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I wouldn't worry about it ,Jack
(lemmy.world)
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this post was submitted on 24 Jun 2024
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I cannot functionally tell the difference from doing 2 hours of work at a Hampton vacation home and being retired. So I would say "not necessarily".
It’s a dollar amount in America though.
You’re allowed to work as many hours as you want and continue to collect Social Security once you reach full retirement age. You’ll be taxed on your earned income as well as Social Security benefits.
https://www.ssa.gov/benefits/retirement/planner/whileworking.html
That's my point. A billionaire owner can be functionally retired while still being "employed". A worker who's 65 years old cannot.