Yes, that is correct. There is a misconception that you will “lose” Social Security benefits if you work in retirement and earn over a certain dollar amount. The reality is that Social Security will withhold a certain amount over the thresholds for 2014 which are $15,480 and $41,400. One or both of these will apply depending on your W-2 earnings and your Full Retirement Age. In any event, you will get the withheld benefits back and you will continue to earn Social Security credits if you continue to work in retirement so don’t worry about “losing” benefits because you won’t. Click here for a FREE Guide to Social Security.