The 2018 Social Security early retirement earnings limit (under full retirement age) is $17040. Social Security will take $1 for every $2 over the limit.
The 2018 Social Security early retirement earnings limit (year of full retirement age) is $45360. Social Security will take $1 for every $3 over the limit. This earnings limit only applies though to income earned from Jan 1 to the day before you reach full retirement age. There is no limit on the earnings starting on the day you reach full retirement age.
You will probably still come out ahead by starting Social Security Retirement in the year you reach full retirement age.
Contact Social Security early in the year you reach will reach full retirement age.
I am an Enrolled Agent. I had to research this issue for one of my clients this year. He makes around $100,000 but his birthday is in September.
So if the 65th birthday was in October it would be wise to wait to apply in January of the following year? will that change the benefit?