Reported 1 day ago
If you're considering retiring mid-year, be aware that your income level can affect your taxes and Social Security benefits. While you won't directly have to pay back Social Security, retiring before your Full Retirement Age could lead to withholding of benefits if your income exceeds certain limits. It's important to plan ahead to avoid unexpected tax implications and consider other factors like health insurance and pension calculations. Consulting with your tax advisor for personalized guidance is recommended.
Source: YAHOO