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Ask the Retirement Expert: Can I Claim Social Security and Continue to Work?

Angela DiCastri, MBA, CLU® •  March 31, 2016 | Enjoying Retirement, Ask the Expert

By Angela DiCastri, MBA, CLU®

Angela is the Director, Retirement Market, Planning and Sales. Under her leadership, the department is responsible for the growth and development of the retirement market, sales and adoption strategies, and the execution of plans that align with both the markets needs and the Company’s product development efforts.


Each week our Northwestern Mutual retirement experts answer your questions. This week’s question:

Can I claim Social Security and continue to work?

Yes, but …

Once you have reached your full retirement age (FRA), you can work and claim your Social Security benefits. However, if you claim your Social Security benefits prior to your FRA and continue to work, your benefits may be reduced.

If you are younger than full retirement age, your benefit will be reduced by $1 for every $2 in earnings above $15,720 (in 2015). In the year you reach full retirement age, your benefits will be reduced $1 for every $3 you earn over $41,880 (in 2016) until the month you reach your FRA.

It’s a good idea to talk to a financial professional who can help you see how your entire financial picture fits together.

Learn more about maximizing your Social Security by downloading our free guide Social Security Simplified: Select the Right Options to Maximize Your Income.

Do you have a question for our Northwestern Mutual retirement experts? Click here to send your questions.




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