Planning to Work While Drawing Benefits? Understand the Rules!
One retirement strategy becoming more and more commonplace theses days is to continue working after claiming Social Security benefits. There are many reasons why this strategy is desirable, including of course improved finances, but also including the benefits of staying engaged, avoiding mental stagnancy, and so on. Whatever the reason for remaining in the workforce after signing up for Social Security, it’s essential that the program’s “Earnings Test” be clearly understood when the decision is made. Elder Law attorney Sandra Reed, in an article on www.yourglenrosetx.com, outlines the basic rules governing the interaction between earnings and benefits before full retirement age is reached. Read her article here…
If the situation described above describes you, rest assured that the AMAC Foundation is available to help you understand how the “Earnings Test” would apply to you. Via its free Social Security Advisory Service, trained and certified Foundation specialists are available to discuss your questions and interpret the rules and how they apply to you. Learn more about this highly acclaimed service by visiting the Foundation’s website or calling the Foundation office at 888-750-2622.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.