What to do if you’ve earned more than the yearly Social Security limit in the months before you retire

Sometimes people younger than full retirement age retire in the middle of the year and have already earned more than the yearly earnings limit. There is a special rule that applies to earnings for one year, usually the first year of retirement. Under this rule, you can get a full Social Security benefit for any whole month you are retired, regardless of your yearly earnings.

You can still work and collect Social Security benefits, to a point.  To calculate how much you can collect based on your earnings, visit this page or contact your ShindelRock tax professional.