Q) I am reaching my retirement date; if I start to draw my social security may I still continue to work & how much am I allowed to make with no penalties?
A) According to the Social Security Administration – You can continue working and start receiving your retirement benefits. … You can get Social Security retirement benefits and work at the same time before your full retirement age. However your benefits will be reduced if you earn more than the yearly earnings limits. After you reach your full retirement age, SSA will recalculate your benefit amount to give you credit for any months you did not receive a benefit because of your earnings. They will send you a letter that explains any increase in your benefit amount. Source: https://www.ssa.gov/benefits/retirement/matrix.html