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Author: Follydolly Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: Re: Social Security before you are 65 Date: 3/13/2000 10:26 PM
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gsassoc     Date: 3/13/00 8:55 PM    Number: 2855
If you are still employed and make over $36,000 you can't collect your payments. What if your income is from investments? Can you collect?

What are the rules on income before you are 65. I know the Congress is changing the rules so you can stay employed and collect after 65


Investment income does not count against you. But If I understood my accountant right, you will be taxed on 80% of your SS payments if you make over a certain amount, which is probably most of us. I believe that Congress will pass the after 65 rule as the economy needs workers and this rule dates back to the depression for crying out loud. Under 65 I think you can earn somewhere around $8000--whoopie---before you are penalized.

In February "99 at age 63 (don't tell) I was diagnosed with something not so nice and decided that I would die any minute. You better believe I rushed to the nearest SS office and applied for what's mine. I received my first check a few weeks later. What a surprise. Anyway, as you can tell, I'm still here to enjoy my SS payments and life itself.

Fool on~~~~follydolly
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