Social Security Information -Wealth Architect
Social Security encompasses Old-Age, Survivors and Disability Insurance (OASDI) in the United States. It is run by the Social Security Administration (SSA), which is a federal agency. Medicare, on the other hand, is a separate program, administered by the Centers for Medicare and Medicaid Services (CMS).
Contrary to popular belief, you can work while you receive Social Security benefits. When you do, it could mean a higher benefit for you and your family. However, there is a limit to how much you can earn and still receive full benefits.
For people born 1943-1954, the full retirement age is 66. The full retirement age increases gradually each year until it reaches age 67 for people born in 1960 or later. Those who are receiving Social Security benefits and have not reached full retirement age are entitled to receive benefits as long as their earnings are under the limits indicated below.
In the year you reach full retirement age
$50,520 / year
Under full retirement age
$18,960 / year
At full retirement age or older
If you work while receiving disability benefits, you must inform Social Security about your earnings no matter how little you earn. Once you’ve completed your nine-month trial work period, Social Security will determine if you are still entitled to disability benefits. You also may be eligible for other work incentives to help you transition back to work.
Substantial Gainful Activity (non-blind)
$1,310 / month
Substantial Gainful Activity (blind)
2,190 / month
Trial Work Period Month
Years in Medicare
Insurance plans offered
Earn credits toward Social Security benefits
When you work, you earn credits toward Social Security benefits. The number of credits you need to be eligible for Social Security benefits depends on your age and the type of benefit for which you are applying. You can earn a maximum of four credits each year. Most people need 40 credits to qualify for retirement benefits. $1,470.00 earns one credit in 2021.
You can work and get benefits at the same time. However, there is a limit to how much you can earn and still receive full benefits. If you are younger than your full retirement age and earn more than the yearly earnings limit, your benefit may be reduced.
Social Security Publications
Find out what you can expect from Social Security and how and when to report changes that can affect your benefits.
Get a current schedule for Social Security and SSI benefit payments in an easy-to-read calendar format.