Working while Receiving Social Security

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I took SS at 63 and continued to work fulltime. I knew there would be the cut in my benefit and the penalty for exceeding the income level. It worked for me because I used the additional income to pay down my debt. What I didn't expect and it came as a pleasant surprise was that, because I was working and still paying into the system, my benefit continued to increase every year until it reached and exceeded the original amount I was going to receive. It really worked for me...I ended up retiring at 70 with more SS than I was expecting, plus I had paid off my mortgage and my credit card debt. Yay!

How about cutting off congress benefits if they receive any other funds? Where is there limit? Accepting lobbyists money should be against the law too.

People. are facing a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

I can't believe congress is punishing people for wanting to work, if they want to take retirement early. Why did they pass these stupid laws. We worked for that money it came out of our paychecks that we worked hard for. This is ubsurd that they put these penalties on us. Just some more hoops to o make things harder for the elderly. I'm angry that congress doesn't get together and change these laws, it's not fair to all Americans.

62 and working two days a week. It’s awesome. It’s as good as it’s going to be for me

I know quite a few people who didn't even live to reach early retirement, let alone full retirement of 67. I'm taking mine early.

I retired this year at 62. Never mind "making it" to 70- it's best for me to retire now. I, like so many others, never held a "high paying job with 6 figures." I'll be getting $1091 a month starting in September. I'll be working side gigs and online items to make extra money. At that time, it's MY choice to work or not. As long as I stay under $21k per year, (no problem there), I'll be fine. I'm happy with my decision.

The income limit should either be raised significantly or better yet, removed completely.

The cap on the max amount of money you can make will drawing Social Security was set in 1983, and placed in force in 1990 If you adjust for inflation the cap today should be $80,000 People should contact their Congressperson to ask for this inflation adjustment

You should be able to work and collect social security without penalties. It’s your money.

The essential thing that everyone should be thinking about right now is investing in non-government sources of income. Especially in light of the current global economic crisis. It is still a wonderful moment to invest in gold, silver, digital money, and stocks.

I took mine at 62. Don’t wait till your to old . Live sensibly

I bet Congress is exempt from this.

The thing is, what if you die before you reach full retirement age, and you didn't claim any benefits. The only winner there, is the government because you contributed, but they don't have to pay you because you are dead. For some of us, we need to claim at age 62 so we get back some of what we put in.

At 55 I retired. At 62 I started SS. $2343.00 per month. No way was I ever going to leave that money on the table. I've worked since I was 13.

The advice to wait until full retirement age to collect presumes that the person will have the same job & income till then. In actual fact, many people lose their jobs to age discrimination and can never find another full time job that pays them what they had made. I originally planned to wait until 70, but I lost my job at 61. I tried for over a year to find another comparative full time job with no success. I had only 6 months of unemployment, so I had to start collecting social security at 62 and a half. By then I had a decent part time job, but it paid me less than 20% of my former salary. According to the chart, if I could have waiting till 70 to collect social security, I would have gotten another $750 a month, so I was very stressed about having to take it early. But I spoke with someone at my local social security office and she explained that in actual fact, given what I was now making working part time, I'd only get another $200 a month by waiting til 70. In the meantime, I'd have lost all that needed social security income till then. PLUS, because I am paying taxes on my part time income, my social security checks will rise each year, more than the COLA raise. Less than 3 years later, I'm already getting more than $200 a month more because I'm working. My advice to people is, don't stress about the coulda, shoulda, woulda; it's your money. Collect it when you need it!

What makes me furious is the fact that we aren't teaching this in school, and how important it is to start saving and investing at a young age! I have drilled it into my sons to save and invest now while they are young so that in 20 or 30 years they will be comfortable! I'm on target to retire at 62 because I have investments and praying they continue to grow I will be comfortable!

Every case is different...I did the math and I got to the conclusion that if I retired at 62 I will work only 4 days a week instead of 5, and with the 900.00 that I am getting from SSA I will end up making more money and work less...I don't think that I will never regret to retired at 62...

We should get all of it at 62