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Working After Claiming Benefits–The Pros and Cons - nasdaq.com
Remaining in or rejoining the workforce after claiming Social Security benefits has its upsides, but it also has some cautionary factors to weigh. For example, if you are not yet at your full retirement age, there are limits to the amount of wages you can earn before a portion of your benefits is withheld. Withheld benefits are subsequently returned via a recalculation of your monthly benefits after reaching full retirement age, but the temporary reduction could affect your cash flow planning. For anyone with zero earnings in their highest inflation-adjusted 35 years of income, of course, the upside is that the earnings could result in a recalculation of your benefit amount and an increase in your monthly benefit. As explained in a post by The Motley Fool’s Maurie Backman on nasdaq.com, it’s important to be aware of these rules when you plan the early stages of your retirement journey. Read Ms. Backman’s post here…
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