What is the impact of working while receiving Social Security benefits?
An example of an AI chatbot conversation about the effects of working on Social Security benefits.
What is the impact of working while receiving Social Security benefits?
Working while receiving Social Security benefits can affect your benefit amount, depending on your earnings.
How much can I earn before my benefits are reduced?
In 2023, if you're under full retirement age, you can earn up to $21,240 without a reduction in benefits.
What happens if I exceed that limit?
If you exceed the limit, your benefits will be reduced by $1 for every $2 you earn over the limit.
Does this apply to everyone?
The rules apply to those under full retirement age. Once you reach that age, you can earn any amount without penalty.
Are there any exceptions to these rules?
Yes, there are exceptions, such as for certain types of income or if you are disabled. It's best to check with the SSA for specifics.
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