In the United States today, retirement doesn’t mean completely leaving the workforce anymore. Actually, 1 in 5 Americans 65+ still works in a part-time or full-time role. Some retirees return to work because they want to stay active, while others continue working because they need to offset rising living costs. Working after retirement can provide financial benefits, but it can also create unexpected consequences for Social Security benefits, Medicare premiums, and taxes. A part-time job, consulting business, or second career may affect more areas of your financial life than you realize. If you are considering returning to work, here are six ways your finances could be impacted.
