Planning to Work During Retirement? Here's How It Will Affect Your Social Security Benefits

It's becoming more and more challenging to save for retirement, and many older Americans plan to continue working during their senior years. In fact, 72% of workers expect to work for pay after they retire, according to a 2021 survey from the Employee Benefit Research Institute.

While working during retirement can be a smart way to boost your income and decrease your reliance on your savings, it could also affect your Social Security benefits. Depending on how much you're earning, continuing to work after you've claimed benefits could result in reduced checks -- or even your benefits being withheld altogether.

If you plan to work even part-time after you retire, here's what you need to know about how it will impact your Social Security checks.

Source Fool.com