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So you're thinking of going back to work after you've already started to collect your social security benefit, and you still haven't reached your full retirement age yet. So you're absolutely going to be subjected to the work-related earnings test that social security has in place, to discourage people from taking the money early, and then continuing to work.

So a few things you're going to need to think about: first, what income do you anticipate receiving? If it's going to be in excess of the current year's limit, then you need to be reminded that for every $2 over that limit, they're going to keep $1 of your social security benefit.

And it's really any benefits that are being paid based upon your work history. So if you have a spouse or a dependent child receiving a benefit from your work history, those dollars will also be subject to that withholdings test. So absolutely something to keep in mind, if you're considering going back to work.

Are you considering collecting Social Security while working?  Your age can make a big difference –find out where you stand.


Rob Kron, Managing Director, is the head of Investment and Retirement Education for BlackRock’s U.S. Wealth Advisory group. He provides practical information on topics that are important to every saver and investor of every age. You can find more from Rob here.

The above commentary is based on Social Security laws in effect as of July 2014. Congress has made changes to the laws in the past, and can do so at any time in the future.

This material is provided for educational purposes only and does not constitute investment advice. The information contained herein is based on current tax laws, which may change in the future. BlackRock cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in these materials does not constitute any legal, tax or accounting advice. Please consult with a qualified professional for this type of advice.

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