Farmers need to keep “earning tests” in mind when preparing for retirement

Many farmers plan on collecting social security benefits before the normal retirement age, but in doing so, they are subject to an earnings tests, which could result in reduced benefits.

Paul Neiffer with Clifton Larson Allen speaks with RFD-TV’s Janet Adkison on what farmers will have to do if income is “too high,” how retirement age ties into it, and if they will get credit for these payments.

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Ag CPA on what to keep in mind if farm income rises as retirement approaches