Part-Time or Partial Employment After Retirement
A successful retirement is usually an active one that may include continued partial employment. Such employment can provide additional inflation protection. Depending on annual earnings, Social Security payments may be reduced or suspended. Check with the local Social Security office to determine the effect of employment. Company retirement and other benefit plans will probably not be affected, but it is well to check on this before accepting employment. Obviously, a part-time job will increase taxes, including continued payment of Social Security tax. The decision whether to continue working after retirement also depends on personal inclination and other factors, but financial considerations such as possible reductions in Social Security or company benefits should be carefully reviewed.