When Should I File For Benefits In Order To Maximize The Amount Paid?

Jan 26 2017 - 8:00am

I am a an American citizen married to a Canadian man. I worked and live in the U.S. until the age of 32 when I moved to Canada. I have retained U.S. citizenship and have filed annual income tax returns in the U.S. (as well as Canada). I am age 57 and fully retired. My husband is also retired. We have one daughter (age 20) who is currently attending university in Canada. We have sufficient savings to live comfortably for the foreseeable future. When (at what age) should I consider applying to receive Social Security from the U.S. and how can I maximize the amount paid?

Hi,

Your US Social Security retirement benefit rate will reach it's highest point when you turn age 70. The best overall strategy depends on numerous factors, though, so you may want to consider using the maximization software available on this website in order to determine the best filing strategy.

Best, Jerry