No. of Recommendations: 2
What if a person “retires” at 62 and then finds another job, and earns
say, $30,000 a year.

How does this affect your scenario?

It throws a big monkey wrench into it.

Between age 62 and your full retirement age (which is something between 65 and 67 depending on your birthdate) if you have earned income, you can lose some or all of your social security benefits. So you would not be entitled to collect the full benefit.

There is a floor amount - currently about $13k - that you can earn without affecting your SS benefits. Note that this is EARNED income - wages and self employment - not interest, dividends, pensions, and other types of unearned income. Get over that floor and you have a lower SS benefit for that period. If you have collected a benefit, you may need to repay it.

So if you keep working, the early retirement and later withdrawal of application strategy doesn't work as well. The benefits you collect will be much smaller due to the earnings limitation. So there are fewer dollars in your savings account earning interest.

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