Reported 10 months ago
Deciding when to take Social Security benefits is crucial in planning your retirement strategy, with benefits based on your earnings history and not affected by retirement income. However, working while claiming benefits could reduce monthly payments. Social Security calculates benefits using your indexed monthly earnings and primary insurance amount (PIA). Working while receiving benefits can result in deductions based on income. Consider coordinating retirement withdrawals efficiently to maximize benefits, and diversifying income sources. Consulting with a financial advisor can help optimize Social Security benefits and overall retirement income planning.
Source: YAHOO