The answer is yes, however, the income you earn from work could reduce your monthly benefit if you earn more than what is allowed by Social Security. The amount of the reduction depends on how much you earn and when you began collecting Social Security. If you work and started receiving Social Security at your full retirement age, there’s no limit on how much you can earn and your benefits will not be affected. (You can go to the Social Security website at https://www.ssa.gov to find out your full retirement age.)
If you start collecting Social Security before you reach full retirement age, you can earn up to $15,2120 (as of 2013) with no reduction in your monthly benefit. If you earn more than $15,120, Social Security deducts $1 from your benefits for each $2 you earn over the limit. In the year you reach full retirement age, you may earn up to $40,080 (as of 2013) with no reduction in your benefits. If your income work exceeds $40,080, Social Security deducts $1 from your benefits for each $3 you earn. Once you reach full retirement age, your benefits are no longer reduced.
