Hi Larry,
My wife is 64 and will retire in Jan 2018 and take her SS benefit. I understand since she is not 66 she can not earn more than about $14,000 in 2018 without taking a penalty. She will be drawing from her 401 K however and this amount may be over the $14.000 amount. My question is, Is money withdrawn from a 401 K account considered earnings toward the $14,000 limit?
Thanks,
Bob

Hi Bob,

The 2018 earnings test exempt amount is actually $17,040, not $14,000. And, money withdrawn from a 401K would not count toward the $17,040 limit.

You and your wife should strongly consider using the maximization software available on this website in order to explore your Social Security options before filing for benefits.

Best, Jerry