For financial advisors, it is a complicated issue to advise their clients to resume working after they start receiving social security benefits. The amount of reduction of the benefits caused by continued working after retirement depends on when the client chooses retire before the Full Retirement Age (FRA). The Excess Earnings Test (EET) determines how much less social security benefits the retiree gets if he or she chooses to keep working and retire early.

For more see When Retired Clients Try to Go Back To Work, Frank Rainaldi, Wealthmanagement.com.

Posted by Jin Keol Park, Associate Editor, Wealth Strategies Journal