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URL:  http://boards.fool.com/dont-your-ss-benefits-get-cut-in-half-if-you-26741074.aspx

Subject:  Re: Obama on payroll tax Date:  6/17/2008  9:50 PM
Author:  TMFPMarti Number:  13475 of 19257

Don't your [SS] benefits get cut in half if you earn over about $12k per year?


Not necessarily. This benefit reduction due to earned income has evolved over time. Today it applies only if you are under Full Retirement Age (FRA), and I think the earnings limit before benefit reductions is somewhere around $18,000, but a quick search on "benefit reduction" at www.ssa.gov would clear it up.

Once you reach FRA you can earn as much as you like with no reduction in your SS benefits. The change came, I think, within the past 10 years, in a law called the Freedom to Work Act.

Phil
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