Collecting Social Security While Still Working: What You Need to Know
Understanding Social Security Benefits While Working
Many individuals nearing retirement age ask, can you collect Social Security while still working? The simple answer is yes. However, your age and the amount you earn play significant roles in determining your benefit adjustments.
Age Limits and Earnings Restrictions
- If you are under full retirement age:
- Your benefits may be reduced if you earn above a certain threshold.
- If you reach full retirement age:
- You can earn any amount without your benefits being affected.
It's essential to stay informed< i> about the earnings limits and how they change annually.
Considering Your Financial Situation
Reflect on the impact of continuing work on your Social Security benefits. Ultimately, your decision should align with your financial goals. Moreover, addressing your retirement planning comprehensively will lead to better outcomes.
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