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Are you “unretiring?” Know how that will affect your Social Security - AOL.com
Age 62 is the most popular age to claim Social Security benefits, probably because those who have paid into the program for their entire life want to start reaping the rewards of doing so. However, especially with inflation pacing at historic levels, many who claim Social Security early are “unretiring” – that is, going back to work because they need additional money. And that’s where they may find some hidden surprises when it comes to their Social Security benefits. For one thing, Social Security limits how much those collecting benefits before their full retirement age can earn without affecting their benefits. For another, a portion of their Social Security benefits may become subject to income tax. Point is, those who are collecting Social Security before their full retirement age should understand the consequences of “unretiring” and returning to work, as is explained in this AOL.com Bankrate article by Brian Baker.