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Markets · Investing · Business
Finance
The Social Security Earnings Limit: Who Could See Benefits Withheld?
If you work while collecting Social Security, the Social Security Administration may withhold a portion of your monthly benefits.
If you plan to keep working after claiming Social Security benefits, it's important to know how the "earnings test" works. Whether you stay in your current position, find a new job, work part-time, or start your own business, earning money could affect your benefits.
Image source: Getty Images.
When a Social Security recipient continues to work, the Social Security Administration (SSA) employs an earnings test. However, the earnings test applies only if you begin collecting Social Security benefits before your full retirement age (FRA). For anyone born in 1960 or later, FRA is 67.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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