Working After Claiming Early Social Security Could Reduce Your Benefits by $1,227 Per Month
Retirement and Social Security typically go hand-in-hand, but in some cases, you may choose to continue working even after claiming benefits.
Living expenses are on the rise, and many Americans' savings are falling short. The average baby boomer has just $152,000 saved, according to a report from the Transamerica Center for Retirement Studies, and that money may not last more than a few years in retirement.
If you retire early and claim benefits only to realize you need another source of income, you may have no choice but to go back to work. Working while claiming Social Security can sometimes result in a significant reduction in benefits, but in some cases, that could pay off in the long run.
Source Fool.com
