Quote:
Originally Posted by kerry
Sorry to hear that. Getting laid off nowadays is serious business. My neighbor works and collects SS but he says you have to give back a percentage if you earn over that $14k number. The healthcare situation is terrible at the moment. I'd be considering early retirement were it not for the outrageous costs of health care. Obamacare may help when it kicks in in 2014. Did you check that calculator I posted a month or so ago?
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No, never looked at the calculator. 2014 is a long way away.
The percentage you "give back" is $1 SS benefit for every $2 you earn over the limit. $14K is not much money. So by April/ May or so the SS is gone for the year. At least that is how I understand it.
Thanks for all your thoughts.
God is good, all the time.