If I retire in July and make more from Jan-July than I'm allowed to make in a year will I not receive anything from social security the next 5 months. Or does it not matter how much you make in the first 7 months as long as you don't make more than is allowed in the months after retirement. I will be 62 in July.
Wendy: Social Security uses a special earnings test in the first year you retire. I have linked to the Social Security site so you can read it all for yourself.
They have greatly simplified the explanations there.. but if you don't understand, please comment below and I'll respond. best wishes!