Working While Collecting Early Social Security
Some might call it a sneaky Social Security rule, and it does catch a lot of Social Security recipients by surprise, but the so-called “retirement earnings test” or “RET” has been around for a lot of years. Essentially, anyone who collects Social Security benefits before they have reached their full retirement age is subjected to an earnings test, which limits how much they can earn from working before Social Security takes back some of their benefits. And when that happens, not understanding how the rule works causes many to quit working and lose an important income source during their retirement. In this article by Cristy Bieber, appearing at the Grand Island (NE) Independent, the retirement earnings test – both how it works and when it goes away – are described. Click here to read more.
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