Mary will reach FRA on November 1 and is currently receiving Social Security. She earns $8,000 a month in income, meaning she'll earn $80,000 prior to reaching FRA. Since she is $33,080 over the earnings limit when she reaches FRA, her benefits will be reduced by $11,026. The way this plays out is that she will receive no benefits the first few months until the reduction is reached, then she will receive her full benefits thereafter. Assuming her benefits are $2,000/month, she won't receive any benefits January through May, will receive partial benefits in June, and her full benefits for the rest of the year.