Outside Earnings
The amount of income an elderly individual under the age of 70 has earned outside of his or her social security benefits.
Investopedia Commentary
Seniors could face a reduction in social security payments or possibly even cancellation if the outside earnings are substantial.
Related Links
Introductory Tour through Retirement Plans
Supplementing Your Retirement Income with IRAs
See also: Ability to Pay, Audit, Gross Income, Income Tax, Medicare Wages, Social Security, Taxes