Updated 02/05/2013 09:35 AM   |   ID# 335

Counting earnings in the first year of retirement

I am working and plan to retire mid-year. Will Social Security count the amount I earn from January 1 or from the date I retire?


If you retire mid-year, we count your earnings for the entire year. We have a special earnings test rule we apply to annual earnings-usually the first year of retirement. Under this rule, you get a full check for any whole month we consider you retired regardless of your yearly earnings. We consider you retired during any month your earnings are $1,260 or less, or if you have not performed substantial services in self-employment. We do not count income earned, beginning with the month you reach full retirement age.

More Information
Image

Apply Online For Retirement Benefits

 

Give us some feedback.

Did this answer your question?
 
Please tell us why this did not answer your question, and how we can make it more useful. Please do not include your Social Security Number or any other personal information since we only collect your responses to help us improve our answers.

Sorry, we cannot respond to your feedback.


Didn't find what you were looking for?