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might be a dumb question
Old 01-13-2004, 03:37 AM   #1
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might be a dumb question

this may be a dumb question, but I'll ask because I don't know the answer. Here it is: when reaching age 62 and beginning social security and, at the same time, receiving a pension.
If working after age 62 and earning over X dollars, social security is reduced 1 dollar for every 2 earned.
Does the pension count ? In other words, will the pension have the effect of reducing social security payouts ?
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Re: might be a dumb question
Old 01-13-2004, 04:10 AM   #2
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Re: might be a dumb question


Your pension will have no effect on the amount that you receive in Soc. Sec. (Earned income is the criterea that is used for adjustment).
The only effect that your pension, or any other passive earnings have of Soc. Sec. is that it will be a factor when computing how much your soc. sec. will be taxed.
If you want an explanation of the formula for that, Ted, Cutthroat, TH, or some of the other statiticians on this board will help you. (You guys thought you were retired, didn't you?)
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Re: might be a dumb question
Old 01-13-2004, 04:25 AM   #3
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Re: might be a dumb question


I think jarhead has it correct. IF you follow this link the Social Security site is quite helpful. They even have a calculator that you can download to your computer and calculate your benefits.

Here is the link.
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