Home About Us Resources Account View Login Contact Us Richard Gerrity, CPA, CLU, ChFC connect Working While Collecting Social Security Benefits What Will My Net Social Security Benefit Be? If you are collecting Social Security benefits and working, your earnings will reduce your Social Security benefit. If you are under full retirement age for the entire year, your benefits will be reduced $1 for every $2 you earn above the annual limit. In the year you reach full retirement age, your benefits will be reduced $1 for every $3 you earn above a different annual limit, but only until the month you reach full retirement age. You can use this calculator to help determine the effect on your Social Security income from working before reaching your full retirement age. Your current annual earnings excluding Social Security benefit: 0 25k 50k 75k 100k Your age: 62 63 64 65 66 Previous Next Calculate This hypothetical example is used for illustrative purposes only. Actual results will vary. This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2021 Broadridge Investor Communication Solutions, Inc. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA | SIPC. The LPL registered representative may only discuss securities or transact business with persons who are residents of CA, DE, FL, GA, IN, KY, ME, MI, MT, NJ, NY, NC, OH, PA, SC, TN, TX, VA, WA. Site Map Back To Top