Question about working and social security?

If I were to increase my work from 2 days to 3 days a week, would I lose my social security? I currently earn $7.35 a hour(but on Sundays get a $1 more) but am going to get a either a forty- five cent or fifty cent raise in March. I was thinking of working Thursday(our weekest night and same for Friday)- Saturday night . I work at a local Walmart doing overnight matience.





I copied this information from Social Security website to help with this question. Would adding a extra night to my work week affect my social security?





SSA uses the formulas below, depending on your age, to determine how much your benefit must be reduced:





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If you are under normal (or full) retirement age (FRA): when you start getting your Social Security payments, $1 in benefits will be deducted for each $2 you earn above the annual limit. For 2008 that limit is $13,560 and for 2007, that limit is $12,960. Remember, the earliest age that you can receive Social Security retirement benefits remains 62

Question about working and social security?
If you work 8 hours a day, 2 days a week (my best guess from the information you provided), you make about $6,000/year right now at Walmart. After your raise you'll be around $6,500/year.


If you work a third day, that would raise your income 50% to about $10,000/year. That is still below the $13,560 limit you quoted in the question so you will not lose any Social Security benefits by working the extra day.





If your hours are different than I guessed, you can do your own math to figure out your annual salary:


$7.85 * hours per week * 50 = salary (assuming you work about 50 weeks per year) Then simply add about $500 for Sunday work. If that number is still under $13,500 then you will be fine.