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Understanding these limits can help youbalance work and retirement income without surprises.
New Earnings Limits for 2025: Whats Changed?
This is an increase from the 2024 limits of $22,320 and $59,520.
Once you are full retirement age, there is no limit.
How Much Can You Earn Before Benefits Are Reduced?
Once youve hit FRA, youll receive a recalculated benefit that accounts for any withheld payments.
If you exceed that amount, $1 will be deducted for every $2 earned over the limit.
Since the earnings limit for 2025 is $23,400, youre $5,000 over the limit.
Youll lose $2,500 from your benefits that year.
Heres how it works if you turn 67 in September 2025 and reach full retirement age and keep working.
Stay under the earnings limit to avoid temporary reductions or budget accordingly if youre going to exceed it.
If you dont need benefits yet, delaying your claim can increase your monthly payout for life.
The key is understanding the rules so you might make informed choices that support your long-term financial security.
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