3 Rules All Retirees Must Know About Working While Collecting Social Security

Group 1 - Social Security replaces only 40% of preretirement income, necessitating additional income sources for retirees [1] - Working while collecting Social Security benefits is subject to specific rules, particularly regarding full retirement age (FRA) [4][5] - Individuals can work without income limits once they reach FRA, which is 67 for those born in 1960 or later [4] Group 2 - For those under FRA, there are earning limits that can temporarily reduce Social Security benefits if exceeded [6] - In 2026, the earning limit is $24,480 for those who will not reach FRA that year, resulting in a $1 benefit loss for every $2 earned over this limit [8] - If an individual reaches FRA during the year, the limit is $65,160, with a $1 benefit loss for every $3 earned over this threshold until FRA is reached [8] Group 3 - Working while collecting benefits can potentially increase Social Security checks if earnings surpass previous career income levels [7]