Everything You Need to Know If You’re Thinking of Unretiring

During the height of the pandemic, we witnessed the “great resignation.” We are now seeing another trend — “unretirement” — with many older Americans coming out of retirement and reentering the work force. A recent survey found that about two-thirds of retirees are thinking about going back to work.

If you’re one of them, be sure to read this article by CNBC. It explains exactly how that paycheck could impact your Social Security benefits, taxes and more. If you’re not careful, that extra income could cost you.

The Seniors Trust believes retirees would not need to even think about going back to work if Congress would enact the Social Security Expansion Act. This landmark piece of legislation will provide a $200 monthly benefits boost, along with establishing a fairer cost-of-living adjustment and shoring up the long-term solvency of Social Security.