How much income can I earn from employment without affecting Social Security payments?
This is an important consideration, because many retirees choose to work during retirement. Based on 2001 figures: Under age 65, a worker can earn $10,680 with a reduction of $1 in benefits for every $2 earned over the $10,680 limit. Social Security recipients 65-69 no longer have earnings limits.
Related Questions
- May an employer reduce employment tax payments (i.e., withheld income tax, social security tax, and Medicare tax) during the year in anticipation of the credit?
- How will my employment affect my Supplemental Security Income (SSI) or my Social Security Disability Insurance (SSDI) benefit?
- How much income can I earn from employment without affecting Social Security payments?
