Weighing in - Soon to be retired Posted: Jun 23rd, 2019 - 10:40 am In Reply to: SocialSecurity.gov - 62 is not my full retirement age
I chose to work until my full retirement age of 66 because for me it was hundreds of dollars a month difference compared to retiring at 62, so use the on line calculators and project that out into the future. If you draw SS prior to your full retirement age and continue to work there are limits on how much you can earn or you will be penalized. However, if you wait until full retirement you can draw benefits and work and earn as much as you want. Keep in mind that Social Security is taxed and your Medicare payment is automatically deducted from your check. I think you can apply for SS at any time but it will probably take a few weeks to process your application and receive your first check. The 3-month window applies to enrolling in Medicare, it is 3 months before and 3 months following your 65th birthday or you pay a penalty. There is a toll-free number you can call to set up an appointment to speak with an agent but you can do a lot of it on line. I didn’t have much luck at our local SS office, the line was always too long. Good luck with your decision.
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