Planning to Work After Taking Social Security? It Could Hurt Your Benefits
Now more than ever, older adults are choosing to work later in life. Roughly half of baby boomers say they expect to continue working past age 70 or never retire at all, according to a 2023 report from the Transamerica Center for Retirement Studies, and 83% of those respondents say they're doing so for financial reasons.
There's nothing wrong with continuing to work past the traditional retirement age, especially if you need the extra income. But if you're still working after you take Social Security, it could affect your benefits. In some cases, your benefit amount could be slashed or even withheld altogether.
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Source Fool.com
