Social Security Report

Unretiring is Becoming Common. What then about Social Security? - AMAC & CNBC

Unretiring is among the newest crazes since we have emerged from the worst of the pandemic in 2020. Whether due to the necessity of inflation or just a desire to grab one of the millions of job openings for extra cash, unretiring is catching on. But how does that affect one’s Social Security benefits? Lorie Konish of CNBC explains. She lists some statistics on work and what retirees think and plan to do. But her biggest caution is for those aged 62 to 67 who collect Social Security and return to work. The earnings limit is $19,560, and income earned above that will reduce benefits in the short term, though there could be an upward recalculation later. Once one reached 67, there is no limit to the amount one can earn and collect Social Security. Full piece here.

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