topic Re: Working while collecting SS in Retirement tax questions

Working while collecting SS

DCR3 — Thu, 15 Jul 2021 15:38:40 GMT

I am retiring this year, starting to collect SS in Sep or Oct. How does it work this first year of getting SS as far as the threshold for making too much, that reduces the amount you get in SS? In a regular year, I know I can't make more than 18-19k, otherwise my SS is reduced by $1 for every $2 made over the limit, but obviously this first year I've already made way more than that threshold.

Re: Working while collecting SS

DoninGA — Thu, 15 Jul 2021 15:49:34 GMT

Go to this AARP website for information on the "Special Earnings Limit Rule" - https://www.aarp.org/retirement/social-security/questions-answers/social-security-first-year-rule.html

Re: Working while collecting SS

DCR3 — Thu, 15 Jul 2021 17:38:08 GMT

Excellent - thanks!