vpFREE2 Forums

Social Security & W2G

#1

The way I understand it is Social Security goes by gross income if you are
between 62 and 65. If you go over what they allow you to earn in addition to
Social then big cuts are in store for next year's benefits. And after age 65
you can earn as much as you want and no penalty on Social benefits.
Drain

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#2

That is what I was told by SS (both on the phone and in person) when I specifically inquired
about this very thing.

But, actually the "age" varies between 65 and 67, depending on your birthday.

..... bl

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--- In vpFREE@yahoogroups.com, DRAlNBRAMAGE@... wrote:

after age 65
you can earn as much as you want and no penalty on Social benefits.
Drain

#3

The way I understand it is Social Security goes by gross income if

you are

between 62 and 65. If you go over what they allow you to earn in

addition to

Social then big cuts are in store for next year's benefits. And

after age 65

you can earn as much as you want and no penalty on Social benefits.
Drain

I sometimes play poker with an old guy in Wendover. His name is
Carl and he is 86 years old. He's pretty sharp for his age. He
plots on the younger players like a lion plots on a gazelle. This
is not to say that he can't come up with a lame-brain idea. He once
told me that he was gonna plant trees in Wendover. "What for?", I
asked. "Why, in twenty years those trees will be worth something",
he said. So if you notice someone is in the logging business twenty
years from now, it's Carl at 106 years old.

Anyways, Carl told me that at his age he can make all the money he
wants with no cut in Social Security and he doesn't even have to pay
income tax. Whether this is true or not, I just have to take Carl's
word, as I don't really know.

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--- In vpFREE@yahoogroups.com, DRAlNBRAMAGE@... wrote: