The article explains that individuals can work while collecting Social Security benefits and that those who reach their full retirement age (FRA) can earn any income without affecting their benefits. It emphasizes that many people mistakenly wait to apply for Social Security until they stop working, which is unnecessary. In the example given, a partner born in 1958 can apply for benefits at their FRA of 66 and 8 months without worrying about income thresholds affecting their benefits, highlighting the flexibility of Social Security rules.
Once you reach full retirement age (FRA), you can earn any amount of money without risking withheld benefits. The FRA depends on your year of birth.
A lot of people wait until they've stopped working to sign up for Social Security. However, you don't necessarily have to do that.
Even if you're still working and earning a steady paycheck, claiming Social Security can supplement income, especially in lower-paying jobs.
The Social Security Administration allows people to collect benefits while holding down a job, and full retirement age allows unlimited earnings without penalty.
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