DH FRA is in 2019. He is considering retiring in the next month or two. I thought that he could not take SS in 2018 since he is above the income limit for 2018.
But in my Fidelity newsletter today it said--
Tip: You should also be aware of a special rule for the first year of retirement. This rule allows you to get a full Social Security check for any whole month you’re retired, regardless of your yearly earnings. This helps people who retire in midyear or later who have already earned more than the annual earnings limit.
So if he retires in September, he can still collect SS for October-December 2018 without any penalty? Is that correct? I'm not doubting Fidelity, just doubting my comprehension!
Thanks!
But in my Fidelity newsletter today it said--
Tip: You should also be aware of a special rule for the first year of retirement. This rule allows you to get a full Social Security check for any whole month you’re retired, regardless of your yearly earnings. This helps people who retire in midyear or later who have already earned more than the annual earnings limit.
So if he retires in September, he can still collect SS for October-December 2018 without any penalty? Is that correct? I'm not doubting Fidelity, just doubting my comprehension!
Thanks!