• Question
  • working while retired

    Asked by someone from Coshocton, OH on 11/4/2016

    My husband is collecting soc sec and retirement. How much can he make working without it affecting anything. He just turned 64 today. His paystub says yearly total to date is $14467.00. Is he over? Are we going to be screwed?

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  • Categories: Work Penalties, Social Security

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • For 2015 the work penalty limit is $15,720 - so for every $2 over that limit he'll postpone $1 in Social Security income. This limit goes away once he hits his full retirement age - likely 66.

    https://www.newretirement.com/answers/13300/for-2016-what-is-the-annual-limit-for-social-security-retirement.aspx

  • Login to rate this answer:   Answered on 12/18/2016
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.