Summary:
Working and claiming Social Security benefits simultaneously can be beneficial, but the Social Security earnings test may reduce your benefits if you earn over a certain amount from your job. The test applies to individuals under their full retirement age, with income thresholds set for 2026. However, any benefits lost will be repaid as a permanent increase once you reach your full retirement age. Consider consulting an accountant to understand potential tax implications and adjust your financial strategy accordingly. Developing alternative income sources or reducing expenses may be necessary to compensate for reduced benefits.

Key Points:
– Social Security earnings test may reduce benefits if earning over specific thresholds
– Benefits lost to the test will be repaid as a permanent increase at full retirement age
– Consult an accountant to understand potential tax implications and adjust financial strategy
– Develop alternative income sources or reduce expenses to compensate for reduced benefits.

Read more at Nasdaq: Important Social Security Numbers to Know if You Plan on Working While Claiming Benefits in 2026