Some Retirees Have Different Rules for Working on Social Security Than Others

Group 1 - Social Security benefits replace approximately 40% of pre-retirement income, leading many retirees to seek work while collecting benefits [1] - Different work rules apply to retirees based on their age, affecting their ability to earn income while receiving Social Security [3][4] - Full retirement age (FRA) determines when retirees can work without restrictions on their benefits [4][6] Group 2 - Retirees who have reached their FRA can work without losing any Social Security benefits, while those who have not are subject to income limits [6][7] - In 2026, retirees who have not reached FRA will lose $1 in benefits for every $2 earned above $24,480, while those reaching FRA will lose $1 for every $3 earned above $65,160 [8]