Quick Read – The Social Security earnings test withholds $1 in benefits for every $2 earned above $24,480 annually for those under full retirement age, creating a $12,760 cash shortfall for someone earning $50,000 at age 64. – Withheld benefits are credited back as permanently…
gher monthly payments starting at full retirement age, making the earnings test roughly actuarially neutral over a 25-year retirement but a significant cash-flow problem in the year it occurs. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE
Picture a 64-year-old who claimed Social Security at age 62 because the bills were closer than the cushion. Two years in, a former colleague offers a part-time gig that pays roughly $50,000 a year. Then the Social Security Administration (SSA) sends a letter explaining that a chunk of this year’s benefits will be held back.
The number on that letter? Close to $13,000. This surprise shows up on retiree forums frequently.