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Working and Social Security - MSN.com
One of the most common questions we get asked as a Social Security Advisor at the AMAC Foundation is, “If I take my benefits before my full retirement age (FRA), how much can I earn?” When you start your benefits at your full retirement age (FRA), you can collect 100% of your Social Security benefits and earn as much money as you want. (But look out for Uncle Sam, he may want his fair share of taxes, but that is a different topic.).
When you start your benefits before your FRA, you are subject to an earnings limit. If you go over the earnings limit for the year, Social Security will withhold $1 for every $2 you go over. In the year you reach your FRA, Social Security will withhold $1 for every $3 you go over before the month you reach your FRA, and the earnings limit ends. The following article by Gabriela Leon explains what happens when you take your benefits early, continue to work, and go over the earnings limit. Read the full article here ….
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