Hello Larry, I’ll be 66 and 4 months August of 2022 and although I’m currently working and plan to work a couple more years I want to start receiving SS benefits then. I understand at FRA there’s no penalty on benefits however I understand there are taxes on the benefits if I make “too much money”. My benefits put me at 32400 not counting my regular paycheck.any information is greatly appreciated.
Tom

Hi Tom. I'm not a tax expert, but basically if your yearly adjusted gross income plus 50% of any Social Security benefits you receive adds up to more than $44,000, then you'll likely have to pay federal income taxes on 85% of the amount of Social Security benefits you received. For more details, refer to Social Security's website: https://www.ssa.gov/benefits/retirement/planner/taxes.html.

It sounds like you should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze the options available to you in order to determine your best strategy for maximizing your benefits.

Best, Jerry