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Markets · Investing · Business
Finance
The Surprising Way Taking a Job in Retirement Could Cost You Social Security Benefits
This little-known rule could catch you seriously off guard if you're not familiar with it.
Working and claiming Social Security at the same time seems like the perfect income strategy, especially if you're worried your retirement savings might not last long enough. In theory, your job and benefits will cover most or all of your monthly expenses, allowing you to leave your savings invested.
In practice, it doesn't always work out that way. A little-known Social Security rule called the earnings test can actually cost workers their checks and leave them in a financial bind if they're not prepared.
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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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