Possible to Work and Collect Benefits
Depending on your age and how much you make, it is possible to continue working and collect Social Security at the same time. There are certain restrictions to this rule.
Q. I have a friend who is still working full time at age 74, earning about $40,000. He told me he is also collecting full Social Security benefits. Is that possible and, if so, why? That doesn’t seem right to me, especially since Social Security is in jeopardy.
A. Your friend’s age makes it legal for him to collect full benefits and earn as much as he does, said employment attorney Troy G. Rosasco of Turley, Redmond, Rosasco & Rosasco in Ronkonkoma, N.Y.
“If you work and are full … retirement age or older, you may keep all of your Social Security retirement benefits, no matter how much you earn,” Rosasco said.
Social Security’s full retirement age for people born in 1942 or earlier, a category your friend falls into, is 65. On the other hand, let’s say you chose to receive benefits before full… continue reading
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