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Another Oldie - Fool Me Twice

Posted: Aug 16th, 2021 - 7:57 pm In Reply to: God Bless You All - LinK

I'm 63 and took SS last year because I needed the income. For those of you wanting to take SS and still work, be aware that when working as a 1099 IC, SS considers you as having your own company and, being a business owner, you are only allowed to work 40 hours per MONTH. If you go over 40 hours per month they will cancel your SS benefits. You must also still pay federal, state and 100% of your FICA taxes (15.3% of earnings) no matter how little you make. I only make $9/hour as an IC and at 40 hours a month + getting reamed on taxes it's just not worth it, especially when I see MacDonald's is paying $13/hour + food + uniform costs + benefits. Would you like fries with that?

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Oldie here. Anyone else over 70? - Ss (Views: 1080, 2021-07-17, 2:51 pm)
- Oldie - anon (Views: 992, 2021-07-17, 3:24 pm)
- Oldie 2 - anon (Views: 1032, 2021-07-17, 4:18 pm)
- Oldie here -- - Susan (Views: 993, 2021-07-17, 4:57 pm)
  - oldie - Jean (Views: 1192, 2021-07-17, 5:27 pm)
  - Psych work - Anon (Views: 880, 2021-07-25, 6:41 pm)
    - Saince doesn't pay for spaces. It is VBC only - nm just FYI (Views: 876, 2021-07-26, 9:40 am)
      - Saince - VBC (Views: 658, 2021-07-27, 10:46 pm)
        well it's good to have all the info up front about pay - sm (Views: 638, 2021-07-28, 1:49 pm)
- Does 66 count? - nn (Views: 929, 2021-07-18, 2:44 pm)
  - God Bless You All - LinK (Views: 871, 2021-07-21, 6:33 pm)
    - Another Oldie - Fool Me Twice
      - That sucks. I thought you were allowed unlimited - income when you retired. (Views: 476, 2021-08-24, 12:50 pm)
        Why not retire and - remarry, too! nm (Views: 721, 2021-08-24, 11:37 pm)
        Because at my age, most men are looking for a nurse - with a purse. I am the one (Views: 548, 2021-08-25, 1:18 am)
      - Wrong Information - anon (Views: 652, 2021-08-24, 1:08 pm)
        There's a limit if you retire before your retirement age - anon (Views: 601, 2021-08-24, 1:31 pm)
        Yes there is a limit to what you can make if you take early - poster from above (Views: 696, 2021-08-24, 1:38 pm)