Starting with the month you reach full retirement age, you will get your benefits with no limit on your earnings. These new rules apply for the entire year of 2000, starting in January."
Can someone explain to me what they mean by no limit on your earnings??
does this mean you can go and get a job and make as much as you want and still get your ssretirement?? from the govn.?
isnt this what im reading???
2007-09-19 12:01:59 · 3 answers · asked by toenail 2 in Business & Finance ➔ Taxes ➔ United States
Yes, that's what you are reading. If you are collecting social security but aren't yet at full retirement age (say you took it at 62), then if you made over a certain limit (a little under $13K a year, I believe) your social security would be docked $1 for every $2 you were over the limit. But if you're at full retirement age, which is 65-67 depending on when you were born, then you can make any amount of income and still get your full ss.
2007-09-19 14:31:00 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Yep. If you start working, once you reach retirement age, you can earn as much as you want without deducting from your benefits. Working after retirement can actually benefit you or your survivors in the future.
I included the link if it helps.
http://www.ssa.gov/retire2/whileworking.htm
2007-09-20 02:00:03 · answer #2 · answered by Celeste 6 · 0⤊ 0⤋
It means that you can get your social security retirement benefit even if you get a job and make as much as you want.
It does not mean that you will be able to find an employer willing to hire you and pay as much as you want.
2007-09-19 12:13:20 · answer #3 · answered by StephenWeinstein 7 · 0⤊ 0⤋