Posted on 09/01/2014 7:52:57 AM PDT by shove_it
Summary
When should I start Social Security? How will I receive the highest annual income? How will I receive the highest cumulative income? When will I be able to retire?
Every year, more than 2 million people turn 62. Many of those people will wonder, "When should I start receiving Social Security benefits?"
The earliest age of eligibility is 62. The benefit increases each year you delay starting, until age 70, after which point there is no additional increase.
When should I start - age 62 or age 70?
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(Excerpt) Read more at seekingalpha.com ...
bttt-—and thanks for sharing your thoughts
kg/nancy
Like you, I sold my business and retired 13 years ago at age 62, mainly because of my wife’s total disability requiring my help at home. By having more time to focus on managing my investments, I make far more $ in “retirement” than I did working my hiney off running a business.
Interesting discussion over here. I’m a bird in the hand type myself.
Don’t post this crap, please. I suspect that whomsoever posted this originally was commercially involved in the site
95% of all financial advisers recommend DELAYING taking SS till you reach 70. Why? Every year you wait, you get 8% return on your money. That’s a great return with almost zero risk.
nope - not just your opinion.
Make that yours and mine.
I chose to start SS at aged 62. One of my reasons was that it would be more difficult for the government to take away my social security benefit than to think up new reasons why I shouldn’t be eligible to get benefits. Downside is that there are limitations on your income if you continue to work. Thanks to Bill Clinton your social security benefit is taxable. I am glad to get social security as I think soon many baby boomers will be denied benefits because the program is going bankrupt or means testing will be implemented.
There may be no “later”
Very true. My husband retired at age 62, after working and paying into SS since age 16. He died two years later. I am SO glad he had those two years.
Some readers are saying that registration is required to read the article. I found it depends on the browser and ad blockers and script blockers you are using or not using.
I use a Mozilla type browser with ad blocker and “no script” thus, no registration required.
The taxability of SocSec was changed in 83. BJ just upped the taxable percentage in 93.
Can you get “page 2” ?
I can get page 1 but not page 2, it goes to the login screen when I click page 2.
Thanks.
My husband and I started at 62. Why wait until 66 or 70? You may not even be alive by then. Even if you are, you may be too old or sickly to enjoy retirement. I want to enjoy my later years while I still have enough energy and health to do most all the things my husband and I want to do.
Can you people stop bitching about registration and speak to the subject of the article?
Get to the gist of it.
Guerrilla Mail - Disposable Temporary E-Mail Address
https://www.guerrillamail.com/
This work great for things like this.
bookmark
Exactly!
Later
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