The Double-Edged Sword: Working While Receiving Benefits

In today's video of "Wake the FICA Up!", we break down the often confusing world of the "retirement earnings test" and how working affects your Social Security benefits. Whether you're nearing retirement or just planning ahead, our whiteboard animation will guide you through the do's and don'ts. Dive in to learn more and make the most out of your benefits!

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[jdyerjdyer]

I was a little thrown off the first time I watched this. Let me see if this is correct:

So, in the example, the current limit if the retiree is at FRA (Full Retirement Age) would be $56, 520, but the retiree in the example is 2 years from FRA (65, not 67), so her limit is lower at $21, 240 meaning that the $40, 000 she made is $18, 260 over the limit reducing her benefits by $782, almost $800 less per month. Right?