W Working Past Retirement Age – Pros and Cons

hat are your plans for retirement — visiting family, traveling, relaxing? Or maybe you plan on working well past your retirement age. If your plans include continuing to work, make sure you weigh the pros and cons of that plan of action.

Pros

• You’ll continue to receive a regular paycheck. • Your employer may provide health care coverage. • Retirement savings can potentially continue to grow. • If you delay receiving Social Security benefits, your payments may increase.

Cons

• If you work part-time at a reduced salary after your normal retirement age, your pension benefits could be permanently reduced. • If you start drawing Social Security benefits early and then re turn to work, your benefits will be reduced if your earnings exceed a certain limit. The earnings limit applies until you reach full retirement age.

Matthew Lagoy, CFP®, CRPC®, is a Financial Advisor with Janney Montgomery Scott in their branch office at 200 N. High Street, Suite 201, West Chester, PA 19380. www. matthewlagoy.com / 610.701.6069 / mlagoy@janney.com. Janney Montgomery Scott LLC. Member: NYSE, FINRA, SIPC. The information presented is not intended as tax, legal, investment, or retirement advice or recommendations. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. 2017 Broadridge Investor Communication Solutions, Inc.