Can I still work and Receive Social Security Retirement Benefits?

You may have questions in regarding working while receiving Social Security benefits. There are factors that feed into this that will affect your payments. These factors include both your age and the amount of money that you’re earning.

Social Security Retirement Benefits

What age has to do with it:

– You can apply online if you are at least 61 years and nine months old and you want benefits no more than four months in the future.

– Your full retirement age is usually between the ages of 66 and 67.

– You can start receiving benefits between age 62 and age 70.

– Monthly benefits will be less if you start them before your full retirement age.

– You can receive delayed retirement credits if they start after your full retirement age.

Receiving benefits while still working:

– You can work while receiving Social Security retirement benefits. This could also mean a higher benefit for you in the future.

– Your benefits are recalculated depending on your income. Each year records are reviewed. If your earnings for the year before are higher than the year that was used to compute benefits, the benefit amount is recalculated.

– If you’re younger than full retirement age for the entire year, one dollar is deducted from your benefits for every two dollars that are earned above the annual limit. The limit this year is $16,920.

– During the year in which you reach full retirement age, one dollar is deducted for every three dollars that you earn above the limit. For this year, the limit is $44,880, but earnings are only counted the months before you reach full retirement age.

– Once you reach full retirement age, your earnings no longer reduce our benefits. You can earn as much as you want! The benefit amount is also recalculated to leave out months when these were reduced because of excess earnings.

– If you work outside of the U.S., these rules are different. See this page for more information on that: Work Outside the United States.

– If you aren’t receiving benefits already, be sure to contact the SSA at the beginning of the year in which you will reach your full retirement age. If you are still working, it’s possible that you may be able to receive either some of all of your benefits during the months before you reach your full retirement age.

It is possible to continue working while you’re receiving benefits. Take note of the circumstances above to make sure you’re following the proper procedures during this time. You don’t have to give up working or hesitate on starting something new.

Thank you for reading our blog! Contact us if you have any questions in regard to the information above.

Leave a Reply

Your email address will not be published. Required fields are marked *

What Will Social Security Do When It Finds an Overpayment?

Although it is unusual for the Social Security Administration (SSA) to pay you more benefits than you are due, mistakes do happen. When overpayment does occur, you can expect the SSA to notify you of the issue. Along with a notification, the SSA will explain what will happen next to correct the discrepancy and notify […]

May 4th, 2018

Can I Get Disability for Graves’ Disease?

Graves’ disease is the most common type of hyperthyroidism, responsible for anywhere from 50 to 60 percent of the 500,000 of the cases diagnosed in the US each year. It can occur in patients of any age or sex but is most commonly found in women over the age of 20. This unique endocrine disorder […]

May 2nd, 2018

Does Parkinson’s Disease Qualify for Disability Benefits?

The Social Security Administration (SSA) does grant benefits for people who are suffering from Parkinson’s disease (PD) under certain conditions. To qualify for benefits, you must meet the criteria established by the SSA for parkinsonism, or Parkinsonian syndrome—the collective term for the various symptoms commonly associated with Parkinson’s disease. What Are the Symptoms of Parkinson’s […]

April 25th, 2018

Knowing Who Can Receive Social Security Benefits From Your Account

As you work, you also pay into Social Security, and those benefits can be used for more than just yourself if life throws a terrible curve ball in your direction. Knowing who can receive benefits from your Social Security payments can become a critical piece of information, so here’s a quick rundown of how Social […]

February 23rd, 2018

We have offices located across North Carolina for your convenience, where you can meet with an attorney as needed ***(by appointment only):

  • 5306 NC Hwy 55
    Suite 101
    Durham, NC 27713
  • 1100 Logger Ct
    Raleigh, NC 27609
  • 615 St George Square Ct #300
    NC 27103
  • 6047 Tyvola Glen Cir
    Charlotte, NC 28217
  • Mailing Address:
    500 Westover Dr #2093
    Sanford, NC 27330