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Whether or not taking Social Security at 62 is worthwhile depends upon how much you are going to earn outside Social Security. If you start taking it now and earn any more than $840 in any month after you start, then you lose
your SS payment for that month. Next year you can earn more but you
will start loosing your SS benefits if you earn more than that year's limit - which will be a bit over $10000 a year.


As I understand this, it means that in my situation, I'd be better off to wait. I'm retired (not 62 yet, but getting there), however my husband makes a very good salary - too high for SS. Am I right in assuming that if I take SS it will be taxed at out current rate of 30+%? And am I right in assuming that, therefore, I ought to wait as long as possible? We don't need the money now, I was thinking of investing it all.

Thanks,

Nancy
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