Quote:
Originally Posted by Boomer
Actually, there is more to it. It is not as simple as what was said in the quote above.
The quote above applies only to those who choose to wait until reaching full SS age before collecting.
Those who choose to collect SS at 62, or somewhere before their full SS age, have to calculate earned income limitations should they decide to work. That is because SS benefits are reduced by $1 for every $2 earned over a certain limit. The earned income limit for 2019 is $17,640. ($1470 per month)
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Not just those who "choose" to get SS at age 62 but those whose jobs, companies, departments were eliminated when you're almost 62, and starting over in the work force after over 20 years at the same job, when you were planning on retiring in a few years anyway, is not practical or pragmatic. Sometimes "early retirement" isn't a choice.