What is the special rule about earnings in the first year of retirement?

Sometimes people younger than full retirement age retire in the middle of the year and have already earned more than the yearly earnings limit. There is a special rule that applies to earnings for 1 year, usually the first year of retirement. Under this rule, you can get a full Social Security benefit for any whole month you are retired and earnings are below the monthly limit. It is important to note that you cannot perform substantial services in self-employment during these months.

When you're ready to apply for retirement benefits, use our online retirement application, the quickest, easiest, and most convenient way to apply.

For more information go to our Receiving Benefits While Working and our Special Earnings Limit Rule page.