age of person that can make as much as they want with social security
As you know, Social Security has an earnings penalty, which governs how much money you can make while at the same time receiving benefits. Exceed an annual cap (it's currently $14,160 a year) and you'll lose part or even all of your benefit. After full retirement age, you can earn as much as you want. by Stan Hinden, AARP Bulletin, Updated February 2012|Comments: 0. En español | Q. I'd like to know when I can take my Social Security and continue to earn as much money as I want without losing any of my benefits. I was born on April 28, 1946. As I said before, once you reach full retirement age, which in your case is 66, you are no longer effected by the earnings cap. So, at age 66, you can earn as much as you can in addition to what you receive from SS and your SS check will not decrease. If you will reach full retirement age in 2016, the limit on your earnings for the months before full retirement age is $41,880. Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings. After full retirement age, you can earn as much as you want. En español | Q. I'd like to know when I can take my Social Security and continue to earn as much money as I want without losing any of my benefits. I was born on April 28, 1946. what is the age for someone born in 1947 and someone born in. what is the age for someone born in 1947 and someone born in 1950 to receive full s.s. benefits, and at what age can each of them make as much money as they want, without affecting their s.s. Comments and Questions. You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, we will reduce your benefit. Starting with the month you reach full retirement age, we will not reduce your benefits no matter how much you earn. However, the penalty applies only to people between 62 and full retirement age. If you decide to wait until 66, you should apply to Social Security three months before your birthday. You can apply online, by phone (1-800-772-1213) or by going to a local Social Security office (call ahead for an appointment). See below the chart produced by the SSA. As you can see, it is at age 66. Further, after reaching age 66, there is no longer an income limitation. So the $14800 per year does not apply. Therefore if you do exceed this amount, the two dollar for every one dollar rule does not apply. Resolved Question: what is the age for someone born in 1947 and someone born in 1950 to receive full s.s. benefits, and at what age can each of them make as much money as they want, without affecting their s.s.
Until 66