The full retirement age for Social Security – the age in which you get 100% of the program's benefits – has risen over recent years.

Very few people will qualify for the maximum Social Security benefit. According to the Social Security Administration, only around 6% of people earn over the wage base limit in a given year. That leaves a ton of people who will never qualify for the maximum benefit.

Social Security is vital for many retirees, but working while receiving benefits before Full Retirement Age can affect your payments. Learn how earnings thresholds impact your financial planning.