If youre like most Americans, you may be struggling to save money for retirement. Around 22% of Americans have less than $5,000 in retirement savings, according toNorthwestern Mutuals 2019 Planning & Progress study. But the future doesnt have to be grim.

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Working in retirement may sound daunting, but there are plenty of reasons to keep up the daily grind later in life. People often decide to keep working or take up partial employment so they can supplement their retirement savings, for social interaction or to keep a sense of structure, according toNerdWallet.

The gap in retirement savings has a lot to do with the fact that many Americans plan to work during retirement nearly 19%, or 9 million, are working part or full time, according to thePew Research Center.

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While your household income may get a boost, working in retirement could affect other sources of income, like Social Security or even your taxes. According to the financial planning websiteSmartAsset, here are the rules for working while receiving benefits:

For each year you delay your benefits beyond your normal retirement age, up to age 70, your benefit amount increases. If youre able to wait until age 70, youd receive 132% of your benefit amount.

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Another factor to consider is that for a traditional 401(k) or IRA, you have to start taking the minimum distribution amount when you hit 70.

If youre wondering if your employer can cancel your health insurance when you turn 65, the answer is yes, but only if you work at a company with fewer than 20 employees.

As for how working in retirement will affect your taxes, if youre working and receiving Social Security benefits or have a pension, some of your benefits might be taxed. Since Social Security is based on combined income, if that adjusted gross income is more than $25,000 for single filers and $32,00 for joint, up to 50% of your Social Security benefits could become taxable income, according to NerdWallet.

Need more information on whether you should work in retirement? Check our NerdWalletsretirement calculator.

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Planning to work in retirement? Heres what you need to know - Atlanta Journal Constitution