Originally Posted by 4th&Goal
If I am receiving money from a deferred compensation plan does this income count as income and reduce my Social Security benefit if I elect to take it at age 62?
No. If you notice on your paystubs, when you make a deferreal of income into your deferred compensation plan, you still get SS taxed on that income the year you earned (and deferred) it.
So SS counts it as income the year you earn it, not the year you eventually withdraw it from your deferred comp plan. Hence, it does nothing to SS benefits when you are getting SS and making deferred comp withdrawals.