can you collect social security at 62 and still work

can you collect social security at 62 and still work插图

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If you’re eligible for Social Security, you can start collecting your benefits as early as age 62.You can also continue to work. But unless you’ve reached your full or normal retirement age (such as 66 or 67), you’ll be doubly penalized: By taking Social Security early, you’ll be accepting a benefit that is permanently reduced. 1 锘?/div>Can I Collect Social Security While I’m Still Working?

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  • What happens if you take Social Security at 62?

  • Updated Jul 28, 2019. If you’re at least 62 years of age, you can collect Social Security and continue to work. But unless you’ve reached full retirement age, you’ll be doubly penalized: By taking Social Security early, you’ll be accepting a benefit that is permanently reduced by about 30%.

  • Can I still work while collecting Social Security benefits?

  • If you’re under your full retirement age, however, your benefits will be temporarily reduced. Once you reach full retirement age, there’s no limit on how much you can earn while collecting full benefits. If you’re eligible for Social Security, you can start collecting your benefits as early as age 62. You can also continue to work.

  • Will I be able to work part time after retiring at 62?

  • Q) if I retire at 62 will I still be able to work part time? A) According to Social Security Administration: You can work while you receive Social Security retirement (or survivors) benefits. When you do, it could mean a higher benefit for you in the future.

  • Can You Earn and collect Social Security at full retirement age?

  • Early retirement has a penalty for earned income, but once you reach full retirement age, you can collect Social Security and earn any amount of income. Full retirement age depends on when you were born. Social Security uses full retirement age to calculate 100 percent of your benefit amount.

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