No. of Recommendations: 2
<<<Assuming that you're not still working and subject to the $14,160 annual earnings limitation on benefits, why wouldn't you take you're Social Security check on the day you're eligible?>>>


From the link supplied* the benefit increases for me: 5% from age 62 to 63: then 6 2/3% every year from age 63 to age 66; then 8% a year until until age 70%.


I understand that, but you don't have to delay taking your SS benefit to take advantage of it. You can have your cake and eat it, too by using the Withdrawal of Application strategy.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.