retirement

Recouping Social Security Benefits

If you haven't yet reached full retirement age and have returned to the workforce, expect for your benefits to be reduced.

Question: I started taking Social Security at 62, but my benefits were reduced two years later when I started working again. Do I ever get those benefits back? - K.M., Atlanta

Yes. Your monthly benefits will be increased in the month you reach full retirement age to account for the forfeited benefits. If you earn more than $17,640 in 2019, Social Security temporarily withholds $1 in benefits for every $2 in earnings above that limit. After you reach your full retirement age (age 66 for people born in 1943 through 1954), you can earn an unlimited amount without affecting your Social Security benefits.

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