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October 27, 2021
Question

Retiree investor and Social Security Question

  • October 27, 2021
  • 1 reply
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Hi. I'm 57 years old, retired since age 51. Is there a way to have a business or tax strategy simply managing my investments while contributing or being able to have capital gains income count toward retirement benefits at age 62?  I check my yearly Social Security benefits and they continue to lower every year since I retired from the workforce even though my capital gains taxes are more than they ever have been ... Thank You

    1 reply

    October 27, 2021

    Only earned income counts toward your future Social Security benefits.   Income you are getting from investments will not increase your SS benefits.

     

    How works affects SS benefits

    https://www.ssa.gov/pubs/EN-05-10069.

     

    Edit---sorry for the dead link above

     

    And go to www.ssa.gov to read more information 

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    October 27, 2021
    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**