Social Security is designed to provide a financial lifeline for seniors who can no longer work and didn’t save enough money to make ends meet. It’s also a useful income source for people who have been diligently building their nest eggs, but taking out Social Security too early can result in losing thousands of dollars if you are unaware of a key limit.
This loss goes beyond the amount you could have received if you deferred your benefits. This limit specifically applies to people who are under the full retirement age who continue to work while collecting Social Security. Here’s what you need to know.
