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.
Social Security will reduce your benefits by $1 for every $2 you earn over a maximum of $14,640 if you are under full retirement age for the entire year, as of 2012. If you reach full retirement age during 2012, Social Security will reduce your benefit by $1 for every $3 you earn above $38,880, but only until your birthday month. These earnings limits are subject to change. Social Security has different earnings rules for disability benefits or Supplemental Security Income and for people working outside the U.S.