5. You’re a Part-Time Employee
If you’re under full retirement age and you’re still working part-time, but you’re considering claiming Social Security early, then you should know that your benefits may be reduced if you earn more than the annual limit. For 2022, if you haven’t reached full retirement age, your benefits decrease by $1 for every $2 your work income exceeds $19,560.
If you turn full retirement age in 2022, the Social Security Administration withholds $1 in benefits for every $3 you earn above $51,960 until you reach full retirement age. If you’re working part-time in order to make ends meet, claiming Social Security early proves to be a reasonable decision. This option might also help you find better insurance plans in the long run!
Can spouses who receive CSRS pension collect anything from their husbands/wife receive anything from social security after their death.