Thanks a lot. My google searches didn't come up with this.

In the first year, there's a special rule that basically waives the earnings limit so you get your full benefit in the months you are ertired, even if you exceeded the annual limit (calendar year) in the months before you retired/started taking benefits. http://www.ssa.gov/retire2/rule.htm

Does anybody know, if I retire in April and start drawing a pension, is my income from January to April included in the calculation for social security tax penalty? Is that figured on a calendar year basis? Trying to figure out best retirement date.