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SS at 62. sm - MT

Posted: Jan 9th, 2017 - 9:46 am In Reply to: Social Security retirement at 62 - and working part time

I took SS at 65 due to circumstances at my employer cutting hours, benefits, incentive and bonuses. With all of that, I easily stayed under the limit. As someone else answered, what you get when you first start to draw will not go up unless we get a COLA raise. I do, however, get a little more in my first SS in January of each new year because I am continuing to pay taxes. They "catch you up" on that one check and then the rest are the same as always. It is usually around $100 extra that one time. I wanted to draw at 70, which would have meant about $600 to $700 more a month for me, but due to the state of this business, it was just not possible. Good luck to you.

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