One more thing to consider: The WEP calculation is based on the year you turn 62, not when you actually claim benefits. So the substantial earnings threshold and maximum reduction amount that will apply to you will be based on the year you turn 62, even if you wait until 67 or 70 to start benefits. For planning purposes, you should request a WEP-adjusted benefit estimate directly from SSA. The online statements don't factor in WEP reductions.

As someone who's been researching this extensively after making a similar career change, I can share a few additional insights that might help. The WEP reduction is calculated on a sliding scale - with your 22 years of substantial earnings, you're already in a much better position than someone with fewer years. The key thing to remember is that WEP can never reduce your Social Security benefit to less than 50% of what it would be without WEP, so there's a floor to how much you can lose. Also, since you're only 48, you have time to potentially reach that magic 30-year mark that eliminates WEP entirely. Even part-time consulting work in your old marketing field during summers could count toward substantial earnings if you hit the annual threshold. The whole system is frustrating, but you're not as trapped as it might initially seem!

That's a wonderful perspective! We do want to travel more while we're still able to enjoy it. I think I need to balance the financial optimization with quality of life considerations. Thank you for that reminder!

I'd suggest creating a simple spreadsheet to model both scenarios over different time horizons. Include your severance timeline, projected unemployment benefits, 401k withdrawal needs, and tax implications for each approach. Don't forget that delaying SS by 6 months also means 6 more months of potential 401k growth if you don't need to withdraw as much. Also consider your risk tolerance - taking SS early provides guaranteed income security during an uncertain job market, while waiting optimizes long-term benefits. Given that you have a solid 401k balance and severance through September, you seem to have flexibility either way. The "right" choice depends on whether you prioritize security now vs. maximizing lifetime benefits. One more thought: have you looked into COBRA vs. Medicare timing? Sometimes COBRA can bridge the gap if you want to delay both SS and Medicare until your true FRA.

my cousins husband died too and she got a one time payment of like $255 did you get that?? not much but its something

I'm new to this community but wanted to share that I'm in a very similar situation - I'm 61 and still working primarily for health insurance for my special needs son. Reading through this thread has been incredibly helpful! I had no idea that survivor benefits don't grow after FRA - I thought all SS benefits worked the same way. The earnings limit calculations are really eye-opening too. Thank you everyone for sharing your experiences and knowledge. It's comforting to know there are others navigating these complex decisions while trying to do what's best for our families. The strategy outlined here makes so much sense - work until FRA for the insurance, then claim survivor benefits, then switch to your own at 70. I'm definitely going to check my numbers on ssa.gov now!

Anybody else feel like they need a law degree to understand all this overpayment and reinstatement stuff? 🤯 I swear, every time I think I've got it figured out, there's some new form or rule I didn't know about.

I'm going through something similar right now! One thing that helped me was calling early in the morning (like 8 AM sharp when they open) and having all my paperwork spread out in front of me before I called. Also, if you qualify for expedited reinstatement, make sure to emphasize any immediate financial hardship - they seem to prioritize those cases. The whole process is definitely confusing, but don't give up! Have you already submitted your initial request, or are you still trying to figure out where to start?

Hey OP, just a heads up - make sure you keep track of all your communications with SSA. I learned the hard way that they sometimes 'lose' records of conversations. CYA always!

Katherine, I went through the exact same thing last year! The key is being persistent but polite. When you call, ask specifically about Form SSA-632 (Request for Waiver of Overpayment Recovery) if you think you shouldn't have to pay it back, or Form SSA-634 (Request for Change in Overpayment Recovery Rate) if you need a payment plan. Having the form numbers ready shows you know what you're talking about. Also, if your first call doesn't go well, don't be afraid to call back and get a different representative - sometimes you just need to find the right person who actually wants to help. Document everything with dates and names, and follow up in writing. You've got this! 💪