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Your social security will change to retirement, once you reach age 66
There is no need to apply for retirement age age 62
In fact, if you applied for retirement age 62 your benefit would go down by about 32%
Well, before full retirement age, your benefit is reduced $1 for every $2 you earn over $15,120
If you wish to switch to retirement, all you would need to do is go to your local office
Well, your benefit would go down 32% right off the bat, and then based on your earnings, you would be reduced an additional $370 (although they would not do this up front, they would wait until you file your tax return, then ask for the money back)
Monthly, but for a year at one time - so it would be $4,440
No, each year you earn over $15,120 until you reach 66
once you reach age 66 you are in the clear
You cannot earn more than $1,040 per month - this is profit
so your income can exceed your assets by only up to $1,040
The business earnings
Correct, after all expenses
Yes, you could do that
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