Hi Larry
I can start receiving full retirement at 66 year 4 months, In January 2023. If I applied for SSI IN April of 2022 and work earning $30000 do I have my SSI reduced?

Hi,

There's no way to know at this time how much the Social Security test exempt amount will be in 2022, but if you won't reach full retirement age (FRA) until January 2023 then your benefits would be subject to the lower exempt amount throughout the entire year of 2022. The lower exempt amount in 2021 is $18,960, so unless you could be paid based on the monthly earnings test (https://www.ssa.gov/benefits/retirement/planner/rule.html) it's very likely that at least some of your benefits would need to be withheld due to the earnings test if you apply to start drawing your benefits in 2022 and if you earn $30,000 that year.

Furthermore, if you collect benefits for any months prior to the month that you reach FRA your monthly benefit rate will be permanently reduced for age. You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze the options available to you in order to determine your best strategy for maximizing your benefits.

Best, Jerry