1 stay on as a month-to-month tenant with your landlordâs approval (in most states, the terms and conditions of the old lease (such as no pets) will carry over into your new, oral month-to-month tenancy), or.  face an eviction lawsuit if you attempt to stay when the landlord wants you to move on.
Limits on Earned Income If Claiming Early Benefits. Until you reach full retirement age, Social Security will subtract money from your retirement check if you exceed a certain amount of earned income for the year. For the year 2017, this limit on earned income is $16,920 ($1,410 per month). The amount goes up each year. If you are collecting Social Security retirement benefits before full retirement age, your benefits are reduced by $1 for every $2 you earn over the limit. Once you reach full retirement age, there is no limit on the amount of money you may earn and still receive your full Social Security retirement benefit.
As you know, Social Security has an earnings penalty, which governs how much money you can make while at the same time receiving benefits. Exceed an annual cap (it's currently $14,160 a year) and you'll lose part or even all of your benefit. However, the penalty applies only to people between 62 and full retirement age. If you decide to wait until 66, you should apply to Social Security three months before your birthday. You can apply online, by phone (1-800-772-1213) or by going to a local Social Security office (call ahead for an appointment).