Marketwatch Site Logo
For these receiving Social Security Disability Insurance (SSDI) or common Social Security Retirement Benefits, the quick answer is no, as a result of there isn’t any restrict to the property one has in order to be eligible for advantages. Most monetary planners agree that waiting to take advantages till you attain full retirement age could also be finest, if you can afford to do this. If you’ll be able to’t wait and must take advantages previous to full retirement age, you need to contemplate only working as much as the earnings limit for that 12 months to keep away from hurting yourself financially. The penalty for exceeding the annual income limit, plus the reduced benefit quantity that comes from taking Social Security benefits prior to full retirement age, is a lack of advantages that doesn’t make sense typically.
In 2020, when you acquire benefits before full retirement … Read More