Thinking about collecting Social Security while still working? Here's what you need to know.
Many people wonder if they can collect Social Security benefits while still working - and the short answer is yes, but there are important things to consider before you do.
First, you don't have to officially "retire" to start collecting Social Security. You can claim your benefits while still working, but depending on your age and income, you may face a reduction in your benefits.
Here's how it works:
If you start collecting before reaching your full retirement age (FRA) - which is between 66 and 67, depending on when you were born - your benefits will be reduced if you earn over a certain limit. In 2025, that limit is between $23,400 - $62,1601.
The good news? Once you hit your full retirement age, you can collect 100% of your benefit and work as much as you want with no reduction in benefits. Plus, if you delay collecting past your FRA, your benefit continues to grow until age 70, increasing the amount you'll receive each month.
So, if you're still earning a good income and don't need Social Security right away, it may be worth waiting to collect - allowing your benefit to grow. But if you need the extra income, you can start earlier - just be mindful of how much you're earning.