I plan on retiring at age 63. How much money can I earn and still draw my full social security benefits?

If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefits is 66. If you work and are full retirement age or older, you may keep all of your benefits, no matter how much you earn. If you are younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you are younger than full retirement age during all of 2012, we must deduct $1 from your benefits for each $2 you earned above $14,640. Pensions, investment income, and capital gains do not count towards the $14640 threshold. If you have questions about social security and your potential retirement income, please give us a call at 615-216-1340.