5. Keep an eye on your earnings
If you decide to continue working after you start collecting your Social Security payments, you should definitely keep an eye on your earnings to make sure they don’t exceed the permitted limit.
For this year, you should know that the allowed limit on earned income is $18,240 for recipients below full retirement age and $48,600 for those at or above the highest normal pension age (66). Remember that your benefit payment is minimized for the year if you exceed the limits.
