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I'm 62 if I retire now but still work how much can I earn in…

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I'm 62 if I...

I'm 62 if I retire now but still work how much can I earn in wages before I'm penalized by Social Security

Accountant's Assistant: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.

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Accountant's Assistant: Is there anything else the Retirement Accountant should be aware of?

I turned 62 in January do I have to retire by a certain date or is it anytime this year.

Submitted: 3 months ago.Category: Social Security
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Answered in 2 minutes by:
3/24/2018
Social Security Expert: Carter McBride, CPA replied 3 months ago
Carter McBride
Category: Social Security
Satisfied Customers: 1,269
Experience: Adjunct Professor
Verified

Hey! I'm Carter, I'm a CPA and can help you out.

The 2018 annual limit is $17,040. If you are under full retirement age for the entire year, Social Security will deduct $1 from your benefit payments for every $2 you earn above the annual limit.

Let me know if you need anything else. If not, please leave a rating. Thanks!

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Social Security Expert: Carter McBride, CPA replied 3 months ago

Hey! Just wanted to follow up to see if you needed anything else. If not, please leave a rating so I can get credit for helping you out. Thanks!

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