Reduced Benefits: Earning above a certain threshold can reduce your Social Security benefits temporarily.
Annual Earnings Limits: The Social Security Administration sets annual income limits, which, if exceeded, can result in a deduction from benefits.
Increased Benefits: Working may increase your lifetime benefits if you earn enough to replace lower-earning years in your record.
Full Retirement Age: If you work before reaching full retirement age, your benefits are reduced until you hit that milestone.
Taxable Income: Earnings from work may increase the portion of your Social Security benefits that are taxable.
Impact on Disability: Working while receiving Social Security Disability benefits can affect your eligibility or payments.