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dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3427
Experience:  37 plus years of SSD practice
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I have reached the age of 62, almost 63. If I collect Social

Customer Question

I have reached the age of 62, almost 63. If I collect Social Security now, how much am I allowed to make working, without being penalized?
JA: The retirement accountant will know how to help. Please tell me more, so we can help you best.
Customer: I am diabetic with chronic larengytis, working part - full time.
JA: Is there anything else important you think the retirement accountant should know?
Customer: No
Submitted: 25 days ago.
Category: Social Security
Expert:  Lane replied 25 days ago.

Hi. My name's Lane. I can help you here.


For someone between age 62 and full retirement age of 66, they will reduce your Social Security by $1 for every $2 that you earn over an annual limit.


That limit for 2016 is $15720.


Then at age 66 you can earn as much as you like with no benefit.


AND your benefit is adjusted by a formula that (over time, about 15 year) gets that reduction for earning more than 15720 back to you.

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