How Much Can You Earn Without Losing Your Social Security Benefits?
Unfortunately, in some cases, working while
receiving Social Security benefits can affect your monthly checks.
If you are on disability, earning too much money
could cause you to lose eligibility entirely.
How Much Can You Earn Without
Losing Social Security Retirement Benefits?
The impact of work on your Social Security
retirement benefits will vary depending on whether
you have reached Full Retirement Age (FRA).
FRA is the age at which you’re entitled to
claim full retirement benefits without a reduction
due to filing early.
Your FRA depends on your birth year,
as the chart below shows. If you’ve already reached it,
you can work as much as you want without affecting
your benefits. If you’re below it, you can do some work,
but some of your benefits checks could be withheld
if you earn too much.
Born In FRA
| 1937 or earlier | 65 |
| 1938 | 65 and 2 months |
| 1939 | 65 and 4 months |
| 1940 | 65 and 6 months |
| 1941 | 65 and 8 months |
| 1942 | 65 and 10 months |
| 1943-1954 | 66 |
| 1955 | 66 and 2 months |
| 1956 | 66 and 4 months |
| 1957 | 66 and 6 months |
| 1958 | 66 and 8 months |
| 1959 | 66 and 10 months |
| 1960 or later | 67 |
The earliest you can claim Social Security is 62,
but if you were born in 1943 or later, the earliest
you’ll reach FRA is 66. This means you could
both work and earn Social Security benefits for
as long as four to five years before you reach the
year you’ll hit FRA. In any of these years, your benefits
will be reduced by $1 for every $2 earned above a set income limit.
The amount you can earn without affecting benefits
changes each year. For 2019, the limit is $17,640.
This is the limit that applies to you if you will not hit
FRA in 2019 but are working and receiving Social
Security benefits at the same time during this year
Reach Out To Me If You Have Questions.
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