"As a business owner, can I collect Social Security at age 62?"

November 10, 2006
Before you decide to take early retirement at age 62, please do research on the rules. As an owner of my own business just like yourself, the Social Security Administration will look at us very differently compared to our employees who want to retire.
In my opinion:
..1) You should NOT be an officer some 6 months prior to retiring.
..2) The new officers should NOT be related to yourself.
..3) If you want to work part-time after retiring, it should be a lot less than 45 hours per MONTH
..4) You should NOT collect any rent or dividends from the company nor your spouse.
..5) Do not receive any additional retained earnings while retired.
..6) And according to my congressman's assistant, your cell phone and home phone should either have NO voice mail or at least make NO reference to your business.
These are tough rules if you want to retire early. We just got back from our recent Caribbean cruise. See photo above. Henry (CEO)