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Working While Receiving Social Security
Those that have not reached full retirement age and are collecting Social Security benefits are subject to an earnings limit of $1,470 per month or $17,640 per year in 2019. Once you have reached your full retirement age, there is no limit on how much you can earn while collecting. Rachel Hartman’s piece explains some of the nuances of part-time work and collecting benefits, the change that occurs at age 66 (if full retirement age is 67), taxation of benefits, and how one gets back any “penalty” one pays by earning too much. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.