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Social Security Question:
earnings in the year before full retirement
Social Security Answer:
I will earn full retirement on JAN,.3 2013
If I decide to start collecting one year early: 01/03/2011, I can earn up to $33,000.00 with no penalty?
Support Replied ~ 01-22-2011 15:07:13
You will turn age 66 on 1/3/2013. That means that you will be able to earn $33000 between January and December 2012. The penalty will be $1 for every $3 earned over that. If you start on 1/3/2011, it will be 2 yrs early. In 2011, you are stuck with the $14160.00 amount........Carol
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You should consult with your local Social Security Office before acting upon any information received as a response to your question on "Social Security Advisor".
"Social Security Advisor" is intended to provide accurate and authoritative information with regard to the subject matter covered. It is offered with the understanding that neither the publisher nor the author is engaged in rendering legal, accounting, investment or other professional advice or services.
Information obtained from RetirementCommunity.com, including e-mail responses from "Social Security Advisor" should be considered as general educational information. You must never rely upon the advice given here. Your individual situation may not fit the generalizations discussed. Only your local Social Security office can evaluate your individual situation and give you advice.
|In the news:
Read Carols comments in this BankRate.com Social Security article
Thank you so much. The amount of infomation you provided on our call went a long way in helping to resolve the issues I had with the social security rep I was working with.
Tom F. 05-18-2018
Thank you so much. You provide a fantastic service and I really appreciate all your help. The next time I have a question regarding Social Security I will go to you first and save myself a lot of time.
Carol J. 05-06-2018
Thanks for the straight forward answers. It would have save a lot of time if I knew about this site months ago.
Emily D. 04-25-2018
Great talking with you and thanks for the help. Things now seem to be going in the right direction.
Chris H. 04-25-2018
Hello, thank you so much for responding to my inquiry, I really did not expect to get an answer from you so quickly. Brought the information you sent to my social security office an the issue, i have been dealing with for months, was resolved in an hour.
Veda M. 04-05-2018
Thank you so much for the reply.
Tom C. 03-06-2018
Thank you so much for returning my email so quickly.
Laverne J. 02-24-2018