Working and Receiving Social Security (The New Rules for 2025)

In this video, we’ll break down the new 2025 Social Security earnings limits and explain how they impact retirees who continue to work while receiving benefits. Learn how much you can earn before facing benefit reductions and how these changes affect your retirement planning.

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Disclaimers 👨🏻‍⚖️

📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.

⭐⚠️⭐Please read this⭐⚠️⭐

⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇

[bruceellenburg]

I started receiving S.S. at full retirement age 66 and 4 months. I'm working full-time and receiving benefits, one of the best decisions I've made

[nicolasbenson]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[kennethreynolds]

Finally someone explained it where I can even understand, thanks.

[Floridabruce]

I'm 65 and retired at 62. I've watched so many Social Security videos that basically just rehash the basics, leaving more questions than answers. Then I found this channel. Wow. You just answered all my questions. Thanks for going above and beyond the "yada yada stuff". 😊

[michaelvitale]

I fully understand the earnings limit. Except one thing. Why does it exist ? What possible reason could the government have to disincentivize an American to work & earn ???

[CarlosRodriguez-hbvq]

It’s true that “there is no limit on earnings once you reach full retirement age” in the sense that benefits will not be reduced. However, Social Security benefits are still taxable, and more of those benefits are taxable if you earn other income.

[masterlee]

Next year is my full retirement age year. Good to know I can make up to $62, 160 with no penalty. I won't make that much so I will keep working and start collecting in January 2025 getting a little over $2, 900 a month. I will just do direct deposit in my account every month. life is good. Great Video, thanks for caring about the people going on or are on social security.

[CaliforniaCyclist]

I really appreciate you sending me that cheat sheet. It's the best! Thank you for this information too, you're great Devin

[barbarajones]

Thank you this was very informative. I wish there was a transcript I could print out.

[MyTentLife]

I understand about the earning limits when taking an early retirement. What I don’t agree with is if I make $10 more that I’m allowed they take my whole SS check in Jan instead of just the $10. So if you get 1 k for SS a month and you go over )10 in the previous year you will loose your whole Jan SS check and they will put the remaking $995 back into you SS at full retirement age. But 90% of us has no knowledge on how they calculate the SS so do they really add your $990 back into your SS. I don’t believe they do.

[edsweeney]

This is the best and clearest explanation on this topic that I have seen. Thank you.

[rodwhitney]

Love the Podcast, it even keeps my wife's attention when we are traveling. Helps us have good conversations about our finances and estate planning.

[New-bwkz]

Everyone that has worked should be entitled to its full amount at retirement age regardless of income. Its our hard earned money 🤬.

[HarryTwoDogs]

No limit on earnings after FRA. No change to that rule. THX.

[MichaelBrown-nyet]

The earnings limit is ridiculously low. A Mc Donald’s worker makes more than that.

[alanthomas]

Great Video. Thank you. Now I just have to figure out for self-employment income, if I can count the losses from previous on a business (sub chap S) that I closed this year against the profit of the new business (sole proprietor) I started this year in determining my Net Self-employment income towards my early social security that I receive? (born in May 1959)

[JannyLuits]

Social Security is important for many seniors, but it’s also crucial to plan for retirement with smart investments. Diversifying your investments helps grow wealth over time. It’s never too early to start saving and investing for a secure future. I'm 63 and my husband is 65. We’re both retired with over $3 million in net worth and no debt. We live frugally and earn monthly passive income, which makes our early retirement possible.

[Daaannn-gk]

Retirement is becoming increasingly challenging for many people. Low wages, inflation, and high rent costs make it difficult to save, and now, even middle-class Americans are struggling to buy homes—leaving them with fewer retirement options.

[maxfastest]

I'll continue to grab my share behind the scenes.
I've had enough suffering.

[thereasoner]

This was the exact video I was looking for from you. My spouse is 3 years older and we plan on her taking her SS at her FRA, and for 3 years, until I file at my FRA. Then half of mine will be more than hers so she will get a raise. However, I plan on working those 3 years in between, and this means my earnings don't negatively affect her SS. Awesome video with clear explanations as usual. Thanks again.