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Planning for Retirement at 60
(Posted August 3, 2004)
Question 496: I will be 60 years old and eligible for full Railroad Retirement benefits on August 22, 2004. Can I work during August if I am in the process of applying for retirement?
Answer: Yes, you can work until August 20 and still not lose any benefits. Your 60/30 annuity can begin as early as August 21, the day before your birthday. That's really the date Railroad Retirement considers you to be age 60.
You can file now and get the paperwork going. Then you can sign a short form when you stop working. The local Railroad Retirement Board office can help guide you through the process.
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