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Retirement Benefits

Could My Benefit Rate Rise By More Than 8% Per Year From Age 66 To 70 If I Have Additional Earnings?

I took my SS at 66 on my husband's account. He is 77 and has been collecting since he was 64 due to health reasons. I believe they awarded me half of what would have been his full retirement since I filed at full retirement age. I will be switching at 70 to my own. These last four years of work have been my highest ever - three, sometime 5 times what I ever made in any year. I know my amount will rise 8% each year; but could it rise more due to my earnings?


Sunday, February 4, 2018 - 15:06

Am I Correct That I Should Wait Until Age 70 To Start Drawing Benefits If I Want To Receive The Highest Possible Rate?

I’m 60, my wife is 48. She earns much more than me. She plans on working for at least another 10 years. Me, not sure. I assume that I should wait until age 70 to begin receiving my full ss benefits. My goal is to collect the highest benefits possible, naturally. Am I correct?

BTW—LOVE the software!!! Thanks for the valuable service that your team provides! Peace of mind!!


Friday, January 26, 2018 - 08:55

Is There Anything I Can Do To Increase My Benefit Amount At Age 62?

I turned 62 in the last part of Jan. and I have a good amount of money saved. Planned on taking Social Security as soon as I can so I don't have to used the money I have in my IRA. I collect a pension and my wife also collects a monthly check. The early check for Social Security check would be around $1900 a month.
Is there anything I can do to increase the amount at age 62.
Thanks in advance.


Tuesday, January 23, 2018 - 09:47

What Is The Best Methodology To Use To Estimate Social Security Benefit Rates?

My spouse and I are planning to retire from full-time work when we are 60. I am one year older than him. We are planning to claim Social Security at age 70. The SSN website includes a statement with the projected monthly earnings that it is based on someone working until they claim SSN benefits (for us that would be at age 70). What is the best methodology to estimate the monthly SSN payment at age 70 if you stop working full-time at age 60? Thank you in advance for your help with this question.


Monday, January 1, 2018 - 10:32

How Much Will My Current Earnings Affect My Future Benefit Rate?

I'm 61. Wife is 56. I sold my business last year and am gigging $12K +/-. My wife is a gov worker pulling $87K. MySocialSecurity says I've qualified for $1,580/mon at 66yr/4mon, having worked 38 of 42 years. MySS says she is qualified for $2,085/mon. at 67 years having worked 33 of 38 years. Four questions:
1. If I gig $12K for three years (bumping earning years of $650, $1,800 and $2,000 from my 35 year history), will that significantly change my monthly SS?

Monday, December 18, 2017 - 14:27

Is There A Benefit For Me To Wait To Claim Benefits If I'm Not Working?

My job was recently eliminated and I am considering just retiring. Is there still a benefit for me to wait and claim my SS at FRA (66 and 2 months) since I am not working if financially I am able to do so? My age is 62 and 2 months.
Thank you in advance.


Yes. If you start drawing your Social Security retirement benefits at age 62 & 2 months, your benefit rate will be 25% lower than if you waited until full retirement age (FRA) to file. This is true even if you stop working at age 62.

Friday, December 15, 2017 - 06:40
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