From Nasdaq: 2025-02-08 16:00:00

Many Americans choose to claim Social Security retirement benefits while still working to enjoy a higher standard of living or reduce their hours gradually. However, claiming early before reaching full retirement age can result in a reduction of up to 30% in benefits for those with an FRA of 67. Workers who continue working and claim early may face benefit reductions due to the earnings test, where $1 is withheld for every $2 earned over $23,400 in 2025. Withheld funds are returned at FRA in a one-time benefit adjustment. It’s crucial for workers to monitor their income to avoid any surprises with their Social Security checks.

Some retirees may be missing out on a $22,924 Social Security bonus by not maximizing their benefits. Learning little-known “Social Security secrets” could potentially increase retirement income significantly. By understanding how to optimize Social Security benefits, retirees can retire with more confidence and financial security. It’s essential to explore these strategies to make the most of Social Security benefits and ensure a comfortable retirement.



Read more at Nasdaq: Planning to Work While Claiming Social Security Early? Brace Yourself for This.