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Will My Earnings Affect My Payments?
I am retiring from teaching school this year in may I am 63. This year I have made 37,000 dollars teaching school that is paid up until August. I have applied for social security . Will I recieve a full payment in september or will it be lower because of the 16900.20
Hi,
You can be paid your full check for any month in which you earn $1,410 or less this year regardless of the amount of your total earnings for the year (https://www.ssa.gov/planners/retire/rule.html).
Of course, however, since you are starting your benefits prior to full retirement age, your benefit rate will be reduced for age. You may want to consider using the maximization software available on this website in order to determine if you have better options.
Best, Jerry
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April 26, 2017