Still working & drawing social security...
by Anonymous
Do i have to quit my current job in order to start drawing my social security benefits at age 66?
I need to continue working for spouse's insurance benefits.
Wendy's reply: Heck no... if age 66 is your "full retirement age" with Social Security, you can collect FULL Social Security AND FULL wages while you remain employed.
At my employer, we have quite a few who are doing this... "double dipping" with Social Security and wages is a great way to add to your savings account while you still can!
If at all possible, bank all of your Social Security payments.. you'll need that extra cash later, and its an easy way to save for the future, now, while you've got a double income.
In addition, every year your benefit will be recalculated and increased as you earned more working... yeah!
However, others would say to wait for benefits, as they increase greatly by waiting -- big decision, and its all yours!
Best Wishes! Wendy
Here is the Social Security page if you'd like to read it or print it out....
Social Security and working at age 66Look at: How much can you earn and still get benefits?
