New Social Security Bill 2026 Eliminates Earnings Test: (The Risk)

A new proposal in Congress — the Senior Citizens Freedom to Work Act of 2026 — could eliminate the Social Security earnings test entirely, letting you collect benefits at 62 while still working and earning as much as you want. In this video, I break down exactly how the current earnings limit works, why it costs Social Security tens of millions of dollars a year to administer, and why I think eliminating it is a good idea. I also dig into the bigger picture: why claiming early isn't automatically the right move even if this passes, the difference between the "go-go, slow-go, and no-go" years of retirement, and why flexibility — not just maximizing your monthly check — might be the most valuable part of this proposal. Plus, I cover what this change would NOT do, including the taxes you'd still owe on your benefit and wages. If you're 60+ and thinking about when to claim Social Security, this is a must-watch before you make that decision. #SocialSecurity #RetirementPlanning #SocialSecurityBenefits #EarningsTest #RetireEarly #FinancialPlanning #RetirementIncome #SocialSecurityAt62 #PersonalFinance #RetirementStrategy Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDA... For more resources: 👉 https://www.wfa-nc.com/ 📝 Get your Free Retirement Plan checkup https://www.wfa-nc.com/retirement-plan-check-up To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1 I want you to be more confident in your future: whether that be through preparing for retirement, financial planning, portfolio analysis, or college planning. I trust the information you receive through these videos proves helpful with your personal financial situation! Website: www.wfa-nc.com Facebook: https://www.facebook.com/KeithWilsonF... Linkedin: https://www.linkedin.com/in/keithwils... I am looking forward to seeing you achieve your financial goals!