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November 8, 2011 11:02 pm at 11:02 pm
#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!