You Can Work and Earn Social Security, But. . . . .
You can continue to earn income while receiving full social security retirement benefits, provided your earnings do not exceed certain limitations. The 2010 yearly earnings ceiling for individuals who have not reached full retirement age will remain at $14,160.00 in 2010. Benefits of $1.00 will be lost for every $2.00 earned in excess of the 2010 ceiling.
For recipients who reach full retirement age in 2010, the earnings limit is $37,680.00 until the month the individual reaches full retirement age. Benefits of $1.00 will be lost for every $3.00 earned in excess of the 2010 ceiling. Once you reach full retirement age, you can collect full benefits, regardless of the amount of your earnings.