www.ChadPeshke.com
  • Services
    • Tax Preparation
    • Home Loans
    • Personal Finance Coaching
  • About Us
    • Meet Chad
    • Meet Emilie
    • Chad's Story
  • Client Resources
    • Tax Resources
    • Home Loan Resources
    • Financial Coaching Resources
  • E-News
  • Client Reviews
  • Contact Us
  • Services
    • Tax Preparation
    • Home Loans
    • Personal Finance Coaching
  • About Us
    • Meet Chad
    • Meet Emilie
    • Chad's Story
  • Client Resources
    • Tax Resources
    • Home Loan Resources
    • Financial Coaching Resources
  • E-News
  • Client Reviews
  • Contact Us
Search by typing & pressing enter

YOUR CART

What happens if I work while receiving Social Security?


It is possible to receive Social Security income while still working. However, it’s important to understand the impact this setup could have on your Social Security benefit.

Once you reach full retirement age, your benefits are not reduced, regardless of how much you earn from your work.

However, if you’re younger than the full retirement age and make more than the yearly earnings limit, Social Security will reduce your benefit by $1 for every $2 you earn above the annual limit. That limit is $19,560 for 2022.

It’s important to note that income such as pensions, annuities, interest, investments, and government pay are not included in the work earnings annual limit figure. That figure is reserved namely for employee wages and self-employment income.

Visit www.ssa.gov for more information about Social Security benefits. The site also has great tools to help you figure your full retirement age, as well as a retirement age calculator and retirement earnings test calculator (to find out how much your benefits are reduced by outside earnings).

Updated 1/10/2022
Picture
CALL:
​(877) 970-9400
​
FAX:
​(877) 970-9401
FREQUENT:
Home Page (Services)
Send Documents Securely
Pay Your Invoice
LICENSURE:
See Individual Profiles
LOCATIONS:
​Mission Viejo, CA
Meridian, ID
​​Copyright © 2022 Chad Peshke LLC, All rights reserved. NMLS #2244878. Material contained in this website is for informational purposes only and is not meant to be construed as direct financial advice for your specific situation. It's recommended that you consult with your own advisors for personalized financial guidance. Since we're not licensed attorneys, we cannot provide legal advice. As such, any info contained in this website should not be construed as direct legal advice. While Chad Peshke LCC is registered/approved with CA & ID, the trade name "CP" is not approved to be used in ID. This has no impact on our ability to legally do business in CA & ID as Chad Peshke LLC.