Thank you for your question about how Social Security benefits are affected if you continue to work.
According to the Social Security Administration (https://www.ssa.gov/benefits/retirement/planner/whileworking.html), if you are under the Full Retirement Age the entire year of 2023, you may earn $21,240 without affecting your Social Security Benefits. For amounts over $21,240, for every $2 of additional earnings, your Social Security benefits will be reduced $1. For example, if you earned $31,240, your Social Security benefits would be reduced by $5,000.
If you reach Full Retirement Age during 2023, for every $3 earned prior to Full Retirement Age, your Social Security benefits are reduced $1.
The month you reach Full Retirement Age, there is no limit on your earnings and, therefore, no affect on your Social Security benefits.
