I was born 12-14-47. I started collecting my SS last May 2012. OK, so on 12/14/2011, you turned 64, right? So in May, 2012, you were about 64 and 1/2 years old. OK, early retirement you were collecting, at a discounted rate.
I visited SS office 2 x prior to applying and called 2x on the phone trying to clarify information. It can be confusing, yes, and wraught with misinformation.
I was still working but was told it didn't matter how much I earned in 2012 prior tol the month I started collecting as they would look at my earnings on a monthly basis from May onward. OK.
I knew i made too much each month after April 30, but it varied each month and the way I figured it I owe SS $3183.90 back. Were you right?
I went again to SS office in Feb to tell them I owed money and they told me to go away until i got a letter from SS. Yes, they are just clerks, not the bean counters.
I just got my letter and the way SS figures it ( on a yearly basis) I owe them $5499 and SS put my start date as the beginning of the year so it looks like even if I pay this money that my monthly benefit will be less based on an earlier starting date of benefits....Help....Marcia
It is true that so long as you are earning more then what a claimed "retired" person makes, and remain younger than your full retirement age, yes, each month will cause the SS to be reduced or even eliminated. However, it is not actually gone. Those months that you do not get SS, work together to negate some or all taking of "early retirement" and the benefit amount you will be entitled to will be less impacted by any mandatory "discount" due to taking early.
Are you trying to determine the method they determine what has to be paid back? Which months?
I look forward to your response to my questions, so I can provide you with more information, so don't feel the need to rate now, til we are done. I will be leaving for a birthday dinner soon, but will catch up with you later to see if you have had a chance to respond. Thanks!