Medicare: At 65 you are eligible, but not required to start if you have insurance from your work or spouse's work, 20 or more employees in company. There is IRMAA consideration if you start it and your 2024 income was over $106K single or $212K married. This is a 2 year look back. The amount will change each year. It is not just one level, that is the first level. When you do stop working, you will need to get medicare if you do not get insurance from spouse. 2027 will have similar but likely higher thresholds. Soc Sec Retirement: Under FRA (67 for you) the limit is $24,480/year. Every 2 dollars over that limit you will loose 1 dollar. Without doing any calculating, I suspect you would loose all your soc sec income while earning this large amount. If you start Soc Sec benefit the month you stop working, this issue goes way. That limit also changes each year. There is a higher limit the year you turn 67, something like $65K Your actual question: At FRA, there is a recalculation that credits you for months you did not get Soc Sec. I think the acronym is ARF Adjustment to the Reduction Factor.