those number I would have over 600K in my IRA. I retired at age 65

[@whami]

I paid more into ssi while employed by public utility which had mandatory overtime,,,,,now my ssi is taxed 85% how is this fair? paycheck while working lower, retirement checks lower......slavery

[@petemorton8403]

The bill to extend gov funding has a 6% raise in it.

[@MelanieReed-oz3wz]

I received a pension as a lump sum. I rolled it over into an IRA. What confuses me is I received a letter from Social Security saying I have a retirement benefit from a private employer. I guess they are informing me. 🤔

[@dosbaggos5575]

Same here out of the blue from mandatory 65 distribution. Dollar amount seemed to be after taxes taken out. Measly amount for 10 years service

[@Rmmlom]

The cola came out. 3.2 % is nothing. So where do they get these numbers because the politicians are not present in any of this. We only here about it, but the amount of the cola is low.. for 2024.

[@vickiladu6755]

It's only 2.5% for 2025!!! 😢

[@johnhix484]

@@vickiladu6755Then it really is nothing especially with a rise in Medicare not yet revealed.

[@CM-sm2pk]

Unfortunately, it's even smaller.

[@donaldlee6760]

I'm curious what the cola should have been and how it should be calculated going forward

[@rebeccaoliver7977]

I believe it is only based on data from the third quarter of the year. This year those months were more favorable than the first six months of the year. In that way it seems to act more like a snapshot to predict next year rather than to make up for the past year.

[@timkinney9690]

Those of us who retired from the military have a pension. I also have a 401K plan.

[@Honeybee-Hedgehog-Designs]

I tried to email you and it came back as not valid ? Do I need to call your office instead ?

[@MyGovExpert]

For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D), please call my Medicare partner, Chapter Advisory, at [phone]. They will review ALL the plans in your area and go over ALL your options. If you need help with Social Security, please join my FREE LIVE Q&A.

[@Honeybee-Hedgehog-Designs]

Thank you

[@Honeybee-Hedgehog-Designs]

What happens is you get laid off have UI but doctor says you should apply for Disability? I turned 65 in Feb this year was going to work another 5 years !

[@dianahooper1537]

Hello I have pension from working 35 years in school as custodian. I’m full retirement age 11/2/1957 🎉 I am working 30 hours week. How do I come out ahead working. I will make 23.000 yearly. And my goal is not to work these hours just to pay 💰 taxes on it. Guidance please. 🙏

[@MyGovExpert]

Please join one of my LIVE FREE KZbin Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert

[@daveshaler3389]

Why don't we all stop paying SS taxes and only make rich people like Dr. Ed. pay.

[@bobNMIwade7116mrrm]

Since 2011 2012

[@robm3063]

To be clear. My IBEW pension counts as income if I take early SS? Say I start at 65 but FRA is 67.

[@gregslady5457]

I'm turning 65 in 2025, I'm just trying to find out as much information as I can and how to navigate through this nightmare. Not looking forward to any of it!

[@MyGovExpert]

For FREE HELP with Medicare plans (Medicare Supplements, Medicare Advantage, Part D, etc), please call my Medicare partner, Chapter Medicare, at [phone]. They will review ALL the plans in your area and go over ALL your options.

[@teresaguerrero3751]

It doesn't affect it

[@billb9854]

I’m sure Billionaires take their reductions no problem. I can’t get a penny of mine. Nice savings and LOAN system. It’s my money I want it now.

[@bobNMIwade7116mrrm]

Thank god Im no longer married.

[@candicosens8178]

They take all your money with this set you up.

[@Crazy4dady]

Case Study Joe, Date Of Bird :17 July 1966 Fill Retire Age 67 with Monthly Social Security: $3768 monthly Maria My Wife, Date Of Bird :15 August 1964 Fill Retire Age 67 with Monthly Social Security: $3362 monthly If we stop working today. Maria, My Wife 1. Can my Wife take my social security at the age 62? How Much will be Monthly SS 2. Later My wife will take her social security at Full Retire Age of 67? How much will Ss monthly Joe 3. Can I take my social security at the age 62 from my wife side? How Much will be Monthly SS 4. Later I will be taking my social security at Full Retire Age 67 ? How much will SS monthly If possible, take each other SS and wait until you SS full retire age.

[@MyGovExpert]

Please join one of my FREE LIVE KZbin Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert

[@NealMitchell-v2f]

Social Security would never go broke or look as though it would go broke if the wealthy had conscious or honor.

[@Bills_Bicycle_Rides]

You don't really clear things up here, bud, sorry...

[@ClubGGPoker-w3w]

A 55 minute video? Dude, you lose me after five minutes so why don’t you try making your videos more succinct and less than eight minutes. Just trying to help you out.

[@chuckiemeister]

Too much talking.Get to the point you're wasting too much time