Madonna calls Obama a 'Black Muslim'

Hey, I learned on 285Bound from the best...

You have had the same mentality on many forums. I think you just have a bipolar issue.

Martin Ent Inc wrote: You have had the same mentality on many forums. I think you just have a bipolar issue.

lol Bipolar would imply differing moods.

I just saw a politically incorrect ad for a Iceland beer named Polar.
"Buy Polar" :faint: Maybe that means something else in Icelandic.

Speaking of other forums......
Are Social Security earnings in danger if you earn a certain amount of money "on the side"?

Becky wrote: Speaking of other forums......
Are Social Security earnings in danger if you earn a certain amount of money "on the side"?

Shhh, underground economy for the win...

Seriously....can't your benefits be diminished or taken away for earning a certain amount of money while obtaining SS benefits?

Actually, once you hit the "full retirement age" for your age group... (mine is 66)...then anything you make no longer factors in to your SS. However, it can still affect how much you pay for your Medicare/Part-B. That part is means-tested. The usual base amount is around $98/month...If you make over a certain amount, (and I forget what it is), it goes up to $198/month... And if you hit the next level, (and I remember it's pretty high), it goes to $298/month... I don't think there are any additional levels...But I'm not sure....

If you retire BEFORE your "full retirement date", then there is a formula that for every dollar you earn, your SS benefits are decreased by some amount...(I remember that it's not a 1-to-1 ratio... I think it's more like you lose $1 for every $2 you earn...)

I just looked it up:

Social security beneficiaries under the full benefit retirement age who have earnings in excess of the annual exempt amount are subject to a $1 reduction in benefits for each $2 earned over the exempt amount (currently $14,640) for each year before the year during which they reach the full benefit retirement age

So, the first $14,640 doesn't count... Anything you earn OVER that would be subject to the formula.

Edited to add: Here's the source:
Working May Decrease Your Social Security Benefits

Here's an even better link with the age-charts in it:
Retirement Income from Social Security


Hope that helps...

You bet they can. Social Security benefits are means tested to a certain extent. If you make too much money in retirement you get a lot less, if anything at all, in benefits from Social Security even if you were one of those fortunate soles who earned enough to actually meet or exceed the contribution ceiling for every year that you were in the workforce. Social Security isn't a pension plan, its an individual welfare program. It isn't an annuity that you have contributed to, its a tax that is levied on your income while you are working to pay for annual appropriations to support the benefits of those who are retired and a slush fund for the Congress to borrow from to pay for other individual welfare programs that drives up the amount of debt that the federal government has incurred. There is no "Trust Fund" unless you consider debt instruments that will never be paid back a tangible asset of some sort.

PERA reduces it too, even if you paid SS during your career.

PrintSmith wrote: You bet they can. Social Security benefits are means tested to a certain extent. If you make too much money in retirement you get a lot less, if anything at all, in benefits from Social Security

not exactly

If you work and are full retirement age or older, you may keep all of your benefits, no matter how much you earn. If you are younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits.

http://www.ssa.gov/pubs/10069.html#a0=0