The Earnings Trap: How Social Security's Hidden Rule Affects Your Retirement Income The prospect of claiming Social Security benefits early is a tantalizing one for many seniors who have spent decades contributing to the system.
However, beneath the surface lies a complex web of rules and exceptions that can significantly impact retirement income.
One such rule, the earnings test, has been in place since 1983 but remains largely misunderstood by low to middle income seniors eager to start collecting benefits as soon as possible.