Continuing to work after your retire is pretty common these days. And you may be able to collect your social security benefits while you work. Troy Sharpe of Oak Harvest Financial Group explains: "If you elect to receive Social Security Benefits before your full retirement age (which will depend upon when you were born) and continue to work, Social Security will reduce your benefit if you earn more than the annual limit which is currently $18,240."
2020's Social Security Changes
If you're still working after you have reach your full retirement age, Sharpe says you can earn as much money as you want without any reduction in your Social Security income. Sharpe says to consult a financial advisor before you apply for your social security benefit. It could help you save a lot of money!
Be sure and listen to Troy Sharpe and The Retirement Income Show on Sundays on KTRH.