Hi Dr.Kotlikoff,
I have already determined that now at Age 67 (birthday is 9/17/50) is the appropriate maximization time for me to file as a divorcee even though I don’t need the income.
But wondering if I start taking instead my 401k/IRA funds in the same amt. as S.S. yrly. (since my real return on those is less than 2%) is it likely future S.S. reforms will reduce my planned higher payout at Age 70 ....as my taxable annual income is over $100k ?
Also wondering if one has already filed vs. still delaying credits would any future reforms more likely not affect them ?
Thanks for your best estimate and forecast on these tough questions.
Paul

Hi Paul,

In my opinion, it's unlikely that potential future legislative changes to Social Security should affect your decision making. Most likely you would be grandfathered in any new legislation whether or not you have already filed for your benefits.

You mention that you have determined that age 67 is your maximization time, but I'm not sure what you mean by that. Divorced spousal benefits do not get higher if you wait past full retirement age to start drawing them. If it's a possible option for you, it may be best to start drawing just divorced spousal benefits ASAP and then switch to your own record at age 70. You may want to strongly consider using the software available on this website in order to explore your options and determine your best strategy.

Best, Jerry