Skip to main content

Working While Collecting Social Security Benefits

What Will My Net Social Security Benefit Be?

If you are collecting Social Security benefits and working, your earnings will reduce your Social Security benefit. If you are under full retirement age for the entire year, your benefits will be reduced $1 for every $2 you earn above the annual limit. In the year you reach full retirement age, your benefits will be reduced $1 for every $3 you earn above a different annual limit, but only until the month you reach full retirement age.

You can use this calculator to help determine the effect on your Social Security income from working before reaching your full retirement age.

Based on the information you provided, your net annual Social Security benefit is shown below:

Your Results

The Social Security limit is: $0.00
Your excess earnings are: $0.00
Your gross annual Social Security benefit amount is: $0.00
The reduction amount is: $0.00
Your net Social Security benefit is: $0.00

2016 Social Security limits are used in this calculator and are based on your age. The limits are typically adjusted annually.

2016 amounts are used for the gross annual Social Security benefit and are based on full retirement age with the applicable percentage reduction for receiving benefits prior to full retirement age.

This chart shows the percentage represented by your net Social Security benefit and the percentage by which your gross annual Social Security benefit could be reduced.

 

This information is intended for use only by residents of (AR, AZ, CA, CO, CT, DE, FL, ID, IL, IN, KY, MD, NC, NE, NM, NV, NY, OK, OR, TX, UT, WA, WI, WY). Securities-related services may not be provided to individuals residing in any state not listed above. Please consult with the FA as s/he may not be registered in all states.

For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments. Products and services listed may not be available, or may have restrictions, depending on client country of residence.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC and WFAFN, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Any other referenced entity is a separate entity from WFAFN.

A note about Social Media: Opinions, comments and actions taken on Social Media are those of the third party and do not necessarily reflect the views of the creator of this profile or of the firm. Social Media is intended for U.S. residents only and subject to the following terms: wellsfargoadvisors.com/social.

© 2021 Wells Fargo Clearing Services, LLC. All rights reserved.

FINRA’s BrokerCheck Obtain more information about our firm and its financial professionals

FINRA’s BrokerCheck Obtain more information about our firm and its financial professionalsX