Can You Collect Social Security at 62 and Still Work?

Many people wonder if they can collect Social Security at age 62 while still working. The short answer is yes. However, just because you can doesn’t necessarily mean you should. If you claim Social Security at age 62 while still working, you will be penalized, first for claiming it at 62, and second for any earnings you make over $21,240. For every $2 you earn above that amount, there’s a $1 reduction in your benefit amount. With that in mind, we recommend waiting until you reach the full retirement age of 67 to claim social security. Some people can postpone it even longer until age 70, and that’s even better because it allows you to receive the full eight 8% benefit every year after that.

Have more questions? Contact Us

Michaela Laney,
Financial Planning Associate, Wiser Wealth Management

Click here to schedule a consultation with one of our financial planners.

Listen to Our Podcast:


Recent posts

  • Real Estate Syndication Investment Cautions: Insights from a Fee-Only Financial Planner

Share This Story, Choose Your Platform!

Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.

Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.

To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.

Sign up for our newsletter!

Our latest blogs, podcasts, and educational videos delivered to your inbox weekly.