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jhynesrockmtn jhynesrockmtn is online now
Zink Racer
 
Join Date: Aug 2005
Location: Spokane WA
Posts: 4,094
Quote:
Originally Posted by Zeke View Post
Only for 2 years or when he reaches 65, I forget which. I went through that 15 years ago when if I made more than 18K/year, they took 50% of my SS back. Something like that, you can look it up. Once I hit 65 I could make as much as I wanted but the Great Recession was going on so there wasn't a lot of money to be made. Not as a contractor.

I would have a higher benefit if I didn't take early benefits but I've already passed the payout difference.
The max earnings is tied to your "full retirement" age. For me that is 67. For my wife it was 65. If I recall correctly, the amount goes way up in the year you turn your full retirement age and once you reach that age, is not limited afterward. My wife also took hers at 62 and had a few times where her benefits were reduced because she worked a bit too much. You eventually get it back but I forget that formula.
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Jerry
1983 911 SC/Carrera Franken car, 1974 914 Bumblebee, 1970 914-4, 1999 323ti
Old 01-09-2024, 12:18 PM
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