Retirement Thread

[Mosbonian]

Originally Posted by BigRedChief

true and not. The true is full retirement age. A persons FRA age varies.

For most born after 1960 it’s 67 years and 10 months.

After you reach FRA, you can make as much as you want without a penalty.

Sorry....I didn't read all the way through.

My bad.

For me, my full retirement age was 66 years and 3 months. I worked up until March of this year and drew Social Security for the time that I reached FRA until this year. My advisor and I computed it and taking the amount early vs. waiting to draw was insignificant in comparison.

That may not be the case for everyone so make sure you work with your tax advisor.