Once you have reached full retirement age, any earnings will not affect your Social Security benefits. However, if you are receiving Social Security Benefits and still working before your full retirement age, any earnings above the maximum allowable dollar amount would reduce your benefits. Full retirement age is 66 for anyone born from 1943 to 1954 and gradually increases to 67 for anyone born after 1960.
The actual maximum dollar amount that a Social Security Benefits recipient can earn is a total of $14,100.00 per year.
Under topics of interest at www.socialsecurity.gov , you can find a link entitled Working And Getting Social Security At The Same Time, which can be a great tool to assist you in staying below the limit and still working full or part-time.
One of the best tools that the Social Security Administration has for helping anyone who has questions about Social Security Benefits is the Benefit Eligibility Screening Tool (BEST). This tool will help a potential Social Security Benefit recipient to know any and all programs that they might be eligible for, such as Medicare, Social Security Retirement, Social Security Disability, Social Security Survivors, Supplemental Security Income (SSI) and Special Veterans Benefits. BEST will not screen for Medicare prescription drug plans and, in the event that you are eligible for Medicare, you may also be eligible for the Medicare prescription drug plan. BEST does not ask for an applicant’s Social Security number nor any other personal information. It will not tell you how much you might be eligible for, so if that is the information you need, it’s better to call the Social Security office, so that they can calculate that for you if BEST tells you that you are indeed eligible for Social Security benefits. You can also find out how much you are eligible for by using the handy Benefits Calculator online, which will calculate it for you.