Planning to Work While Claiming Social Security Early? Brace Yourself for This.
You can't claim Social Security retirement benefits until you turn 62, but there's no rule saying you have to be retired to do so. Many Americans choose to receive benefits while they're still working.For some, it's a chance to enjoy a higher standard of living than they could off their paychecks alone. For others, it gives them the opportunity to gradually reduce their hours without affecting their monthly income.These strategies work well for some people. But for a certain group of workers, claiming Social Security while working comes with a hidden cost.Continue reading
You can't claim Social Security retirement benefits until you turn 62, but there's no rule saying you have to be retired to do so. Many Americans choose to receive benefits while they're still working.
For some, it's a chance to enjoy a higher standard of living than they could off their paychecks alone. For others, it gives them the opportunity to gradually reduce their hours without affecting their monthly income.
These strategies work well for some people. But for a certain group of workers, claiming Social Security while working comes with a hidden cost.
