Earning money – how it affects your Social Security

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NH at Loretta Lynn campgroundIf you work after you begin taking Social Security, it could affect your payments. First, if you exceed the maximum, currently $15,120, your payments would be reduced by $1 for every $2 over that amount you earn. However, once you reach full retirement age (66 if born between 1943 and 1954, 67 if born in 1969 or later), your earnings will have no effect. If you are born between 1955 and 1959 or want more details, see “How Working in Retirement Affects Your Social Security Benefit” at the U.S. News Money page.

Many RV sites provided are with a Workamping or volunteering site where the total income would be less than the limit yet still providing you with a place to stay and possibly additional income. Jaimie Hall Bruzenak

April 16, 2013
Categories : RV retirement
Technorati Tags: retirement rv rv site volunteering workamping

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