Hold off on Social Security until after you retire

Most people eligible for Social Security start claiming their retirement benefits when they reach age 62, even if they’re still actively working.

It’s always a good thing to have some extra money in addition to your income from work but if your overall earnings exceed certain thresholds, you will have to return some of that money. Although you do get some credit for those forfeited funds in a later stage, it’s advisable to wait until you’ve stopped working and then claim your Social Security.