Easy Seniors Club
  • Home
  • Expert Advice
  • Saving and Spending
  • Taxes
  • Family Finance
  • Real Estate
  • Employment
  • Business
  • Banking
  • Health
  • Technology
Home›Taxes›6 Shocking Ways You Can LOSE Your Social Security Benefits

6 Shocking Ways You Can LOSE Your Social Security Benefits

By Our Editorial Team  |  Published April 18, 2023

Expert Verified

Our editorial team verifies all financial and lifestyle information for accuracy and relevance to senior living.

online gig, side job, lose
Photo by Ariya J from shutterstock.com

#4 Add high earnings to claiming early and you got yourself another cut

If you do not want to be on the list of people who lose out on part of their Social Security benefits, then you have to make sure that you keep an eye on your income and when you end up taking out the payments. After all, for some people, it is not a problem if they end up receiving a little bit less since they do not have the full retirement age. However, if you decide to claim early in order to have a little bit more income, you need to make sure how much you earn does not exceed a limit, or you will end up receiving fewer benefits.

If you still earn an income, then you will lose part of your money, and the check you will receive will be even less than you expected. It has been established that for this year, you can have a yearly income of up to $21,240 and you will not see any reductions, but if you earn more than that, the SSA will start withholding some money from your check.

The rule is that they will hold back $1 from the benefits for every $2 earned over the threshold. If you end up reaching full retirement age the year that you end up receiving payments, then the threshold moves to a yearly income of $56,520. And the reduction will be changed to $1 withheld for every $3 earned!

Pages: 1 2 3 4 5 6 7

10 responses to “6 Shocking Ways You Can LOSE Your Social Security Benefits”

  1. Sereda Knotts says:
    April 28, 2023 at 4:05 pm

    How do you find out how much a widows pension will be before you sign up?

    Reply
  2. Mark Weiner says:
    April 28, 2023 at 11:05 pm

    Another way to lose SS benefits (which I hope does not apply to any readers here): Move to a country that the USA does not have diplomatic relations with, such as North Korea, Iran (I think), and there are a few others.

    Reply
  3. Dominick Provenzano says:
    July 14, 2023 at 5:10 pm

    Did not know about ways we can lose Social Security. Please tell me what to look for or do.

    Reply
  4. Rebecca M Bender says:
    August 15, 2023 at 12:15 pm

    My husband and I have been married for 59 years this October. We inherited his family’s farm 30 years ago and paying taxes with very little income from it. My husband decided to sell it two years ago. I was relieved over our finances until we found out that our Social Security which would have been increased this year took a definite decrease after IRS informed Social Security about our income from the sale of the farm. With the proposed increase in SS benefits we would have been better off to have kept the farm and left it to our children. Now we are dependent on using money from the sale of the farm to live on. I know “life” isn’t fair, but it seems things never get better. just worse.

    Reply
  5. Jane Doe says:
    August 17, 2023 at 2:29 pm

    I think if anyone is caught selling or stealing other peoples medicine or on benefits getting caught doing those things should lose benefits.

    Reply
  6. Xavier Mireles says:
    August 19, 2023 at 12:47 pm

    Getting convicted of a felony.

    Reply
  7. Thomas Graham says:
    October 13, 2023 at 3:02 pm

    I have no idea that o could ever loss my SS

    Reply
  8. Lesego Lippe says:
    April 12, 2024 at 5:46 pm

    Thanks for giving me this information. As a matter of fact, I’m among those who have lost part of their Social
    Security earnings as of January 1, 2024. My monthly benefits shrunk from $1,015.70 to $579.60 without courtesy of a heads-up to expect the drastic change. I’m still waiting for the “why” to this unexpected act.

    Reply
  9. Shannon Smith says:
    May 16, 2026 at 7:42 pm

    i hope so

    Reply
  10. Margaret L. Jones says:
    July 7, 2026 at 11:14 pm

    Let me know about the new changes please.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Most Popular

  • Aldi Store
    15 Aldi Shopping Tips From Super Savers That You Have to Try January 22, 2021
  • florida
    Planning to Retire in Florida? Here Are 10 Places to Avoid! March 3, 2023
  • COLA increase in 2024
    COLA Increase in 2026: Changes for Social Security Recipients November 21, 2025

Top Picks

  • An elegant watercolor and ink sketch of fresh turmeric root, ginger, and a glass of water on a sunlit table.
    Before You Take Ibuprofen, Try These 3 Natural Pain Relievers July 25, 2026
  • An older man looking thoughtfully out his kitchen window during a quiet, golden morning, holding a warm ceramic mug.
    Why Most Heart Attacks Happen Between 6 AM and Noon July 25, 2026
  • An older woman looks thoughtfully in her bathroom mirror, gently touching her neck under warm, natural morning light.
    5 Weird Physical Signs Your Body Is Becoming Resistant to Insulin July 25, 2026

Quick Links

  • Expert Advice
  • Saving and Spending
  • Taxes
  • Family Finance
  • Real Estate

Newsletter

Get the latest posts delivered to your inbox.

Related Articles

Data Analysis

The 6 Dangers of Data Analysis and How to Avoid Them

We’ve recently written an article about how important data analysis is to a real estate…

Read More →

9 Ways to Plan Ahead for Taxes in Your Golden Years

Tax diversification in action You might be wondering what’s the best mix of retirement accounts…

Read More →
Social Security

3 New Tax Traps Every Retiree Should Know

Smart strategies to stay under the threshold 1. Delay IRA withdrawals when possible: If your…

Read More →

10 Worst States to Retire In if You Want to Save Money on Taxes

A man in a modern living room uses his tablet to map out smart strategies…

Read More →
tax deduction

8 Tax Deductions Most Seniors Don’t Know About

Business and hobby deduction You might be surprised, but plenty of seniors start their businesses…

Read More →
COLA increase in 2024

COLA Increase in 2026: Changes for Social Security Recipients

COLA Increase in 2026: How to Calculate Your Social Security To estimate your new Social…

Read More →
cola in 2024

COLA in 2024: Will the Benefit Increase This Year?

4. Avoiding the Social Security tax If you want to have more money during retirement…

Read More →
Donald Trump and Social Security, Trump's inauguration

Could Trump’s Election Impact Social Security? Let’s Find Out!

Diverse seniors gather around a library table for a serious discussion about the future of…

Read More →
retirement roth

How These 7 Types of Retirement Income Are Taxed

#4 Annuities How much you are going to be taxed on an annuity depends on…

Read More →

Stay Informed & Empowered

Get our weekly digest of financial tips, retirement updates, and expert advice for seniors delivered directly to your inbox.

Easy Seniors Club

At Easy Seniors Club, life starts at retirement!

Inedit Agency S.R.L.
Bucharest, Romania

contact@easyseniorsclub.com

Explore

  • Subscribe
  • Unsubscribe
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Banking
  • Business
  • Employment
  • Expert Advice
  • Family Finance
  • Health
  • Real Estate
  • Saving and Spending
  • Taxes
  • Technology

© 2026 Easy Seniors Club. All rights reserved.