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Working & benefits: the 2014 retirement earnings test
The 2014 Social Security cost-of-living adjustment (COLA) changes more than just the amount of monthly benefits received. Another change increases the annual retirement earnings test amounts for 2014. You can earn more in 2014 than in 2013 before benefits are reduced. The annual retirement earnings test concerns how your own employment earnings in a year affect your Social Security in that year. The earnings test includes only your personal gross wages or net self-employment for the full calendar year. Your other income or the income of a spouse is not applicable. Read more…