If you are 62 and wondering how much you can earn while on Social Security, claiming early can lead to permanent reductions in benefits, with a 30% reduction if you were born after 1960. There are also limits on how much you can earn before Full Retirement Age, with deductions for going over the annual limit.

The Social Security Administration recalculates benefits at Full Retirement Age to include deductions, resulting in lower monthly payments and reduced future benefits. Waiting to claim can accrue more benefits, so delaying claiming can be beneficial if possible. Use Social Security calculators to determine the best option for maximizing benefits in retirement.

Read more at Yahoo Finance: I want to keep my job and claim Social Security as soon as possible. How much will I get?