Employee Tax Expert

Retirement tax questions

Hi cap51!

The SSA website states that they make their calculations based on the wages you earn. They make no mention of whether the wages have been invested in a 401 or other tax-deferred account. 


Here's a table that shows how they calculate the reduction in benefits for those who are working and younger than the normal retirement age:

SSA benefits calculation 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"