PFRDA

My understanding of the current social security rules are that a person under the age of 65 can work and make?

$945 a month. Net Or Gross? Also is other than SS non-taxable income figured into this allowable amount of $945 a month.? If you make say $800 in say January can you apply the excess $195 to say February or another month in the same year? So I guess a question could be is $945 x 12 = $11,340 annually [able to make in a year] or is it calculated on a monthly basis? Do the $'s rollover I guess would be a better way of saying it? Thanks in advance for any help.... By the way I will be 62 in about 3 months and I an not totally ready for the rocking chair. I wonder if I start a home online business how the ss admin. will treat situation... Net, Gross, Before Or after Expenses? Can you have any money in the bank and still draw SS? Ahh! So many questions for such an old man!

Public Comments

1. From 62 to 65, you're allowed to make 12,995 per year without effecting your social security. If you're still working full time, stay there. I am 63.5 and have been out of work for over 2 years. I applied for social security at 62 and luckily for me my wife makes good money and I always been under her medical plan. Don't do something you might be sorry for.
2. it applies to the whole year you can make it all in one day and than you will be over your limit!!! good luck!!!