Since the latter part of 2021, consumers have been buckling under the weight of inflation. And higher living costs have especially taken a toll on retirees who are limited to a fixed income.

As such, some older Americans are making the decision to return to work in some capacity in order to cope with inflation. That could mean joining the gig economy, consulting in their former fields, or even accepting retail jobs just to help make ends meet.

If you're thinking of working as a retiree, you should know that your extra paycheck might bring about some unwanted financial repercussions. Here are a few traps you might run into.

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Source Fool.com