Dear Rusty: I am fast approaching 65 (in August) and plan to continue working full time. I would like to know the implications of that, and about drawing Social Security. Same question for my husband who is past his full retirement age (he will be 67 this year) and he continues to work full time. Signed: Still Working Dear Still Working: Married couples should always coordinate their retirement strategy, and you’re very smart to do so. Born in 1958, your full retirement age (FRA) for Social Security purposes is 66 years and 8 months. Your FRA is the point at which your earnings from work no longer affect your Social Security benefits, but if you claim at age 65 and continue to work full time, you will be limited to how much you can earn before they take away some (or perhaps all) of your benefits. Here’s what will happen if you claim Social Security (SS) to start in August when you are 65:
May 27, 2023
I’m Approaching 65 – Should I Claim Social Security?