Local News

Social Security Discusses Working While Receiving Retirement Benefits

As we hit the midpoint of the year, those who may have retired at the beginning of the year could be finding themselves with the urge to return to part-time employment to pass the time.


Jack Myers with Social Security explains that if you receive disability based Social Security benefits or SSI benefits, different rules apply, and you must report all earnings. 

 

According to Myers, if you reach full retirement age this year, you can earn up to $65,160 between January and the month before you attain full retirement age.

 

Myers points out to keep in mind that these limits only pertain if you choose to collect monthly benefits prior to attainment of full retirement. Additionally, these limits only apply to earned income, gross wages, or net earnings from self-employment. 

 

We'll have more with Myers next week on some of the other specific scenarios relating to returning to work while receiving retirement benefits. In the meantime, visit ssa.gov for more. 
 

Townhall Top of the Hour News

 

Local Weather - Sponsored By:

CLINTON WEATHER

Local News

DeWittDN on Facebook