Ask Rusty – Social Security’s First Year Rule and Withdrawing From Social Security

May 18, 2026 | Presenting: Russell Gloor - AMAC Foundation Social Security Advisor

“In this Ask Rusty edition, a 63 year old man, still working part time, is applying for Social Security, but just realized that his work earnings may impact his Social Security benefits.  He asks about the penalties for exceeding the earnings limits, and wonders how to avoid them.  Rusty says the Social Security rules for working when collecting early SS benefits are “tricky,” especially during the first year collecting.  But he explains how those rules work and what can be done to ease the financial stress they cause.”

This recording presents the viewpoints of the AMAC Foundation’s Social Security Advisory Staff, trained and accredited under the National Social Security Advisors program of the National Social Security Association, LLC (NSSA). NSSA and the AMAC Foundation are not affiliated with or endorsed by the United States Government, the Social Security Administration, or any other state government. To request additional information, contact our Advisory Staff at 888-750-2622, or email us at SSAdvisor@AmacFoundation.org.