You can earn any amount and still collect some of your SSB at the age of 63 but if you earn more than 14160 in the year 2009 or 2010 the earning test amount will apply to above this amount until the year that you reach your FRA the earnings test amount will apply and the amounts usually change each year.
Go to the SSA gov web site and use the search box for EARNINGS TEST AMOUNT
Click on the below Related Link
Earnings limits for 2011 are unchanged from 2010.
The earnings limit for 2011 for people below full retirement age (65 for people born before 1943; 66 for those born between 1943 and 1954) is $14,160.
If you retire at age 63, you can earn any amount before retirement without incurring a penalty; however, once you retire, you can only earn $1,180 per month. If you earn more than the income limit, SSA will deduct $1.00 for every extra $2.00 earned.
Your benefit check will be withheld beginning in January of the following year until the overage is completely offset. This can result in no Social Security income for a number of months, depending on how far you went over the limit.
Earnings limits in 2011 are unchanged from 2010. For the 2011 tax year, the answer depends on your age and whether you're drawing Social Security benefits for retirement or disability.
Retirement
If you've reached full retirement age (65 for people born prior to 1943; 66 for people born between 1943 and 1954), there is no limit to how much you can earn.
In the year you reach full retirement age, you can earn $37,680 annually, but for every $3.00 over the limit, $1.00 is withheld from your benefits until the month your reach full retirement age.
If you are under full retirement age, you can earn $14,160 per year without incurring a penalty. For every $2.00 over the limit, $1.00 is withheld from benefits.
Disability
People on disability can earn up to $1,000 per month ($12,000 per year) for most disabilities, or $1,640 per month ($19,680 per year) for anyone legally blind. Earning more than these limits would be considered engaging in Substantial Gainful Activity (SGA), would trigger a continuing disability review, and likely result in an end to the person's disability status with Social Security.
Any month a disabled person earns more than $720.00 is counted toward the nine-month trial work period, and may result in a continuing disability review (CDR).
For more information, see Sources and Related Links, below.
when i was 16 years old i was earn monthly 1500 dollar
Social Security payments received upon retirement depend almost entirely on the amount of money that has been paid into the system in the working years before that time. How much work is done and what income is earned are the main factors. Also important are the legal guidelines of the Social Security system itself at the time of one's retirement.
It depends on the date of birth and persons age or if there is a disability. To collect social security benefits you must first apply and show why you are eligible. Even when totally disabled you can still be denied benefits and need an attorney to help you receive benefits.
No. Social Security does not pay prisoners.
Social Security has been in trouble for years and years, I will never see my money, this I know.
The person is on social security benefits at this time and has been since ten years ago.
The Social Security Administration averages your income for your 35 highest earning years.
How much money can I earn monthly while on Social Security disability Insurance
It depends on several factors. First of all if your entire working career has been as a teacher in one of the 14 states whose teachers do not pay into social security, then the answer would be that you would receive no social security benefit because you never paid any money into it. Now, lets say you work as a teacher for 15 years in a state whose teachers DO pay into social security, such as Pennsylvania. You then decide to work for 15 years as a teacher in Ohio whose teachers do NOT pay into social security. Once you retire, you would indeed get social security due to the fact you worked 15 years in PA and paid into SS. HOWEVER, you would take a hit (called the Windfall Provision) because you are also collecting money from Ohio's pension.
Social Security Retirement Age is sixty two years of age
Social Security numbers were first issued by the Social Security Administration in November 1935, more than 2400 years after Pythagoras died.
Yes, as long as you qualified for both of them individually. Mind you though, 4 states will offset your unemployment benefits by a portion of your Social Security benefits (Illinois, Louisiana, Utah, and Virginia).