Earnings Test

Can I Earn As Much As Possible When I Reach Full Retirement Age?

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I can retire early in Aug. I know how much I will be earning. But I have been working on social media and what if it takes off and I make good money at it? I understand that while I am retired early that extra money will be taken out of my retirement. But what about when I get to full retirement? Will I then be able to earn as much as possible, or am I stuck with the small amount allowed with early retirement?
Daniel

Hi Daniel,

Can I Help Out My Former Employer Temporarily Without Being Penalized On My SS?

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i am 64 years old and am collecting my widows benefit ss. My old employer has asked me to come in and help them out for a couple of weeks. Can I do this without being penalized on my ss

Hi,

Yes, unless your earnings will be higher than $16,920 this year (https://www.ssa.gov/planners/retire/whileworking2.html).

Best, Jerry

What Happens If I Get A High-Paying Job?

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Hi Larry!
Nearly, two years ago, I started to collect Social Security benefits due to an extended unemployment period and some, at the time, worrisome health-related issues. I was 62 at the time and now I am almost 64 and I am soon to be offered the job of a lifetime with a six-figure income. What happens now?
Thanks, in advance, for your time and consideration!
Best Regards!
LEE

Hi Lee,

Will The Earnings Test Affect My Benefits?

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My wife's birthdate is April 1951. she has just applied for her social security as she has reached FRA. My birthdate is June 1951. Upon reaching FRA in June I was planning to file and suspend my benefit and then apply for my spousal benefit allowing my benefit to grow till 70. When she went into the SSA office, the employee told her that I could do that but my benefit amount would be affected if I was still working full time which I was planning to do.

Can I Return To Work And Still Receive Benefits?

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I am 69, retired and currently receive full social security benefits, can I return to work fulltime and continue receiving my social security benefits? Are there penalties involved?

Hi,

Yes, you can. There is no limit on earnings once you reach full retirement age (https://www.ssa.gov/planners/retire/whileworking2.html). There wouldn't be any penalties that I can think of, other than potential additional Social Security and income taxes.

Best, Jerry

Will I Be Penalized For Earnings Prior To When I Start Drawing Benefits?

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I am turning 66 in Sept 2017, still working, if I begin taking SS benefits 9/1/17 at full retirement age, will I be penalized for the first part of the year that I worked.

Hi,

No. You can be paid starting with the month you turn full retirement age, regardless of how much you earn before or after that. You may want to consider running the maximization software available on this website before you file, though. You may have better filing options available to you.

Best, Jerry

Will My Earnings Affect My Payments?

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I am retiring from teaching school this year in may I am 63. This year I have made 37,000 dollars teaching school that is paid up until August. I have applied for social security . Will I recieve a full payment in september or will it be lower because of the 16900.20

Hi,

You can be paid your full check for any month in which you earn $1,410 or less this year regardless of the amount of your total earnings for the year (https://www.ssa.gov/planners/retire/rule.html).