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Thread: Where will the resources come from to staff all the new businesses in TV?
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Old 08-18-2019, 12:24 PM
Boomer Boomer is offline
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Default Earned Income Limitations to Social Security
Quote:
Originally Posted by Aloha1 View Post
Huh? This comment makes no sense. If you are already getting Social Security, you can work as much or little as you want and it has NO effect on your monthly SS payment. Therefore to work or not to work is an individual choice. Some folks like to bag groceries at Publix because it gets them out and around others and it's a low stress way to make extra income.

Actually, there is more to it. It is not as simple as what was said in the quote above.

The quote above applies only to those who choose to wait until reaching full SS age before collecting.

Those who choose to collect SS at 62, or somewhere before their full SS age, have to calculate earned income limitations should they decide to work. That is because SS benefits are reduced by $1 for every $2 earned over a certain limit. The earned income limit for 2019 is $17,640. ($1470 per month)