Q. I know that the Social Security supplement is reduced for any earnings above $14,640 (in fiscal year 2012). If I retire under FERS at my minimum retirement age but my wife keeps working at her job, will her earnings count toward that $14,640? Also, would distributions from my Thrift Savings Plan count toward it?
A. Mike: Your TSP distributions do not count as earned income.
Reg: The Social Security earnings limit applies only to your own earnings from wages and self-employment, not anything else.