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Work Without Reducing Your Benefits

You can keep earning money without reducing your Social Security benefits as long as you play by the rules. You still get full benefits under these circumstances:

– You reach full retirement age, no matter how much you earn.
– You reach full retirement age in 2018 and make $45,360 or less.
– You reach full retirement age after 2018 and earn $17,040 or less.

When you are under full retirement age and make more than the limits, you lose $1 in benefits for every $3 earned if you reach full retirement age in 2018 and $1 for every $2 earned if you reach full retirement age after 2018.

Don't worry too much, said Brannon Lambert, a retirement expert with Canvasback Wealth Management. When the Social Security administration withholds some benefits due to the earnings test, the withheld money is returned to your pool of funds. Your benefits will be recalculated and increased once you reach full retirement age.

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