| How Earnings Affect Social Security
If you begin to receive Social Security retirement (or
survivor's) benefits before you reach full retirement age,
money you earn over a certain limit will reduce the amount of
your Social Security benefit. In 2013, your benefit will be reduced by
$1 for every $2 of earnings in excess of $15,120.*
The chart below shows the effect of annual earnings of
$10,000, $20,000 and $30,000 on a $12,000 annual Social Security benefit ($1,000 monthly) for someone who hasn't yet
reached full retirement age.
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