The Press-Dispatch
Issue link: https://www.ifoldsflip.com/i/1490242
Home Life Wednesday, Januar y 18, 2023 The Press-Dispatch C-2 Social Security Matters By Rusty Gloor Will my work earnings affect my benefits? SATURDAY, JAN. 21 • 10am EDT on location – 2667 E. CR. 400 S., Winslow, IN Auction pick-up available! KALEB CLARIDGE AU11700062 Follow on Auctionzip.com • ID# 46613 • Call Today to schedule your auction! No Buyer's Premium. 4TH ANNUAL WINTER ANTIQUE AUCTION 4th Annual Winter Antique Auction Loaded with antiques, featuring early 1920s visible Wayne gas pump, large number 34 (34in) cast iron church bell, rare 47 star flag from 1912, 60+ advertisement signs, clocks and thermometers, vintage toys, gas and oil related items, pedal tractors, 30+ pieces of pottery/ crocks, (Uhl, Western, Pittsburgh and others) all types of antiques, collectibles, primitives, large kettle, antique furniture, 40+ pieces of cast iron cookware, unique and rare items, glassware, all types of silver coins, (Morgan dollars, Peace Dollars, half dollars, nickles, pennies, currancy and others) collection of Keen Kutter items and much more. This will be a nice auction with quality antiques. For consigning information or questions contact Kaleb Claridge 812-789-6761 REAL ESTATE TRANSFERS Onyett Welding and Machine INC conveys to Jack D. Onyett, real estate as recorded in Pike County. Jack D. Onyett conveys to Jack D. Onyett and Sara D. Onyett, real estate as recorded in Pike County. The State of Indiana and Pike County Board of Commis- sioners convey to Tina Gayhart and David Gayhart, real estate as recorded in Pike County. Mark Bayley Family LLC, Mark Bayley Family Trust LLC quitclaim to Brittany Nicole Bayley Murray, Landon Hinch Bayley, Martin and Bayley INC, Linda D. Bayley Dynasty Trust UTA and Mark F. Bayley Dynasty Trust UTA, real estate as recorded in Pike County. Aimee Lynn Denio quitclaims to Ryan Michael Abbott and Aimee Lynn Denio, real estate as recorded in Pike County. Linda M. Ewer and Thomas R. Ewer convey to Justus Althoff and Teresa L. Althoff, real estate as recorded in Pike County. Richard L. Reckelhoff and Brian R. Wahl convey to Pfaff Properties LLC, real estate as recorded in Pike County. Steve Owen Robinson and Marilyn L. Robinson convey to Robert Mitchell, real estate as recorded in Pike County. Krempp Corporation quitclaims to Debbie O'Bryan, real estate as recorded in Pike County. Debbie O'Bryan quitclaims to Krempp Corporation, real estate as recorded in Pike County. Whitney B. Boger quitclaims to Loren W. Boger, real estate as recorded in Pike County. Indiana Annual Conference of the United Methodist Church INC and the United Methodist Church quitclaim to Patoka Grove Church INC, real estate as recorded in Pike County. William G. Beach and Linda A. McFain convey to Friends of the Patoka River National Wildlife Refuge and Management Area INC, real estate as recorded in Pike County. Debra J. Woods quitclaims to William Woods, real es- tate as recorded in Pike County. Betty S. Decker conveys to Joshua L. Cannon, real es- tate as recorded in Pike County. Dear Rusty: I am presently 67 years of age and am still working full time. I am receiving Medicare coverage, but I have not yet applied for monthly Social Security payments. I have been told that I can take SS payments even if I am still working. Is that correct? Is there a limit to how much I can earn each year and still receive SS payments? Signed: Work- ing but Wondering. Dear Working: Social Security's so- called "earnings test" applies only to those who haven't yet reached their full retirement age. At 67 years of age, you are already past your SS full retirement age (FR A) of 66 years and two months, which means there is no longer a limit to how much you can earn from working. Regardless of how much you earn, your monthly Social Security benefits will not be affected, so you can claim your Social Security at any time and not worry about your benefits being affected. You should also know that because you haven't yet claimed your Social Security, your monthly benefit has been growing since you reached your full retirement age in October of 2021. You've been earn- ing Delayed Retirement Credits (DRCs) at the rate of .667 percent more bene- fit for each month you have delayed claiming, so your benefit now at 67 would be over 8 percent more than it would have been at your FR A last year. And, if you wish to, you can continue waiting to claim SS and continue to earn those DRCs to get a still higher benefit. But DRCs stop when you reach 70, when you would get your maximum Social Security benefit – about 31 percent more than your FR A amount – so never wait past age 70 to claim. To recap: because you've already passed your full retirement age you can claim your SS benefit now (e.g., to start in January) and get a benefit which is 8+ percent more than you would have gotten if you claimed at your full re- tirement age, or you can continue to wait and get an even higher amount by claiming even later. Which way to go depends a lot on your current financial needs and your life expectancy. If you don't urgently need the money now and are in good health and expect at least average longevity (about 84 for a man your current age), then waiting longer to claim would be a smart move. But if you need (or want) the money now, then claiming at this time would also be a wise choice. In either case, you don't need to worry about your earnings from work negatively affecting your monthly Social Security benefit – they won't. To submit a question, visit website (amacfoundation.org/programs/so- cial-security-advisory) or email ssadvi- sor@amacfoundation.org. Five Generations Front row (l-r): Karen Foster, Ray Breidenbaugh, Martha Breidenbaugh, holding great-great-grandson Emer- son Tooley. Back row: Susan Tooley and Jonathan Tooley. you can learn a lot from the Newspaper! Encourage your children to make reading the newspaper a part of their everyday routine for lifelong learning. Newspapers are living textbooks, helping students develop reading, math, social studies and language skills while exploring the issues affecting our world today. 1 Year Subscriptions start at just $37.00 for Pike County CALL 765-884-1902 or e-mail hmgcirculation@gmail.com