One of the benefits of waiting until at least full retirement age to claim Social Security is that you are not required to pass the benefits earnings test, if you’re still working. The Social Security Administration applies an annual earnings test which involves temporarily withholding $1 of a worker’s benefits for every $2 earned over $21,240 (in 2023). In the year that the worker attains full retirement age, the earnings test is more generous; $1 in benefits for every $3...
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