If you work and are of retirement age, you can work as much as you like, and still keep all of your benefits. If you’re younger than full retirement age, there is a formula that they use to calculate what your benefits are. You can have an income of $14,160 each year. But if you go above that, they deduct $1 from your benfits for every $2 above the limit that you bring home. For further clarification, you can contact your local Social Security Administration office. Their phone number should be in your local phone book.