Social Security Matters
Dear Rusty: I am 63 ½ and working full time with a salary of $125,000/year. Given the early collection rules I believe it would not make any sense to start collecting Social Security now but tell me if I am wrong. Also, when I reach full retirement age (born in 1955) I plan/hope to still be working full time. At that point I plan to start collecting Social Security because there is no earnings cap (correct?) and put that benefit money into investments. Would that be the best plan or are there other options? Signed: Planning Ahead
Dear Planning: Your plan is a reasonable one and your assumptions are correct.
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