While the majority of Americans elect to receive Social Security benefits prior to reaching full retirement at age 66, there's one thing that may dissuade you from doing so. Namely, your annual benefits will be reduced if you continue working and earn above $15,480 a year.
The good news is that this only impacts so-called "earned income," which by definition excludes earnings from passive investments such as stocks and bonds, retirement plans, and real estate.
With respect to real estate specifically, this means that unless you're a real estate broker or professional (in which case, proceeds therefrom would be considered earned income), then you have no reason to fear that rental income will weigh on your Social Security benefits.
To learn more about this, check out the video below in which Motley Fool contributor John Maxfield answers a reader's question on the issue by delving deeper into the earned-income rule and its exceptions.
How to get even more income during retirement
Social Security plays a key role in your financial security, but it's not the only way to boost your retirement income. In our brand-new free report, our retirement experts give their insight on a simple strategy to take advantage of a little-known IRS rule that can help ensure a more comfortable retirement for you and your family. Click here to get your copy today.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.