About Mabank. Mabank, Texas. (Mabank, Texas is located on U.S. Highway 175, near the intersection of Farm Road 90, FM 198, and U.S. Highway 175, sixteen miles southeast of Kaufman, Texas, far in the southeast corner of Kaufman County, Texas. The Mabank, Texas area was first settled by Lorenzo D. Stover in 1846.
A: Your Social Security payment is based on your best 35 years of work. And, whether we like it or not, if you donât have 35 years of work, the Social Security Administration (SSA) still uses 35 years and posts zeros for the missing years, says Andy Landis, author of Social Security: The Inside Story, 2016 Edition.
For every $2 over this limit, you will see your Social Security benefit reduced by $1. For example, if you are 63 and your wages are expected to be $24,000, this puts you $8,880 over the earnings limit and will reduce your benefit by $4,440. If your Social Security benefit happens to be $2,220 per month, Social Security will withhold payments for the first two months to cover the $4,440 excess amount and then resume your normal payment in the third month.