Saturday, November 10, 2012

Social Security increases

   Social Security benefits will increase by 1.7% in 2013.  Also, people aged at least 62 but less than 66 who have chosen to begin collecting Social Security before their full retirement age can make up to $15,120 in 2013 without having their benefits cut. This is up from $14,640 in 2012.  (People above the full retirement age can earn as much as they want without benefit cuts.)  People who reach retirement age during 2013 will be able to earn $40,080 before their birthday without losing benefits.

No comments:

Post a Comment