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.
If you begin receiving Social Security benefits at 62, any earnings from continued employment could reduce your benefit amount. For workers who elect early retirement in 2012, the earnings maximum is $14,640.SSA reduces your monthly benefit payment by $1 for every $2 of your earnings over the maximum.Income from self-employment or a business after age 62 also reduces your monthly benefit payments.f you begin receiving Social Security benefits at 62, any earnings from continued employment could reduce your benefit amount. For workers who elect early retirement in 2012, the earnings maximum is $14,640.