My spouse wants to start collecting his retirement at age 62 but loves his occupation. I was wondering if he could retire at 62 but continue to work some hours. Will there be a limit on what he can earn?
2007-12-11 04:35:58 · 4 answers · asked by joie 6 in Business & Finance ➔ Personal Finance
yes he can keep working and since it will be in 2008 he can make up to 13540 and than they dock him one dollar for every two he works!!!!
2007-12-15 00:59:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Quoting from this article:
"In 2008, if you continue to work while collecting Social Security and you are younger than 66, you can earn up to $13,560 without jeopardizing Social Security benefits. After that, you lose $1 in benefits for every $2 you earn over the limit. Once you turn 66, you can earn any amount without reducing your benefits."
2007-12-11 04:42:49 · answer #2 · answered by Anonymous · 2⤊ 0⤋
yes but there is a limit on the amount of money they can make plus it lowers the amount after 65
2007-12-11 05:29:14 · answer #3 · answered by Curtis R 4 · 0⤊ 0⤋
yes -- I think about $11,000 a year is max -- if over the limit he will have to refund some of his Social Security
2007-12-11 04:40:45 · answer #4 · answered by golferwhoworks 7 · 1⤊ 0⤋