Is Working on Social Security a Good Idea?

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working on social security
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If you receive Social Security benefits, you might have considered working either a part-time or full-time job to supplement your income. However, is working on Social Security always a good idea? There are a few factors to take into consideration when deciding whether the extra income will be worth it.

According to AARP, if you receive benefits before reaching full retirement age, your benefits could decrease. Currently, the Social Security Administration has set full retirement age at 66 and 10 months. Before this age, if you work even part-time, you could see a reduction in your benefits.

However, after reaching full retirement age, your benefits won’t be reduced if you earn other income. Working can help you feel fulfilled or meet your financial goals. a part-time or even full-time job could be a good idea.

At NORA, we’re working hard to ensure that seniors receive all the benefits they deserve. Join us as we push Congress to pass the Guaranteed 3% COLA for Seniors Act. Sign our petition today and follow us on Twitter and Facebook for the latest news!