What Happens to Social Security Retirement Benefits If 2020 Recession Forces You Back to Work?
The COVID-19 pandemic has had a profound financial impact across America, and retirees aren't immune to its consequences. In fact, as many as one-in-four retirees have indicated COVID-19 may force them to start working for a paycheck again.
If you're one of the seniors considering returning to work, it's important to realize that this decision can affect your finances in other ways besides giving you a new source of funds. In particular, if you are under full retirement age, your choice to go back to work could lead to a reduction in your Social Security benefits.
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Source Fool.com
