Can You Get Social Security If You Are Still Working?
Definitely! You can collect Social Security benefits even if you are still working. If you’ve reached your full retirement age, you can still work and earn as much as your overall health allows you in order to get full benefits. If you’re under full retirement age, but getting Social Security benefits, your benefits will be minimized for a certain period of time.
This reduction is actually $1 for every $2 of earned income over $18,240 in 2020. During the year in which you actually reach your full retirement age, your Social Security benefits will be minimized by $1 for every $3 in income over $48,600 in 2020. And this goes on until the month when you become fully eligible arrives.
However, remember that those dollars aren’t lost. Social Security will credit them to your record when you reach your full retirement age, resulting in a higher benefit eventually.
