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Filing for social security when 62
Old 08-06-2012, 09:03 AM   #1
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Filing for social security when 62

I am a library worker age 62. My income and requirements are not large. My spouse passed away away 5 years ago. No kids. I will be able to claim full survivor benefits when I turn 66. It is larger than mine.


I plan to continue working for a few years. I continue to work because my work is fun. I work with lot of really nice students, great student employees, and have a great boss and coworkers. My health will cause me to retire before 65.


I cannot see any downside to taking early social security and continuing to work (except for the complexifing of my federal and state income tax filing).


Am I missing something?
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Old 08-06-2012, 09:43 AM   #2
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Originally Posted by jamcarls View Post

Am I missing something?
You may be. If you are less than FRA, you lose $1 of SS benefits for each $2 of earnings you have above a threshold which, for 2012 is $14,640.

https://www.socialsecurity.gov/pubs/...#a0=4&working=
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Old 08-06-2012, 09:49 AM   #3
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Quote:
Originally Posted by jamcarls View Post
I am a library worker age 62. My income and requirements are not large. My spouse passed away away 5 years ago. No kids. I will be able to claim full survivor benefits when I turn 66. It is larger than mine.


I plan to continue working for a few years. I continue to work because my work is fun. I work with lot of really nice students, great student employees, and have a great boss and coworkers. My health will cause me to retire before 65.


I cannot see any downside to taking early social security and continuing to work (except for the complexifing of my federal and state income tax filing).


Am I missing something?
Well, do you need the additional income?
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