While individuals can work and collect Social Security simultaneously, they must adhere to certain rules, especially if they haven't reached full retirement age (FRA). Earning above set limits can lead to reductions in benefits. For those who enroll before FRA, the earnings-test limit is $23,400 in 2025, resulting in benefits withholding at a rate of $1 for every $2 over the limit. After FRA, earners may keep all benefits, providing flexibility in financial planning during retirement.
Once you reach full retirement age, you're entitled to your complete monthly benefit without a reduction, and you can earn as much as you want.
If you sign up for Social Security before reaching full retirement age, you will reduce your monthly benefit and must adhere to strict earnings limits.
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