If you claim SS retirement benefits at the earliest age, but continue to work, you have a strict limit on what you can earn before you begin to owe one of every two dollars reimbursement to SS at the end of the year. However, if you live on investment income – even triple digit income – you need not reimburse SS at all.
Given the current crisis about SS funding, this loophole should be the first closed. Incredible that Congress set this up to penalize the person who has to continue working and reward the rich who can live on investments without personal labor.
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What in the world!
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