The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: Obama on payroll tax Date:  6/17/2008  1:43 PM
Author:  cliff666 Number:  13474 of 20595

Don't your benefits get cut in half if you earn over about $12k per year? Or have you got it set up so all the income is in your wife's business' name while you take SS with no income of your own?


No, I got my full SS dole for a couple of years before retiring from working for wages. Same of several other folks I know. At this time, I have no income from wages, so the issue is no longer current for us. My wife still pays her taxes, including Self Employment tax.

There was a time when SS was cut if you collected SS while still drawing wage income. That changed about 5-6 years ago. I don't find a source for the information, but it happened.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us