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Level 2
posted Oct 27, 2021 10:36:51 AM

Retiree investor and Social Security Question

Hi. I'm 57 years old, retired since age 51. Is there a way to have a business or tax strategy simply managing my investments while contributing or being able to have capital gains income count toward retirement benefits at age 62?  I check my yearly Social Security benefits and they continue to lower every year since I retired from the workforce even though my capital gains taxes are more than they ever have been ... Thank You

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2 Replies
Level 15
Oct 27, 2021 10:42:22 AM

Only earned income counts toward your future Social Security benefits.   Income you are getting from investments will not increase your SS benefits.

 

How works affects SS benefits

https://www.ssa.gov/pubs/EN-05-10069.

 

Edit---sorry for the dead link above

 

And go to www.ssa.gov to read more information 

Level 15
Oct 27, 2021 10:45:41 AM