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Some income received by a self-employed person after retirement may not affect benefit checks, Bruce A. Hundley, Social Security manager in Culpeper, said recently.
The general rule is all selfemployment income received by a person in a year can affect his or her right to benefits. An important exception to this rule applies to income received after retirement which was earned before that time.
Those affected by this exception include:
— Farmers who sell carryover crops in a year after the year of retirement but were raised, harvested, and stored before then.
—Self-employed life insurance agents who receive renewal commissions after retirement from policies sold before then.
— Retired partners who receive a share of the part
70.3%