Apr 7, 2010 #1 R rdjrn Recycles dryer sheets Joined Oct 19, 2009 Messages 85 If I retire prior to age 62, will I be required to continue paying social security taxes? Any advice would be appreciated.
If I retire prior to age 62, will I be required to continue paying social security taxes? Any advice would be appreciated.
Apr 7, 2010 #2 MasterBlaster Thinks s/he gets paid by the post Joined Jun 23, 2005 Messages 4,391 If you retire and quit receiving earnings from a job there will be NO requirement to pay SS taxes. SS taxes are only on so called "earned" income not on pensions or savings, rents, dividends etc. which are un-earned income.
If you retire and quit receiving earnings from a job there will be NO requirement to pay SS taxes. SS taxes are only on so called "earned" income not on pensions or savings, rents, dividends etc. which are un-earned income.
Apr 7, 2010 #3 youbet Give me a museum and I'll fill it. (Picasso) Give me a forum ... Joined Mar 26, 2005 Messages 13,187 Location Chicago What MasterBlaster said...... And further, the age of 62 has nothing to do with paying SS taxes. If you have earned income, up to the limit of about $106k, you pay. No earned income, you don't pay. Age is not a factor.
What MasterBlaster said...... And further, the age of 62 has nothing to do with paying SS taxes. If you have earned income, up to the limit of about $106k, you pay. No earned income, you don't pay. Age is not a factor.