Tax implications if you work in retirement

Whatever your reason for considering working in retirement, know the impact to your Social Security and taxes. Here are the facts plus some strategies to consider.

For example: If you reach your FRA during 2016, the limit for earned income rises to $41,880 and the benefits reduction is $1 for every $3 earned over the limit until the month you reach your FRA. After that, there are no earnings limits and no benefit reductions based upon earned income. great information here

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