Jill is 62. Her Social Security Normal Retirement Age is 65, and she has chosen to...
Jill is 62. Her Social Security Normal Retirement Age is 65, and she has chosen to receive Social Security benefits early beginning this year. Which of the following sources of income could reduce her Social Security benefits this year?
a. Stock Dividends
b. Rental Income
c. Payments from her EFG, Inc. Pension Plan
d. Pay from her Part-time job at Walmart
Homework Answers
d is the right answer
If Social security is taken before the retirement age, the income from part time work will impact the benefits. The other three incomes however will not make any impact on social security.
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Jill is 62. Her Social Security Normal Retirement Age is 65, and
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