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How much money can you make at 62 and still draw Social Security in 2022?

The SSA deducts $1 for every $2 you earn over the $19,560 limit so that you would get $2,180 of your Social Security benefits kept back.

gobankingrates.com - Can I Draw Social Security at 62 and Still Work Full Time?

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Can I Draw Social Security at 62 and Still Work Full Time?

All financial plans are important, but Social Security benefits play a profound role in preventing elderly poverty and are paid out at an important stage in a worker’s life. With that in mind, it pays to know when you can start receiving your monthly payments and how continuing to work while collecting Social Security will impact your benefits.

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As the Social Security Administration (SSA) points out, it is perfectly fine to work full time and collect Social Security when you turn the eligible-to-collect age of 62. Whether you should, in normal circumstances, is another issue entirely. With a few exceptions, almost every financial guru will tell you to wait as long as you can to start collecting your Social Security payments. If you choose to draw on your Social Security before you reach your full retirement age (66 or 67 years old, depending on if you were born before or after 1960) and if you earn more than the designated SSA income limits, your benefits will be reduced. The SSA deducts $1 for every $2 you earn over the $19,560 limit so that you would get $2,180 of your Social Security benefits kept back.

Retire Comfortably

Using the SSA’s example in its “How Work Affects Your Benefits” publication, if your monthly Social Security payment at 62 years is $600 ($7,200/year) and you intend to make $23,920 for the year, you will get payments withheld for the $4,360 you earn over the $19,560 limit. However, you will get the money back once you reach full retirement age. At that point, your benefit can be recalculated and your monthly benefit will increase based on the additional earnings. You can keep track of your benefits by using the SSA’s online platform, mySocialSecurity.

At what age can I collect 1 2 of my husband's Social Security?

age 62 / (You must be at least age 62 to begin receiving benefits.) A spousal benefit is reduced 25/36 of one percent for each month before normal retirement age, up to 36 months. If the number of months exceeds 36, then the benefit is further reduced 5/12 of one percent per month.

ssa.gov - Benefits for Spouses - SSA

When a worker files for retirement benefits, the worker's spouse may be eligible for a benefit based on the worker's earnings. Another requirement is that the spouse must be at least age 62 or have a qualifying child in her/his care. By a qualifying child, we mean a child who is under age 16 or who receives Social Security disability benefits. The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. If the spouse begins receiving benefits before "normal (or full) retirement age," the spouse will receive a reduced benefit. However, if a spouse is caring for a qualifying child, the spousal benefit is not reduced. If a spouse is eligible for a retirement benefit based on his or her own earnings, and if that benefit is higher than the spousal benefit, then we pay the retirement benefit. Otherwise we pay the spousal benefit.