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Retire at 62 and work part-time

Retire at 62 and work part-time

April 5, 2011 by admin

Yes, you can begin receiving reduced Social Security retirement benefits at age 62.

However, if you retire before your "full retirement age" then you may face a penalty on earnings above the $14,160 annual exempt amount for 2011. If you are younger than full retirement age during all of 2011, the SSA will deduct $1 from your benefits for each $2 you earned above $14,160.

http://www.ssa.gov/oact/cola/RTeffect.html

http://ssa.gov/pubs/10069.html

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