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social security at 62 as an investment?
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Budget & Savings
social security at 62 as an investment?
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I work full time at a credit union and will be 62 next month. One of our members came in last week and told me that I can start taking soc sec now, keep working my full time,and could keep a
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Cat:827966ee-6d39-4ef7-98a5-0157a43092f8Forum:f80ddd14-505a-4bab-8d65-8444c1068885
Cat:827966ee-6d39-4ef7-98a5-0157a43092f8Forum:f80ddd14-505a-4bab-8d65-8444c1068885Discussion:a78c15c5-5593-41b1-b5e6-7cddc5e352dc
Forums » Money » Budget & Savings » social security at 62 as an investment?
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social security at 62 as an investment?
posted at October 25, 2011 8:52 PM EDT
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Posts: 2
First: October 25, 2011 Last: October 25, 2011 |
I work full time at a credit union and will be 62 next month. One of our members came in last week and told me that I can start taking soc sec now, keep working my full time,and could keep all the checks I receive to invest as I choose up until the time I gross $14,000 for the year at my current job. Then, they said I'm aloud to send back the rest of my monthly checks for the year to soc sec ,they would deposit the money back in my money pool, and at age 66 I would start getting a larger amount for my full retirement age. Is this true? Has anyone out there ever heard of this?? |
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Re: social security at 62 as an investment?
posted at October 25, 2011 10:58 PM EDT
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Posts: 1828
First: June 12, 2009 Last: May 15, 2013 |
In Response to social security at 62 as an investment?: I work full time at a credit union and will be 62 next month. One of our members came in last week and told me that I can start taking soc sec now, keep working my full time,and could keep all the checks I receive to invest as I choose up until the time I gross $14,000 for the year at my current job. Then, they said I'm aloud to send back the rest of my monthly checks for the year to soc sec ,they would deposit the money back in my money pool, and at age 66 I would start getting a larger amount for my full retirement age. Is this true? Has anyone out there ever heard of this?? Posted by broy5454 You need to go to the Social Security site and read up on this http://www.ssa.gov/. You should be able to find out what you can and can't do. Don't you receive the yearly information from SS about your benefits? |
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Re: social security at 62 as an investment?
posted at October 27, 2011 11:17 AM EDT
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Posts: 10
First: September 26, 2011 Last: January 13, 2012 |
broy5454 -- We have several resources on aarp.org that can help you. Our Social Security expert, Stan Hinden, wrote this article: What's the Best Age to Claim Benefits? You can find more Social Security info and answers on Stan's expert page. If you want to plug in the numbers and see how various scenarios play out--say, taking Social Security at 62 versus 66, then try our Social Security Benefits Calculator. Hope that helps! |
Forums » Money » Budget & Savings » social security at 62 as an investment?
