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Social Security COLAs for 2012: Take The Bad With The Good
AccountingWEB.com 
Nov. 9, 2011 SSA is also increasing the thresholds for the so-called 'earnings test' in 2012. If a retiree continues to work while receiving Social Security benefits, he or she must forfeit a portion of those benefits for earnings above a specified threshold. The earnings limits are subject to COLAs. For retirees who haven't reached full retirement age, $1 of benefits will be forfeited for every $2 in earnings above $14,640 received in 2012 ($1,220 a month). MORE >> |
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