Q. In a few months, I’ll be collecting Social Security at 62. They’re going to take half of it because I only worked 14 years. That will leave me $300. Am I still under the wage limit where I can only make so much money?
A. You bet you are. This year that limit is $14,640. If you earn more than that, your Social Security benefit will be reduced by $1 for every $2 you receive in your paycheck. In the year you reach your full retirement age, the reduction will be $1 for every $3 until the month in which you reach full retirement age. After that, there won’t be any limit on the amount you can earn.
