In the United States, the minimum age to apply for Social Security retirement benefits is 62. However, opting for early retirement comes with a 30% reduction in monthly benefits. This article explores whether you can continue working full-time while receiving these benefits and how it impacts your financial future.

Spousal benefits are designed to provide much-needed retirement income to married couples for which one spouse had a relatively low income. The most prevalent example is situations in which one spouse was a stay-at-home parent. However, spousal benefits can also apply in cases in which one spouse simply earned a much higher average salary.

The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.

So, anyone that claims Social Security as soon as possible — thereby incurring the largest benefit reduction (30% for those born in 1960 or later) — would shortchange themselves by thousands of dollars. That's because delaying benefits beyond age 62 results in a higher payout, though there is no advantage to delaying past 70.

I'm 62 and currently working but my spouse passed away when I was 60. He waited until age 70 to take his Social Security. Can I collect his Social Security now in addition to my paycheck? If I get more money under my account at FRA,

Raising the Social Security retirement age to 69 has the support of some politicians. Here's how it would affect your benefits if it happens.

Just for the record though, current 72-year-olds are among those collecting the biggest monthly Social Security payments. Start Your Morn

If you meet the requirements of being a caregiver, you may be entitled to additional funding in your Social Security benefits package.

Understanding your Full Retirement Age (FRA) is crucial for optimizing your Social Security benefits. This pivotal number determines when you can claim full benefits and how much you'll receive.

The federal government hasn't changed how it taxes Social Security in over 30 years. The rules are often in conflict with other tax strategies to maximize income and minimize taxes in retirement. Knowing all the details can help you make smart decisions about whether to take the tax hit now or wait until later.

Navigating the complexities of Social Security benefits can be challenging, especially if you plan to continue working after retirement. Understanding how your earnings impact your benefits is crucial to making informed financial decisions.