Social Security News
How much can you earn without losing
Social Security income?
March 7, 2015 - Questions answered
for seniors by the Social Security Administration
I am 66 years old, and I have been receiving Social
Security benefits since I turned 62. I am considering working once
again. What is the maximum amount I can earn before my Social Security
benefits are affected?
I have great news! There is no longer an annual
earnings limit once a person reaches full retirement age. You attained
your full retirement age the month you reached age 66. Full retirement
age is currently 66 for anyone born between the years 1943 and 1954. You
can work and make as much as possible without the earnings affecting
your Social Security benefits. You can find more details about this at
http://ssa.gov/retire2/whileworking.htm. If a person was born in 1955
or later, then their full retirement age is other than 66. Please visit
our website to see the full retirement age for people born after 1954,
I plan to start receiving my Social Security
retirement later this year at the age of 62. Will my ex-wife be able to
claim half of it when I turn 62, or does she have to wait until she
reaches 62 before she can claim benefits on my record?
Your ex-wife is eligible for benefits on your
record if the two of you were married at least 10 years. Your ex-wife
would have to be at least 62 in order to claim any benefits on your
It is worth noting that if she does file for
divorced spouses benefits on your record it would not reduce your
benefit at all.
Although she can receive up to 50% of your full
benefit amount, she would have to be at her own full retirement age in
order to receive that amount. If she applies at age 62 then she is not
eligible to receive 50% of your full benefit amount. She would be
eligible for closer to 35%, not 50%, at age 62.
If she is filing for benefits before she is full
retirement age, she will have to claim her own Social Security
retirement benefit (if she qualifies on her own) first and then Social
Security will check if she is able to receive any additional benefit as
a divorced spouse.
If her own retirement is more than the divorced
spouses benefit, then she would only receive her retirement benefit. A
person in this situation can only receive the higher of the two amounts.
Also, if you were to pass away, she could revisit her eligibility on
your record as a divorced widow.
Oscar Garcia is a Public Affairs Specialist with
the Social Security Administration. You can direct your questions to him
at: SSA, 411 Richland Hills Drive, San Antonio, Texas, 78245. You can
also email him at email@example.com.