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Will I Lose My Social Security Benefits If I Go Back to Work?

July 30, 2020

From the Motley Fool website

Though unemployment has been rampant during the COVID-19 crisis, some retirees may start thinking about re-entering the workforce at some point this year. Many people’s retirement savings took a hit back in March when the stock market tanked, and while it has largely recovered, we don’t know what the rest of the year has in store. That means a lot of 401(k)s or IRAs could take an additional beating in the course of 2020, prompting some seniors to return to work in an effort to leave their savings alone and let their portfolios recoup lost value.

If you’re collecting Social Security, you may be wondering if returning to work is even allowed, and how it might impact your benefits. Here’s what you need to know if you’re thinking you may need to get a job at some point this year.

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