HI, my birthdate- 9-1-56 $750 benefit now , FRA is $1,000 My health is perfect, no house payment and no bills. Should I take the money now rather than wait till 66/4months ?
In my opinion, if you don't need the money now you should probably wait until age 70 to start drawing. If your full retirement age rate (PIA) is $1000, your retirement benefit rate at age 70 if you wait until then to start drawing would be roughly $1293. That said, when to start drawing your benefits is entirely a personal decision which you'll need to decide for yourself. You may want to consider using our maximization software to compare your options so that you can make an educated decision.