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Finance & Stock Groups Forum Index » Financial Planning » Social Security Earnings Test In Early Retirement
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| bo peep |
 Posted: Fri Jul 13, 2007 7:35 pm |
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Guest
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As I will turn 62 next year, this subject is becoming of interest to
me, and I've been reading up on it.
The SS website states "We withhold $1 in benefits for every $2 of
earnings in excess of the lower exempt amount. We withhold $1 in
benefits for every $3 of earnings in excess of the higher exempt
amount". The quoted 2007 amounts are 12,960 and 34,440.
My question is about the word "withhold". It appears to me that any
funds withheld due to excess earnings before NRA actually result in a
corresponding *increase* in benefits after NRA, assuming that one
lives that long.
Is that correct? |
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