Social Security

Social Security recipients will see a tiny 0.3% hike in their benefits in 2017.  The earnings test limits will head up.  People who turn 66 next year will not lose any benefits if they earn $44,880 or less before they reach that age.  Individuals who are 62 through 65 by the end of 2017 can make up to $16,920 before they lose any benefits.  There is no earnings once a beneficiary turns 66.  The amount needed to qualify for coverage will rise to $1,300 a quarter.  So earning $5,200 anytime during 2017 will net the full four quarters of coverage.  You need 40 quarters of coverage to qualify for Social Security retirement benefits.

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