To Your Wealth: Impact of work while collecting Social Security benefits
Has anyone told you that if you work while collecting Social Security retirement benefits, you’ll lose part of your benefits? If you’re like most people who hear this, you’d probably opt not to work. What’s the sense of earning $1,000 if you lose $1,000 of benefits? The reality is the truth is something quite different. While it’s true your Social Security benefit could be reduced if you work, there are some important distinctions to understand. First, the idea that you will lose benefits is mostly false. Even for most people who see their benefit reduced, the money is not lost. Read more…