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SS early draw, earnings, and 401k?

Posted 11-29-2020 at 01:14 PM by Tuck's Dad


Quote:
Originally Posted by HB2HSV View Post
As another poster pointed out, if you replace your SS income with a teaching pay, how does that affect your overall retirement income?

Assuming it does not, then the question is your time, replacing ".. a volunteer hobby with the downside of a full time employment commitment...."
It doesn't affect my retirement other than the SS earnings cap at roughly $18k and change. The teaching salary is low thirties, so for this year, I won't have an issue for 2020 or 2021 unless I also teach fall 2021, then I will be over the income cap by around $12-$15k.
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