If you are no longer contributing to your social security account,
there is no reason to wait beyond the earliest retirement age,
because your benefit will never increase if you are no longer working.
No, but the percentage of your full benefit will.
Good Points.
Plus they can change the rules at any time.
Plus Trump won’t always be President and the Rats can’t wait to give away SS to people who haven’t worked for it.
Love your Signature. So few people understand why that is so important.
Not true. It increases every time there’s an increase for everyone.
Plus you may start working again, part time or whatever. You never know.
Source please? I’m sooooooo there!
It depends on a lot of factors.
I am retired but have chosen to wait until 70 to collect.
The reason:
—I can live reasonably well without the SS benefit for now
—It will maximize my wife’s benefit
—Both my parents are still alive (at 90+) and my family has long-life genes. The “breakeven” number for waiting to retire at 70 is 85.
I could get run over by a truck tomorrow so my plan could be a total failure, but statistics say I am making the right call for my situation.
This is incorrect, your benefit will increase if you wait.