Can I collect my Social Security at 62 and still work full time? | Ep.76

Georgia Safe Retirement Planners di Georgia Safe Retirement Planners

Note sull'episodio

Are you approaching retirement and wondering if you can start collecting Social Security benefits at age 62 while working full time? The short answer is yes—but there are important factors to consider. In this episode, we’ll walk you through the key points:

  • Social Security Eligibility at 62: You can start collecting Social Security benefits as early as age 62, but keep in mind that this will reduce your benefits by as much as 30%.
  • Earnings Limitations: For 2024, if you earn over $21,240 while drawing benefits before your full retirement age (FRA), Social Security will temporarily withhold $1 for every $2 you earn above this limit.
  • Understanding Full Retirement Age (FRA): Your FRA depends on your birth year, with those born between 1943 and 1954 having an FRA of 66, and  ... 
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