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  1. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Types of Income Included in Early Retirement Income Limits

    There are two issues involved in that question: Reduction of SS retirement benefits and taxability of SS retirement benefits.

    For you, at age 69 (actually since age 66 I think) there is no reduction in retirement benefits regardless of how much you earn from any source.

    However, you could pay taxes on your SS retirement benefits if your earnings from any sources exceed a certain amount. According to the 2015 handbook you'll pay taxes on your benefits if you and your spouse have a total income from all sources that is more than $32,000.

    As for your wife, if she wants to start collecting retirement benefits early and keep on working her benefits could be reduced depending on the amount of her income from employment and also be taxable.

    You can learn all about that stuff by reading the SS benefit guide at:

    https://www.ssa.gov/pubs/EN-05-10077.pdf

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