I understand that. My specific question to them is, I’ll miss 3 payments this year and 6 next year due to the income penalty. when and how do I recover those 9 payments once I reach retirement age.
I was told, in 3 calls:
1) you get it back incrementally each month once you reach full retirement age
2) you don’t get it back, it’s gone
3) you get a lump sum check once retirement age is reached.
All I want to know is, when and how.
I haven’t a clue - I didn’t know one could recoup money not given due to making too much at the time...I thought it was just taxed more because one made “too much money”.