Social Security Income Limit 2024 Age 62. If you retire at 62, your maximum benefit will be $2,710 and if you retire at full retirement age in 2024 your maximum benefit is $3,822, the ssa says. In other words, if your income exceeds the cap on yearly earnings โ which in 2024 is $22,320 for people who claim benefits before full retirement age โ social security will withhold money from your retirement payments.
The maximum benefit depends on the age you retire. When nearing retirement, understanding how earnings limits can affect your social security benefits, especially in the retirement year, is crucial.for 2024, if below full retirement age (fra), the earnings threshold is $18,960.
Social Security Income Limit 2024 Age 62 Images References :
