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Will Self-Employment Earings Affect My Annuity?
(Posted June 9, 2014)
Question 1139: I am the wife of a retired railroad employee. I am currently a full-time self-employed court reporter. I want to start drawing my annuity on Jan 1, 2015. Can I still work as a part-time self-employed court reporter after my annuity starts? If so, how much can I make (net) before my annuity is offset?
Answer: Self-employment does not affect the amount of your annuity unless you have not reached your "full retirement age." In that case, your Tier 1 is subject to the Annual Earnings Limit.
The limit for 2015 will not be decided until October 2014. The new limit will be published in the newspapers and reported on radio and TV.
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