Financial Tips Archive

Financial Planning Tips

Test Your Social Security Knowledge
(Updated: 04/11/2017)

For individuals drawing social security benefits while continuing to work, what are the 2017 annual earnings limits for those (1) between age 62 and full retirement age and (2) in the year of full retirement age, respectively?

  1. $15,720; $41,880
  2. $16,920; $44,880
  3. $16,000; $43,500
  4. $16,220; $44,220


Answer: B.

From age 62 to full retirement age, you can earn up to $16,920 per year before your social security benefits are reduced. In the year that you reach full retirement age, you can earn up to $44,880 before your benefits are reduced.



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