“Well, Tom, you see, I’m a farmer. I got me about 100 acres of beans, and I really only work two months a year. I plant those beans in April and I harvest them in October. The rest of the time, I’m pretty much sitting on my butt. Oh, I mend a fence or two and work on my equipment. But that don’t take no 45 hours, so I want my Social Security check for the other 10 months of the year.”
What’s that all about? I’ll get back to the bean farmer in just a bit. But first, I’ve got to tell you all about the Social Security “retirement test,” and especially how it applies to self-employed people….