[wmfights]

I believe the threshold is $15,500. After this for every 2 dollars earned your social security is reduced 1 dollar. So if you own a business, have assets that produce income, or work the "contributions" you paid in to this "pension plan" (where benefits were determined by what you paid in) are reduced.

IOW, the nanny state will decide whether you should get your allowance or not.

[HotHunt]

The maximum annual income limit you can earn before losing some of your benefit, is adjusted up annually from year to year. When I retired in 2010, it was $14,400. But this is only "earned" income, not income from assets or retirement funds. You have to earn it, like wages or a salary. And then when you turn full retirement age, you can earn as much as you want without being penalized. Full retirement age is different depending on when you were born. For me it was 66 year old. I'm 67 now and can earn as much as I want without a penalty..

[HotHunt]

The maximum annual income limit you can earn before losing some of your benefit, is adjusted up annually from year to year. When I retired in 2010, it was $14,400. But this is only "earned" income, not income from assets or retirement funds. You have to earn it, like wages or a salary. And then when you turn full retirement age, you can earn as much as you want without being penalized. Full retirement age is different depending on when you were born. For me it was 66 year old. I'm 67 now and can earn as much as I want without a penalty..

[Mears]

“, have assets that produce income,”

---

Uh,uh,uh.

You could have millions coming in that way and it has no effect.

.