In this chapter, we will discuss the different types of compensation, provide. an understanding of the safe harbor rules, calculate and evaluate the. compensation test (Demo 9), look at compensation limitations, and explain. which definition of compensation is needed for the worksheet questions.
To draw full retirement benefits, the following Social Security Administration age rules apply: Born in 1937 or earlier-Full retirement can be drawn at age 65. Born in 1938 - Full retirement can be drawn at age 65 years and 2 months.Born in 1939 -- Full retirement can be drawn at age 65 years and 4 months.ou can retire as early as age 62, but if you retire before your full retirement age, your benefits will be permanently reduced, based on your age. For example, if you retire at age 62, your benefit would be about 25 percent lower than what it would be if you waited until you reach full retirement age.
Best Answer: It depends how early you are talking. You can't get SSI for an early retirement (under 62 minimum) and every birthyear has a full retirement age. So yes you can start taking your social security at 62 but it makes better sense to wait until that full retirement age and even past it.You are allowed to still earn a certain amount of money from work but not much or they take $2 for every $1 that you earn ... not a good plan.ou can't get SSI for an early retirement (under 62 minimum) and every birthyear has a full retirement age. So yes you can start taking your social security at 62 but it makes better sense to wait until that full retirement age and even past it.