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You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, Social Security will reduce your benefit. 

If you work and are full retirement age or older, you may keep all of your benefits, no matter how much you earn.

The earliest you can begin receiving Social Security benefits is age 62.  However, beginning at age 62 decreases the amount of Social Security benefits you receive by 30%.  The reduction for starting benefits at age 63 is about 25%; 64 is about 20%; 65 is about 13.3%; and 66 is about 6.7%.

The amount you can earn while receiving Social Security depends on your age. Your earnings in (and after) the month you reach full retirement age will not affect your Social Security benefits. However, your benefit is reduced if your earnings exceed certain limits for the months before you reach your full retirement age.   

If you are under full retirement age for the entire year:

You can earn $16,920 gross wages or net self-employment in 2017 and not lose any benefits. The Social Security Administration (SSA) will deduct $1 in benefits for every $2 earned above that limit.

If you were born between 1/2/1943 and 1/1/1955, your full retirement age is 66 years.  However, it increases to 66 and 2 months next year and then eventually rises to age 67 for people who were born after 1960.

In the year you reach full retirement age:

In 2017, you can earn $44,880 gross wages or net self-employment prior to the month you reach full retirement age and not lose any benefits.  SSA will deduct $1 in benefits for every $3 earned above $44,880.

The same earnings limits apply to a spouse or child who works and receives benefits on your record. 

You should report earnings to the SSA for any months and years prior to full retirement age.

Be sure to contact your tax planning professional or Social Security with questions.

Source:  SSA.gov