Can you collect social security benefits while retired from the state of NC?
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Can a credit card company garnish your Social Security and state retirement benefits or freeze your USA bank checking account while living abroad?
All SS benefits are exempt from private creditor action (benefits may be garnished for back alimony, child support, unpaid federal taxes and amounts due other federal agencies) , most pension/retirement plans are also protected, although it is possible to garnish a portion of certain types. In re…gards to a bank account, if the account(s) are within the U.S. and are not held by a married couple in a state that recognizes TBE protection; the accounts could be subject to creditor levy if said creditor was awarded a lawsuit judgment. As an aside, any non-exempt property belonging to the debtor could be seized and liquidated or if real property be subjected to a lien(s)and possibly a forced sale. The debtor/defendant does not have to present in the U.S. to have a creditor lawsuit initiated and ruled upon, the defendant can have a default judgment entered against him if the plaintiff prevails. It is important to note that once a Social Security payment has been deposited into a bank account (either by check or direct deposit) it is no longer protected. ( Full Answer )
Social Security retirement benefits became taxable during the Carter administration at the same time Unemployment benefits were made taxable (also under the Carter administration).
yes. as long as you contribute into the plan, anyone regardless of his/her immigration status is entitled to receive the benefit for which has contributed.
Can I collect social security disability benefits and Florida State disability benefits at the same time?
Florida does not have state disability benefits. You can get private disability coverage in Florida. Check your policy to see the integration language relating to social security disability. You can collect on both policies at the same time, however the private policies will offset the benefit t…o a varying degree. ( Full Answer )
Can you collect unemployment benefits in New York state if you worked full time but also collected social security?
My question is that I was laid off and currently collecting unemployment benefits. I am also collecting benefits as a widow for my late husband's benefits. Can I do this?
Can a person over the age of 65 who has been drawing Social Security while working collect both unemployment and Social Security benefits if the person is laid off?
According to the Social Security Administration, each state makes its own rules with regard to paying unemployment compensation to laid-off Social Security recipients. In most cases, the answer is yes, you are eligible to receive unemployment benefits while drawing Social Security, but your benefits… may be reduced or offset by a portion of your Social Security check. Receipt of any type of Social Security benefit must be reported to your state's Department of Labor Unemployment Compensation Service at the time you apply for unemployment compensation. Contact your local unemployment office for more specific information. ( Full Answer )
If a person works past retirement age and collects social security while they work do they continue to pay into social security and medicare?
Yes, and their benefit can get higher as time goes on, because it is based on their highest 35 years of earnings, put in today's dollars.
Can you collect state unemployment benefits and social security widows benefits in New York at the the same time?
US Social Security benefits would have no effect on your ability to collect NY State unemployment benefits. They are two entirely separate programs and one does not preclude the other.
Will you have to pay taxes if you collect Social Security benefits and state disability at the same time?
The answer depends on your total household income and your state of residence. If you are single and receive $25,000 per year or more in taxable income, or $32,000 for a couple filing jointly, you may have to pay federal tax on a portion of your benefits. Currently, fourteen of the 50 states also… apply some form of tax to these benefits if your total income exceeds a certain threshold. ( Full Answer )
The Annual Earnings Test for 2011 hasn't been released yet, but budget projections indicate there may be no change from 2010. For the 2010 tax year, the answer depends on your age and whether you're drawing Social Security benefits for retirement or disability. Retirement If you've reached ful…l retirement age (65 for people born prior to 1943; 66 for people born between 1943 and 1954), there is no limit to how much you can earn. In the year you reach full retirement age, you can earn $37,680 annually, but for every $3.00 over the limit, $1.00 is withheld from your benefits until the month your reach full retirement age. If you are under full retirement age, you can earn $14,160 per year without incurring a penalty. For every $2.00 over the limit, $1.00 is withheld from benefits. Disability People on disability can earn up to $1,000 per month ($12,000 per year) for most disabilities, or $1,640 per month ($19,680 per year) for anyone legally blind. Earning more than these limits would be considered engaging in Substantial Gainful Activity (SGA), would trigger a continuing disability review, and likely result in an end to the person's disability status with Social Security. If a disabled person attempts to return to work, SSDI allows a nine-month, non-consecutive trial work period during which there is no income limit, and no penalty for "excessive" earnings. Any month a disabled person earns more than $720.00 is counted toward the nine-month trial work period, however. ( Full Answer )
No. If you are really retiring, it would mean you are not looking for full time employment, which is a key part of one's being eligible for unemployment benefits. Merely not being qualified for any other program does not entitle you to the benefits, unfortunately.
Well since I am not a pensioner, i really don't know! Why don't you ask someone that works at a bank?!
If you have accumulated enough work credits (typically 40) the earliest you can collect Social Security retirement benefits is 62 . At that age, your monthly payment would be about 75% of the amount you would receive by waiting to retire at SSA's full retirement age. Full retirement age: . …Born before 1943...................65 . Born between 1943-1954........66 . Born in 1955.........................66 + 2 months . Born in 1956.........................66 + 4 months . Born in 1957.........................66 + 6 months . Born in 1958.........................66 + 8 months . Born in 1959.........................66 + 10 months . Born in 1960 or later...............67 You can receive Social Security disability benefits at any age if you have sufficient work credits (on your own or a spouse's work record, or on a parent's work record if disabled before age 22) and SSA determines your condition prevents you from engaging in Substantial Gainful Activity (SGA). ( Full Answer )
If you have 40 or more quarters that you have paid into Social Security--you are eligible for Medicare AND can collect a PORTION of your SS. There is an offset because of your teacher pension.
Can you collect social security from PA paid while teaching there and Ohio teacher retirement money from teaching there?
Yes, you can. As you said, teachers in Ohio do NOT pay social security. Teachers in Pennsylvania DO pay social security. HOWEVER (and there is a big however), when you start to collect social security, you will take a hit from social security. This is called a Windfall Provision. Spousal benefits ar…e also affected.. With that said, PLEASE CONSULT YOUR ATTORNEY AND TAX ADVISOR. I am not an expert. ( Full Answer )
Legally, yes, but it may be a factor in whether you're approved for Social Security Disability (SSDI). While the Social Security Administration doesn't prohibit people on (SSDI) disability from receiving unemployment checks, state unemployment regulations usually require all unemployment recipien…ts to be willing and able to accept full-time work. This creates a conflict, because you're generally not eligible for Social Security disability benefits if you're capable of full-time work. For more information, see Related Questions, below. ( Full Answer )
Depending on the year you were born, there is no limit. From 2014on, you can only keep 41,400 dollars before they deduct one dollarfor every three dollars you earn above this amount.
I am collecting social security and I am gong to 67 in a few months what is the totlal amount of earnings I can earn with out penalty.
The state you live in will not impact your eligibility to receive Disability benefits from a Long-Term disability policy. Therefore, Yes you are able to collect Long-Term Disability (LTD) benefits while receiving Social Security (SS) benefits. To be more specific though, whether or not you actually… receive benefits from your LTD policy will have everything to do with the wording in the contract. If you have group coverage through work, then it is likely that any benefits you receive from Social Security will offset the benefits payable through your LTD plan dollar-for-dollar. In this situation, even though you are able to receive LTD from your company policy, you may not actually receive any from it if you are receiving Social Security benefits equivalent or higher than the monthly benefit it provides. The same consequences apply for Federal Government employees as through the FERS program. Additionally, if you own an individual policy that has Social Insurance offset benefits, then theses benefits will also be offset dollar-for-dollar. If you own an individual LTD policy that does not have Social Insurance benefits than you would be able to collect on Social Security benefits and 100% of the benefits provided through your LTD policy. This is actually one of the main reasons why individual LTD coverage is much better than group coverage. ( Full Answer )
Social Security is a federal program and the benefits are the same in every state.
Yes. As long as you qualify for each, they are unrelated programs that do not affect each other.
Yes. They are independent programs that do not affect each other so you can collect both at the same time.
Fourteen of the 50 states tax Social Security benefits (through 2010): Same rate as Federal Government . Minnesota . Nebraska . North Dakota . Rhode Island . Vermont . West Virginia Tax Social Security based on Total Income . Connecticut . Iowa (Phasing out tax levy from 2008-2014)… . Kansas (Only taxed if AGI is more than $75,000) . Missouri (Will complete phase-out in 2010) . Montana Adds Federally Untaxed Social Security Income back to AGI* . Colorado . New Mexico . Utah *These states apply broad age-determined income exclusions. ( Full Answer )
Yes. If you qualify for unemployment benefits in your state, you can also collect Social Security benefits as they are 2 separate and distinct programs that do not interfere with each other.
Yes, you can collect from them both at the same time, as long as you qualified for each of them. can you collect unemployment and social security
Yes, if you own a private Disability insurance policy , the guidelines and benefits are accounted for separately from Social Security benefits. A person can be eligible to receive both benefits. A private Disability policy can have two types of benefits: Base and Social Insurance benefit. Ba…se benefits are payable regardless of Social Security benefits. Social Insurance benefits will offset dollar-for-dollar with any Social Security benefits you are eligible for. You can revert to your original Disability insurance policy, or policy summary to determine whether you have base or Social insurance benefits. You can also contact the insurance company your policy was written through to confirm this information. ( Full Answer )
Does your employer still withhold Social Security if you are retired and collecting Social Security?
Yes. If you work after retirement, you will still have contributions to Social Security and Medicare (FICA) withheld from your paycheck at the same rate as before retirement.
Beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959. Go to the SSA gov web site and use the search box for FULL RETIREMENT AGE Click on the below Related link
If you receive pers retirement and apply for social security at age 66 will your social security benefits be penalized?
Yes you can choose to receive your monthly social security check in the mail if that is really what you want to do.
To collect unemployment you have to be actively seeking work and able to do the work. Receiving Social Security Disability implies you may not be able to either, so probably not.
The 4 states that will offset your unemployment benefits by some portion of your Social Security benefits are: Illinois, Louisiana, Utah, and Virginia. They can't change your Federal benefits, but they can adjust what they pay.
Can a non-citizen or non-citizen spouse who never resided in the United States or paid into Social Security collect Social Security benefits?
No. You need to be a citizen and also have a work history of paying into Social Security.
Yes, you can collect from them both at the same time, as long as you qualified for each of them.
An otherwise eligible convicted felon may receive Social Security disability or retirement benefits when he or she is not incarcerated for more than 30 days and has no outstanding warrants. Social Security will not pay cash benefits to anyone living in a prison, jail, nursing home or other tax-su…pported facility; however, if the person is eligible for retirement benefits under SSA guidelines, he or she may receive them after release. Payees are not entitled to back benefits for the time spent incarcerated. Yes, yes they can. ( Full Answer )
I was getting partial retirement benefit since 2010, but I did not get paid in 2011 from Sept 2011 to December 2011, they paid me 769. in the month of Jan 2012 after that they I am getting any payment since Feb 2012 till Dec. 2012, I am suppose to get 935. per month, they said I owed 10,560. if you …calculate 935. time 11 month total will be 10,285. it means I paid 10,285. if you add one more month the total will be 11,220.00 they should start to pay me Feb 2013 935. per month, but they said I owed more money, and they will start payment from July 2013 I am not agree with this unfair business,please help me to resolve this problem ASAP. ( Full Answer )
There are at least two important factors involved in increasing your Social Security benefits. The first is, earn as much money as you possibly can because the benefits you receive at retirement are tied directly to how much you paid into the system during your working years. The second is, vote.… Be aware that some politicians want to dismantle Social Security and reduce benefits because of the cost. Don't cast a vote for anyone who wants to eliminate important financial safety nets, and don't sit home on election day thinking your one vote doesn't count, because it does. It's also a good idea to learn as much as you can about saving and investing some of your take-home pay so that you're not entirely dependent on Social Security benefits when you retire. ( Full Answer )
No. You can collect both as long as you qualify for each of them. They're separate programs.
You can file as early as age 62, but your benefits will be reduced to about 75% of the amount you would receive if you file at full retirement age. Full retirement age is 65 years for people born before 1943; 66 years for people born between 1943 and 1954; and gradually increases to 67 years for …people born in 1955 and later. ( Full Answer )
Yes: If the ex-husband is currently collecting and they have been married for at least 10 years prior to the divorce. Also, if the husband has not yet filed a claim, the ex-wife may collect if they were married for at least 10 years prior to the divorce and has been finally divorced for 2 years.
No. You cannot receive unemployment benefits and retire also. To receive them you must be actively seeking full time employment
Can you collect Social Security retirement benefits and unemployment benefits at the same time in North Carolina without a reduction of unemployment benefits?
Yes. Although you must report any earnings you receive while getting unemployment benefits, the Related Link below says you do not have to report the Social Security benefits, meaning it does not affect your unemployment.
Are Texas teachers who receive state retirement able to collect on husband's Social Security disability when they reach age 62?
no....because most teachers pay only into TRS (Teacher Retirement System) and not into SS, they will receive their TRS only...the government stopped a loop hole back in 2004 for receiving TRS and SS, because the government considers it double-dipping...so if a spouse paid into SS, the teacher cannot… get spousal benefits from the spouse because it would be considered double dipping...there is a small chance that the teacher would be eligible for a small amount of her spouse's SS, or even her own if she worked her 40 quarters before teaching, but the amount would be subject to two penalties called the GPO and Windfall...please check your local SS office on more of these two penalties. ( Full Answer )
You not only can get unemployment benefits while on Social Security (provided you qualify for each separately) but you can receive SS even while you are working, under certain conditions. Yes, you can receive both unemployment and Social Security at the same time, as long as you have qualified for… both of them. ( Full Answer )
You can start getting your benefits as early as age 62. That may not be a good idea, however, as they are adjusted for age. So you will get less money than if you can hold out later.
You should expect to receive 70% of your income from social security, while the other 30% will be coming from a 401(k), IRA or another similar investment.
You can receive social security benfits at the age of 65 or if you were born after 1959, 67. This is said to possibly increase with the increasing number of older individuals in our country and the dwindling number of younger individuals putting money into social security.
Social Security benefits change per person depending on particular things that happened in their life leading up to the current time. You will need to fill out an application to apply and there are also online estimators to help you estimate the benefits you will be receiving.
Can an ex- husband collect a benefit under an ex- wife's social security benefits at retirement time?
Benefits for a divorced spouse Your divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried. The amount of benefits he or she gets has no effect on the amount of benefits you or your current… spouse can get. Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.. Benefits for a divorced spouse Your divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried. The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get. Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.. Benefits for a divorced spouse Your divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried. The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get. Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.. Benefits for a divorced spouse Your divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried. The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get. Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.. ( Full Answer )
I worked for the Fed Govt for 35 yrs before that I worked and paid48 quarters into Social Security, my wife worked for the Railroadand was covered by Railroad Retirement, we are now retired. MySocial Security was reduced under the Windfall Elimination Clauseof the Social Security Act. I was entitled… to a portion of mywife's Railroad Retirement Benefits. The Railroad Retirement Boardrecently informed me that they were reducing my benefits because Ihave a Federal pension. This is a double hit, since my SocialSecurity benefits have already been reduced by 45%? I have appealedthis ruling and hope to have it reversed. Can they reduce bothbenefits due to a Federal pension being drawn? ( Full Answer )