If you’re collecting Social Security and still working, one number could quietly affect your monthly income: $2,040. That’s the monthly earnings threshold tied to the Social Security earnings limit for retirees who haven’t reached full retirement age. Social Security Administration rules say that if you earn more than that in a given month under certain conditions, your benefits can be reduced or even fully withheld. This often catches retirees off guard because it feels like a penalty for working. Here is what you need to know about the earnings limit and what happens if you pass it.
