Do those who earn more than the social security cap
receive benefits? Not that I'm one of them, I'm just wondering. It seems like the best solution to solvency is to raise the cap, especially if these people receive benefits in excess of 90K essentially for free.
Do you mean SS benefits when retired? If so, yes. No matter how much you earn, you would get the maximum SS benefit for the year of retirement with COLA every year thereafter.
I am retired but I don't work at all, no need to. I don't have a lot of income but I have enough.
I believe that there is a reduction in benefit for each dollar earned over a set amount but it is not dollar for dollar, at least not at levels close to the 'cap'.
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