Hi Larry

I am collecting spousal railroad retirement benefits that started when I was age 60. I am currently 62, be 63 in October. My husband turned 66 in April, 2020 I am also a realtor which I started as a second career after I started collecting RR spousal retirement. Last year I had net income (after expenses) under 10,000. This year it seems I will have much higher income about 20,000 above the 18,000 limit. The real estate business is variable as it can be feast or famine. My question is when do I need to report this and how will this affect my current and future railroad retirement payments. Thanks for your help

sue

HI Sue,

I'm sorry, but my expertise is limited to Social Security benefits, not Railroad Retirement. You may want to direct your question to the Railroad Retirement Board, or refer to their website: https://rrb.gov/Benefits/G-77A.

Best, Jerry