3 Reasons to Consider Working After Claiming Social Security
Written by Maurie Backman for The Motley Fool -> You may need more income to supplement your Social Security checks. Working could actually lead to larger monthly benefits for some retirees. If you're bored and restless, a job is a great thing to do with your time. For many p
You may need more income to supplement your Social Security checks.
Working could actually lead to larger monthly benefits for some retirees.
If you're bored and restless, a job is a great thing to do with your time.
For many people, claiming Social Security is synonymous with retiring and bringing a long career to an end. And after spending decades in the labor force, it's natural to reach the point when you don't want to work any longer.
But even if you're enjoying a monthly paycheck from Social Security , it could pay to return to a job. Here are three good reasons to consider working again.
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The average Social Security retirement benefit today is about $2,081 per month. If you don't have retirement savings and can't get by on just Social Security, a job could be a great way to supplement those checks.
Even if you do have retirement savings, if the market is down and it's a bad time to tap your portfolio, it could pay to have access to outside income. In that situation, a job could help you pay your bills while allowing you to leave your portfolio untouched, increasing the chances of a full recovery.
