Font Size
    • Share to Facebook
    • Twitter
    • Email
    • Print

I want to begin benefits in August. How much can I work and earn while drawing SS benefits?

Q. I want to begin benefits in August. How much can I work and earn while drawing SS benefits?

A. In the first year of retirement - and in that year alone - a monthly earnings test is used. The monthly test is 1/12th of the annual amount ($1,260 in 2013). After benefits begin, no benefit whatsoever is payable for any month that earnings exceed the monthly limit. The monthly test permits retirement benefits to begin in mid-year without regard to how much is earned before benefits begin. Even in the first year of retirement, the annual test can be used if it permits more months of benefits to be paid. If the annual test is used, all earnings for the year must be considered.


Subscribe e-Alerts

Sign up to receive National Committee updates on Social Security and Medicare.

Read Our Blog

What Are the Social Security & Medicare Questions You'd Ask Candidates in Monday’s Debate?

Presidential Candidates Hillary Clinton and Donald Trump meet in their widely-anticipated and already heavily-analyzed first debate on Monday. NBC’s Lester Holt will moderate. We’ve already thrown in our two cents on why we believe Social Security and Medicare should be included in this debate (and it’s not because, as the U.S. Chamber of Commerce claims, benefits need to be cut to reduce the deficit).

Read More




 

         

 

Copyright © 2016 by NCPSSM
Login  |