Avoid Social Security Trap: Wait for Bigger Payouts

Claiming Social Security early may seem appealing, but for those born after 1960, full retirement age is 67. Taking benefits early reduces your monthly check permanently and triggers the earnings test if youre still working. Earn over $24,480 before full retirement age, and $1 in benefits is withheld for every $2 over. Closer to 67? The limit jumps to $65,160 with $1 withheld for every $3 over. Many regret filing at 62 due to the permanent cut and interest-like penalty. Hold off if work is paying well to stack up bigger benefits for a smoother retirement. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e7bc2aa4cd14cf74