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I am going to collect Social Security at age 62 on my birthday in August. In the first 6 months of this year I will earn 50K on my job before I start collecting reduced benefits. Will that 50K count against me when they calculate the $1 SS reduced for every $2 earned rule OR do I start with a fresh slate far as earnings go when I begin collecting SS? I don't plan to work once I start collecting in July.
Unless your birthday is Aug 1st or 2nd. You will start receiving your SS benefit in Sept. not July.
If your actual B-day is the 1st or 2nd, then your benefit will start in Aug.
because SS considers you 62 the day "before" your actual B-day
and to receive early benefits at 62, you must be 62 for an entire month.
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