Social Security is an integral source of income for many retirees, with four out of 10 baby boomers saying their benefits will be their primary income source, according to a 2023 report from the Transamerica Center for Retirement Studies.

But older adults are working longer than ever, too. The report also revealed that roughly half of boomers expect to continue working past age 70 or never retire at all.

It's possible to continue working even after taking Social Security, but it could affect your benefit amount. Depending on your income, your monthly payments could be reduced or even withheld entirely -- but there's good news coming in 2024.

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Source Fool.com