Can You Work While Drawing Social Security. But continuing to draw income from work might reduce the amount of your benefit if you claim Social Security before you reach full retirement age FRA the age when you qualify to collect 100 percent of the maximum benefit allowed from your earnings history. Once you reach full retirement age.
Social Security uses your highest thirty-five years of earnings to figure your benefit amount when you sign up for benefits. However your retirement age and. When you retire you can still choose to work while receiving benefits from the Social Security Administration.
The devil is in the details though.
If youre under your full retirement age however your benefits will be temporarily reduced. That added income could also mean higher income taxes and higher Medicare premiums. In general if you work more than 45 hours a month in self- employment youre not retired. You can take Social Security retirement as early as age 62.
