What to Know About Working After Age 65

Published by the Beacon, By Kate Ashford

Continuing to work past the traditional retirement age gives many the opportunity to add more money to their nest egg — and to delay Social Security, which will bump up their eventual benefits check.

In May, 21.9% of Americans ages 65 and older were working, compared with 19.5% in May 2020, according to a study released in June by MagnifyMoney, which analyzed U.S. Census Bureau Household Pulse Survey data.

It’s important to know how working affects your Medicare benefits, Social Security and tax situation. Here are some things to understand about staying in the workforce later in life.

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