You are not forbidden to make more than that. The issue (for some people) is that if you earn more than a certain amount (about $14,000) and you are 63 thru 66 (exact ages vary depending upon birth year), you lose $1 of SS benefits for every $2 earned. BUT - your monthly SS benefit is readjusted and eventually you will come out even. Once you get to full retirement age (there are special rules for the year in which you tern 67, and 62, for that matter), you can make a gazillion dollars and not have any SS offset. Note, however, that paying income tax on SS benefits may be triggered depending upon how much other earned income you have at any age.
@Sybil2 wrote:
I better die before I reach my 60's then because I can not live off of $16,000 or $25,000. Then again the Baby Boomers are going to drain SS dry.
Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008