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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 16547
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
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I am 62 and have paid into Social Security all my life. In

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I am 62 and have paid into Social Security all my life. In fact have paid my maximum. I work and have a pension plan. I don't intent to retire for several more years but I need some supplemental income now. Can I draw on my Social security without damaging future payments when I do retire?

Megan C :

Thank you for your question, my name is XXXXX XXXXX I will be happy to help

Megan C :

Unfortunately, if you draw your benefits now, they will forever be reduced.

Megan C :

You cannot draw on your benefit prior to full retirement age without a reduction in benefits.

Megan C :

Also, if you work your benefits would be reduced even further, by subtracting $1 for every $2 you earn over $15,120

Megan C :

Do you have any questions about this matter?

Megan C :

If no further questions, please take a moment to rate my response positively so that I may receive credit for assisting you today

Megan C and other Social Security Specialists are ready to help you