I understand most of the rules for early retirement and collecting SS while working. My question is in a mid year retirement your income limit is based on monthly income for the remainder of the calendar year. So if I retire and get my 1st check in September I would have 4 months of collecting SS total for year. The total income limit is $22,300 or $1,858/month. So how does it work? Do I need to stay below the $1,858 each month or just stay below (4 x $1,858) $7,432 through the end of the year?
I’m thinking in 2025 I could make the limit in one month (example: not realistic) and stop working if I wanted? Is this accurate?
I’m thinking in 2025 I could make the limit in one month (example: not realistic) and stop working if I wanted? Is this accurate?
Statistics: Posted by Mr. Potter — Thu Jul 04, 2024 7:03 pm — Replies 2 — Views 400