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LawTalk, Attorney
Category: Social Security
Satisfied Customers: 34885
Experience:  I have 30 years of legal and litigation experience, including representing clients before the U.S. Social Security Administration.
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I am currently 65 and 1mo......I do not become 66 until

Customer Question

I am currently 65 and 1mo......I do not become 66 until August of 2017....What is the maximum I can make without penalty through this year. I believe that in2017 I can make 41K with out penalty, correct?
JA: The Retirement Accountant will know how to help. Is there anything else the Retirement Accountant should be aware of?
Customer: no
Submitted: 2 months ago.
Category: Social Security
Expert:  LawTalk replied 2 months ago.

Good afternoon,

I'm Doug, and I'm sorry to hear of the confusion. My goal is to provide you with excellent service today.

If you were to take social security retirement beginning next month, you could continue to work so long as you earned less than $15,720 in all of 2016. If you are under full retirement age for the entire year, social security will deduct $1 from your benefit payments for every $2 you earn above the annual limit. So you may not be able to qualify this year if you earn more than about $40,000 in 2016.

For 2017, if you were to collect social security retirement beginning in January, you could earn as much as $41,880 between January 1, 2107 and July 31, 2017 without any penalty for earning too much. After you reach 66, there is no limit on your income.

You may reply back to me using the Reply link and I will be happy to continue to assist you until I am able to address your concerns, to your satisfaction.

I hope that I have been able to fully answer your question. As I am not an employee of JustAnswer, please be so kind as to rate my service to you. That is the only way I am compensated for assisting you. Thank you in advance.

I wish you and yours the best in 2016,


Expert:  LawTalk replied 2 months ago.

This seems like a very crucial matter for you, and your questions and issues suggest that an in-depth conversation might best suit your needs. If you are interested, for a very nominal charge I can offer you a private phone conference as opposed to continuing in this question and answer thread which is searchable and viewable by the public.

Please know that I answered your question in good faith, and with the expectation that you would act similarly and rate my service to you. If I have already provided you with the information you asked for and you have no additional questions, would you please now rate my service to you so I can be compensated for assisting you?

Thanks in advance,


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