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lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28903
Experience:  Taxes, Immigration, Labor Relations
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I will be 62 years of age in June of 2016, my income is approximately

Customer Question

I will be 62 years of age in June of 2016, my income is approximately $72,000 and I am still working. My husband of 34 years died in 2012, I was told to file for his SS close to my 62nd birthday. Is it true I cannot collect this because my income disqualifies me unless I retire and collect it?
Submitted: 10 months ago.
Category: Social Security
Expert:  lev-tax replied 10 months ago.
Yes - that is correct.While you do eligible for social security benefits - the issue is that you are below your full retirement age (FRA)Actually - you are eligible for survival spouse benefits as early as 60.
Expert:  lev-tax replied 10 months ago.
You can work while you receive Social Security retirement (or survivors) benefits.If you are under full retirement age for the entire year, the SSA will deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2016, that limit is $15,720.So if your wages are ~$72,000 - all your social security benefits will be eliminated....Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.