In 2026, the pre-FRA earnings limit is $24,480, and each $2 earned above it reduces benefits by $1. With about $90,000 net self-employment income, she is roughly $65,000 over the threshold, implying about $32,500 in benefits withheld per year if filing at 62. The earnings test ends the month she reaches FRA, allowing unlimited earnings from age 67 onward. Her estimated benefit rises from about $3,200 per month at 67 to about $3,968 at 70, but higher benefits at 70 are partially offset by Social Security taxation based on provisional income.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]