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Many retirees will want or need to work during part of their retirement. The benefits are powerful...


  • It can provide purpose… particularly if you do something you enjoy!
  • It reduces the need to withdraw from your retirement portfolio. Because early withdrawals have the most impact on future portfolio returns, this is significant in ensuring that you don’t outlive your assets.


NOTE: If you retire before Full Retirement Age and are collecting Social Security, your Social Security benefits may be reduced. However this does not mean you must try to limit your earnings. If Social Security withholds some of your benefits because you continue to work, they will pay you a higher monthly benefit amount when you reach your Full Retirement Age. In other words, if you would like to work and earn more than the exempt amount, you should know that it will not, on average, reduce the total value of lifetime benefits you receive from Social Security—and may actually increase them.

Here is how this works: After you reach Full Retirement Age, Social Security will recalculate your benefit amount to give you credit for any months in which you did not receive some benefit because of your earnings. In addition, as long as you continue to work and receive benefits, Social Security will check your record every year to see whether the additional earnings will increase your monthly benefit.


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