Reply To: Socia Security for Dummies- can I collect and be employed full time?

Home Forums Decaffeinated Coffee Socia Security for Dummies- can I collect and be employed full time? Reply To: Socia Security for Dummies- can I collect and be employed full time?

#825166
artchill
Participant

If you are at retirement age making the amount you are speaking of. Whatever your retirement benefit you are entitled to will be reduced by $1 for every $3 earned until you stop working. Plus you will pay almost 40% taxes on the benefit.

If you are earlier than maximum retirement age, then whatever your benefits are supposed to be will be reduced by $1 for every $2 eraned. Plus you will pay a whopping 85% tax on the benefits.

Enjoy retirement if you can afford it!