Can You Collect Social Security if You’re Still Working?
Yes … but you probably shouldn’t. If you make more than the Social Security Administration’s earnings limit before full retirement age, you could lose benefits.


I can’t tell you the number of people who plug 62, 66 or 67 into the first draft of their retirement plan as when they plan to retire. When I probe further, I confirm that it is because it aligns with one of the ages shown on the green Social Security statements that come in the mail. Those ages just show minimum benefits, maximum benefits and what is known as your primary insurance amount. The reality is that you can claim any time in between that minimum and maximum age.
My first piece of advice, assuming you have saved enough: Separate the retirement decision from the Social Security decision.
When can you collect?
The earliest Social Security claiming age for all Americans is 62. If you are a surviving spouse or a surviving ex-spouse, you can claim it as early as age 60, so long as you’re eligible. Both come with significant penalties. Social Security reduces benefits by a percentage every month. The actual calculation is beyond the scope of this article, but to simplify it, if you collect at 62, you get about 70% of what you would be entitled to at 67.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Here’s the major reason not to collect Social Security while you’re working: the Social Security earnings limit. This is essentially an income amount, beyond which Social Security will start to withhold your Social Security income. Let’s say you turn 62 in 2024: The Social Security Administration will withhold $1 in benefits for every $2 in earnings above an annual income of $22,320.
A lot of numbers there, but essentially, if you are entitled to $2,000 per month at 62 and earn over $70,000, you’ll have your entire benefit withheld. This is not Social Security just taking the money; the agency is simply recalculating your benefits. Once again, oversimplifying, if this happened every year until age 67, you’d get just about the same amount had you waited to claim your benefits. In other words, it’s a big waste of time to claim the benefits.
In the months leading up to your birthday of the year you hit full retirement age (FRA), that earnings limit goes up to $59,520. E.g. The Senior Citizens’ Freedom to Work Act, passed in 2000, eliminated the earnings cap once you actually hit FRA. So, if you continue to work all the way until 70 but turn on your benefits at age 67, you won’t be penalized.
Claiming early can be the right choice for you
There are scenarios, such as poor health, having the lower benefit amount in a couple and a pure need for the income, that make claiming Social Security early the right choice. However, if you do want to continue to work, you should know that Social Security is likely to withhold benefits. Unfortunately, if they miss it on their end, they will not accept blame and let you slide. Rather, they’ll send you a bill.
This decision should be part of a bigger plan that incorporates all sources of income, investments, taxes and, most important, your goals. It should not be driven by someone telling you at the watercooler that “Social Security is going broke.”
Related Content
- When Is the Right Time to File for Social Security?
- How the Social Security Bridge Strategy Works
- Social Security Optimization If You Save More Than $250,000
- The Five Critical Components of a Financial Plan for Retirees
- Three Legit Reasons to Break Up With Your Financial Adviser (and How to Do It)
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

After graduating from the University of Delaware and Georgetown University, I pursued a career in financial planning. At age 26, I earned my CERTIFIED FINANCIAL PLANNER™ certification. I also hold the IRS Enrolled Agent license, which allows for a unique approach to planning that can be beneficial to retirees and those selling their businesses, who are eager to minimize lifetime taxes and maximize income.
-
Hot August CPI Report Doesn't Shift the Rate-Cut Needle: What the Experts Say
The August CPI came in higher than forecast on a monthly basis, but Wall Street still expects a rate cut at next week's Fed meeting.
-
Kickstart Your 2026 Retirement Plan Now
Retirement can feel far-off, or too close for comfort, depending on where you’re at. But one thing’s clear — now is the ideal time to get your retirement plan in order.
-
Four Clever and Tax-Efficient Ways to Ditch Concentrated Stock Holdings, From a Financial Planner
Holding too much of one company's stock can put your financial future at risk. Here are four ways you can strategically unwind such positions without triggering a massive tax bill.
-
Beyond Banking: How Credit Unions Serve Their Communities
Credit unions differentiate themselves from traditional banks by operating as member-owned financial cooperatives focused on community support and service rather than shareholder profit.
-
Answers to Every Early Retiree's Questions This Year, From a Wealth Adviser
From how to retire in a crazy market to how much to withdraw and how to spend without feeling guilty, a financial pro shares the advice he's given this year.
-
The Risks of Forced DST-to-UPREIT Conversions, From a Real Estate Expert
Some new Delaware statutory trust offerings are forcing investors into 721 UPREIT conversions at the end of the hold period, raising concerns about loss of control, limited liquidity, opaque valuations and unexpected tax liabilities.
-
I'm a Financial Adviser: You've Built Your Wealth, Now Make Sure Your Family Keeps It
The Great Wealth Transfer is well underway, yet too many families aren't ready. Here's how to bridge the generation gap that could threaten your legacy.
-
Want to Advance on the Job? Showing Some Courtesy and Appreciation Could Help
Two business professors share their insights about the impact of digital communication on the social skills of some in Gen Z and the importance of good manners on the job.
-
From Job Loss to Free Agent: A Financial Professional's Transition Playbook (and Pep Talk)
The American workforce is in transition, and if you're among those affected, take heart. You have the skills, experience and smarts that companies need.
-
A Financial Planner's Top Five Items to Prioritize When Your Spouse Is Ill
During tough times, it's easy to overlook important financial details, but you'll be so much better off if you take care of these things right now.