Understanding when and how to claim Social Security benefits isn’t always straightforward, especially if you plan to continue working. While you can start collecting benefits as early as age 62, continuing to work before you reach your full retirement age (FRA) may impact how much you can collect.
In this newsletter, we’ll explore how working can impact your Social Security benefits so you can make informed decisions about your retirement income.
What happens to my Social Security benefits if I decide to start collecting while I am still working?
What is my FRA?
Your FRA is determined by the year you were born. For example:
How much can I earn before it affects my benefits?
The earnings limits only apply to income you make from working — not investments or pensions.
What is the one-time Social Security do-over?
Creating a secure retirement plan doesn’t have to be complicated. If you’d like to discuss your options or have any questions, let’s chat soon.