Originally Posted by
gkamer
Correct. If you apply for benefits between age 62 and your full retirement age, your benefits will be reduced. I'm not sure by how much. Once you reach your full retirement age, you will receive what ever amount your benefit should be. You may also continue to work, and whatever you are making in your job will not effect your benefit payments.
So for example, if you apply at full retirement age, and your benefit is say $1,564.00 a month, and you're still working at a job making $4,650 a month, your SS benefit will remain at $1,564 dollar a month on top of the $4,650.