Quote:
Originally Posted by Muley Gil
.......... However, if you wait until you turn 66, you can draw full benefits and make whatever you wish.
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It is true that after you reach full retirement age, your SS benefits won't be reduced for having income over some specified amount, but if you do, you end up paying income tax on your SS benefits.
IIRC You can earn $32K less 1/2 of your SS benefits before the IRS starts reaching into your wallet.
Also, at 69 (or 70 - I don't remember which) you have to start withdrawing (mandatory) from your 401K according to a schedule provided by your friendly government.