Working While Retired
Reading Time: 2 MinutesLast Updated: October 5, 2021
Retirement life is different for everyone. Social Security is here to secure today and tomorrow, whether you sail into the sunset or decide to continue working. Some of our rules allow you to receive Social Security retirement or survivor benefits and work at the same time, as long as you don’t make more than Social Security’s annual earnings limit. For 2021, that limit is $18,960.
If you’re younger than full retirement age and make more than the yearly earnings limit, we’ll reduce your Social Security benefits. But starting with the month you reach full retirement age, we will not reduce your benefits, no matter how much you earn. Our Retirement Portal explains the requirement and deductions, and what happens after you reach full retirement age.
Two of our online tools can help you find the information you need to make the right decision for you. You can find your full retirement age based on your date of birth by using our Retirement Age Calculator. Our Retirement Earnings Test Calculator can help you find out how much your benefits may be reduced if you are working and haven’t reached your full retirement age.
There are several things to consider if you plan to continue working after you retire. Our website gives you detailed information for the type of employment that you have. It also explains what types of pensions, annuities, and income do not count toward your earnings limits.
Additional earnings after you start collecting benefits might increase your monthly benefit. If there’s an increase, we’ll send you a letter telling you of your new benefit amount. If you think your earnings will be different than what you originally told us, let us know right away. For more information, read our publication, How Work Affects Your Benefits, or visit our website. No matter what you decide to do with your retirement life, you can count on Social Security.
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Tags: retirement, retirement benefits
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Jim Borland, Acting Deputy Commissioner for Communications
Jim Borland, Acting Deputy Commissioner for Communications
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Lonnie
I’m 62 and signed up for SS to begine in Jan.
My job will probably last a few months into 2018. My monthly income will zero out my ss benefits. My question is, is my earnings cap based on monthly earnings or yearly?
Jeff
what is the maximum amount I can make without my social security getting taxed I am full retirement age (66)
Judi F.
I am 70 and still work full time, I draw my ssn and have insurance at my job. will I be pentalized if I sign up for medicare now while I am still working?
Ray F.
Thank you for your question Judi. Generally, if you are actively working and covered under your employer’s group health insurance program, you can delay enrollment into Medicare until you stop working or the health coverage is dropped. In these situations, the size of the employer determines whether you may be able to delay Part A and Part B without having to pay a penalty if you enroll later. We always suggest that individuals speak to their personnel office, health benefits advisor, or health plan representative to see what’s best for them, and to prevent any penalties or delayed enrollment in the future. To learn more about the Medicare enrollment periods visit http://www.medicare.gov. We hope this information helps!
Linda
If I receive SSI does Social Security automatically take out for Medicare Part A and Part B? I have what is called the “original medicare” I understand that this includes part A and B; however, my Medicare Card only has A on it? How may I get clarification on exactly what coverage I have??
Ray F.
Hi Linda. Generally, we automatically deduct Medicare premiums from individuals who collect Social Security benefits. Unfortunately, but for your security, we do not have access to personal information via this blog. We suggest contacting our toll free telephone number at 1-800-772-1213 and speaking to one of our representatives for specific information on your records. Representatives are available Monday through Friday, between 7 a.m. and 7 p.m. Generally, you will have a shorter wait time if you call later in the day, or later in the week. Thanks!
Squafdonoboles
After the recent hack on Equifax I suggest setting up a two-factor sign-in on at the Social Security site in order to prevent our checks from being diverted.
Ray F.
First, we would like to let you know that, although we sometimes use Equifax to help verify your identity when setting up a my Social Security account, Social Security never shares Social Security numbers with Equifax. Click here to learn more about “extra protection”. For concerns regarding the Equifax data breach, please contact Equifax directly at 866-447-7559 or http://www.equifaxsecurity2017.com/. Thanks!
jose c.
I retired at 62 (early), and I started getting benefits at that time. my question is: I have two children under age (4 months and 12 years) with a woman who is not my wife. Can my children receive any benefits and how do I go about it. They were born and live in Mexico with their mother who is living with another man.
Ann C.
Hi, Jose. An unmarried child under age 18 may be eligible for benefits on your record. Since the children live with their mother in Mexico, she can contact her local U.S. Embassy or Consulate to inquire about any possible benefits. Thanks.
Norm
Yes, generally speaking, If you acknowledge parentage in writing
tony
I am on Social Security Disability. If I sue a prospective employer for employment discrimination and future wages, then will my Social Security be offset.
I am too lazy to work, but will this future wage earning offset my Social Security Disability. If I keep on filing out job applications, then sooner or later someone is going to discriminate against me when I ask for accommodation.