Social Security’s Earnings Test: What Counts—and What Doesn’t?

Does every dollar you receive in retirement count toward an earnings limit? In this episode of Rayna Retirement, Rayna Reyes breaks down the difference between income from work and income from other sources—and why that distinction matters when discussing Social Security benefits and the FERS Special Retirement Supplement.

Rayna explores wages, net earnings from self-employment, pensions, investment income, and retirement account withdrawals. She also discusses why business owners need to understand how their income is classified and why keeping accurate records is an important part of retirement planning.

If you’re thinking about a part-time job or starting a business after leaving federal service, this conversation offers a starting point for understanding the questions to ask. The applicable rules, timing, and reporting requirements depend on your benefit and circumstances.

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Contact Rayna directly at 850-450-6500
Or call the American Federal Benefits Consultants team at 1-800-872-8857
Visit: AmericanFederal.org

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YouTube: https://www.youtube.com/@RaynaRetirement

Rayna Retirement is the go-to podcast for federal employees – or anyone – looking to make smarter financial decisions with clarity and confidence. Hosted by Rayna Reyes, co-founder of American Federal Benefits Consultants, this show simplifies the complexities of retirement, benefits, and financial planning.

Whether you're navigating your FERS or CSRS pension, maximizing your TSP, or seeking expert advice on 401(k)s or IRAs, Rayna is here to guide you every step of the way. Tune in for practical knowledge, ethical solutions, and expert insights as you prepare for a secure and fulfilling retirement.