Can I Still Use The Start-Stop-Start Strategy?

Nov 16 2016 - 9:15am

I am single, will be 66 in January 2017 and was born in 1951. Could I file for Social security benefits at my FRA benefit level, draw them for about a year and then stop/suspend them from age 67 to 70 and let them grow with delayed retirement credits? I would keep working 66 to 70 and the money from the year of benefits would allow me to pay off about $12,000 in credit card debt, some of which is at 6.7%/year and some at about 7.7% per year. After the debt was paid off, I'd want to stop the social security benefit and let it grow, and I'd have about $400 a month more for living that I'd been using for debt service .
Is that start stop start scenario allowable?


Yes, you can do that.

Best, Jerry