9 Rules for Retiree Jobs and Social Security

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This is very confusing on a good day. I am fairly intelligent and still asking myself the same question after reading this.

Babesbarn of NJ 6:42PM February 04, 2013

I don’t believe that #4 is correct. The SSA uses an “annual” limit on the income, so if one makes more than the maximum amount, which in 2013 is $15,120, then the rest of the year, even if one makes that amount in the first month, they will take back $1.00 for each two dollars earned that exceeds the $15,120. I wish this were true because I work in Kuwait and will make some good money before I quit in February/March but unfortunately there is no way to avoid this particular law.

Steve Hamilton 9:06AM January 08, 2013

If you earned $20480 and lost part of your SS payment, you and you're employer would pay 12.2% of that amount, so $ 2540 plus what you had to give back, for earning over $14160, almost totals the total amount they paid you in the first place. In this year everything paid in is paid back out. Now SS will not go broke, this year's SS cost the trust fund zero $$$

Discouraged of NY 2:31PM September 07, 2011