Thanks roger. The AARP wording is clear, but the Social Security website states essentially the same thing.
If you will reach1 full retirement age in 2007, the limit on your earnings for the months before full retirement age is $34,440.
(If you were born in 1942, your full retirement age is 65 years and 10 months.)
Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.
You can work and get Social Security at the same time.
For me it is a done deal, and I did end up getting payments for the months in question, Jan, Feb, and Mar.
Here is what happened. I had previously had an interview with the local SSA office to enroll in Medicare and at that time I had a very knowledgeable representative recommend that I start my retirement payments in January. Since during that Interview I had all of my questions answered and all of the necessary documents were shown to them, I decided to just use the online enrollment.
Bad decision. There was a question... How much do you expect to earn in 2007?
So I answered with a full years pay, a number that exceeded the annual earnings limit of $34440. I fully expected them to realize that since I reached full retirement age in April that only 1/4 of that pay would be earned before April. Nope. They sent me a letter stating that since I would be exceeding the annual limit, I would not receive any payments until April.
That began a long and frustrating exercise of getting wrong answers and non answers. A couple of them told me that even if I didn't exceed the annual limit, the monthly limit would apply and I exceeded that.
The situation was finally resolved buy the person in the local office that gave me my Medicare enrollment interview. That person was very sharp and helpful.