Work and Collect Social Security | Business and Finance News

Working while collecting Social Security? It’s smarter than you think — and here’s why. You can boost your future benefits by earning more now than in your peak years, and you’ll also get a bigger monthly paycheck right now. But there’s a catch: if you’re under full retirement age and earning too much, part of your benefit gets withheld — though it’s added back permanently once you hit that age. Plus, your income could push you into a higher tax bracket, meaning some of your Social Security checks might go to Uncle Sam. If you’re not ready to retire, waiting until you’re fully vested might be the wiser move — avoiding the earnings test and keeping taxes simpler while you’re still working. Listen in comfort:Get a discount on a Soli Pillow: http://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/3abff14e678bcb0f