Originally Posted by VanWinkle
You have confirmed that with the SS website or in person?
after receiving the letter to enter my projections on and not having any box to actually enter the amounts i called . they said first year you are only considered retired and they will only pay for each month under 1410 .00 .
i always thought it was a pro-rated cumulative total that you had to stay under . i could have easily gotten paid quarterly instead of monthly .
i would have done better .
luckily i will be fra next year so until fra starting in january i can earn 3740.00 a month .
it says it on the ss website under first year rules ..
The special rule lets us pay a full Social Security check for any whole month we consider you retired, regardless of your yearly earnings. If you will
be under full retirement age for all of 2017, you are considered retired in any month that your earnings are $1,410 or less and you did not perform substantial services in self employment.
reach full retirement age in 2017, you are considered retired in any month that your earnings are $3,740 or less and you did not perform substantial services in self employment.