Quote:
Originally Posted by BigRedChief
Sorry, that’s wrong info. Here’s the right stuff. I’m still a noob with this stuff.
Retirees, however, are required to stay under an income limit while taking Social Security. For 2024, that limit is $22,320. After that, the Social Security Administration will deduct $1 for every $2 earned.
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100% correct. That's why you alter how you're paid post-retirement if you can. Remember, a dollar saved is dollar earned, so structure you post-retirement life in such a fashion where you have things paid for instead of you getting paid. It's not perfect, but I think it's pretty creative.