posted on Jan, 1 2011 @ 03:30 AM
You should definitely contact the Social Security office. As far as I understand, SS benefits are reduced for retirees if they earn over a certain
amount each year. Something like they'll reduce the monthly SS checks by $1 for every $2 over a certain yearly income (somewhere around $14,000 or
so and then they start reducing the person's benefit checks).
BUT, they only do this for the people who have taken an early retirement. So, if your grandfather didn't retire until age 93, he definitely didn't
Anyone who waits until their full retirement age (or after) shouldn't be getting their benefits reduced at all, no matter how much money they make
each year and no matter how much money they do or don't have in the bank. The SSA should only be doing that for people who decided to retire
At least this is my understanding of how it works when it was explained to me by a tax accountant.