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Are you Collecting Social Security benefits early and Still Working? You need to Know About the Retirement Earnings Test! - Go Banking Rates
Many retirees who are under Full Retirement Age, getting benefits and still working do not understand how the Retirement Earnings Test works. If you earn over the limit ($22,320.00 in 2024) Social Security will take back $1.00 for every $2.00 you make over that limit. This rule could cause an overpayment situation for you. Dawn Allcot for Go Banking Rates explains what it is and how it works here…
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