Over 65? The Earnings Limit Rule That Reduces Your Benefits

Описание: If you’re over 65 and still working, your Social Security check may be reduced — but not because of a new 2026 law. The Retirement Earnings Test has existed for decades and applies only if you claim benefits before reaching your Full Retirement Age (FRA). If your earned income exceeds the annual limit, $1 in benefits may be withheld for every $2 you earn above that threshold. This surprises many retirees who return to work part-time and suddenly see a smaller deposit.

In this video, we explain how the earnings limit works, who it applies to, and why wages and self-employment income count — but pensions, IRA withdrawals, and investment income do not. We also clarify what happens in the year you reach Full Retirement Age, when a higher limit applies and the rule eventually disappears. These rules are administered by the Social Security Administration and are outlined in official SSA guidance on the Retirement Earnings Test.

Most reductions under this rule are temporary. Benefits withheld before Full Retirement Age are recalculated once you reach FRA, meaning the money is delayed — not permanently lost. Review your earnings estimate carefully, understand your Full Retirement Age, and update the SSA if your income changes during the year. This video is for educational purposes only and is not financial advice.

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