I will be 66 4 month in April 2023. Will I loose money for working those 4 months before I start collecting?

Hi. Just to be clear, there is no limit on how much you can earn starting with the month you reach full retirement age (FRA). So, if you reach FRA in April 2023 and if you start drawing your benefits effective with that month, then you won't lose any of your benefits no matter how much you earn before or after that month.

The only way that you'd need to be concerned about the amount you earn prior to FRA is if you want to start drawing your benefits before FRA. Benefits payable for months prior to FRA can be subject to withholding if you earn more than the earnings test exempt amount. The earnings test exempt amount for people reaching FRA in 2022 is $51,960, but only earnings in months prior to the month in which a person reaches FRA count toward that limit. The 2022 exempt amount for people who are under FRA throughout 2022 is $19,560.

The earnings test exempt amounts for 2023 won't be announced until the latter part of 2022, but those limits won't matter in your case unless you want to start drawing your benefits prior to the month you reach FRA. You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze all of your various options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry