How does this work? If you begin a job, does it affect your benefits right away, or after you reach the $14,160 limit?
Right away since there are both monthly and yearly limits unless you are over 70.
Your benefits aren't reduced at all if you're full retirement age.
Here is a link that might be useful: SSA Publication No. 05-10069 - How Work Affects Your Benefits
Thanks for that info. I can't seem to navigate through the SS website and was having concerns about how part time work would affect my benefits.
This job market is making me consider early retirement. I was let go last year at the time of my 61st birthday. Unemployment has helped me make is so far but will run out in August.
I had some addiional money coming in from a retirement account but foolishly used it to start a real estate business that failed thanks to this ugly economy. Now I'm facing living on SS income alone. I'm scared.