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As I understand social security, it works out as follows:
- If you are under "full retirement age", they deduct $1 for every $2 you earn above $14,160.
When you say "every $2 you "earn" are you referring to passive as well as active income, passive being just things like interest on a bank account? IOW, if a person's sole income comes from CD interest, for example, does that person have the same threshold of $14,160 as the person who earns the exact same amount working on a job?
When you say "every $2 you "earn" are you referring to passive as well as active income, passive being just things like interest on a bank account? IOW, if a person's sole income comes from CD interest, for example, does that person have the same threshold of $14,160 as the person who earns the exact same amount working on a job?
When you say "every $2 you "earn" are you referring to passive as well as active income, passive being just things like interest on a bank account? IOW, if a person's sole income comes from CD interest, for example, does that person have the same threshold of $14,160 as the person who earns the exact same amount working on a job?
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