I am turning 65 in August, but have been on SS Disability for three years. I taught High School for 39 years. Do I have to take my retirement and regular SS at 65 ? Which would be more lucrative for me?
Your disability benefit automatically converts to a regular retirement benefit at your full retirement age of 66. It will be exactly the same amount as your disability benefit.
I was just trying to see if I could get any more on my SS check. Right now I am receiving about $1589.00 per month. I am 73 and will be 74 12/31/2016. Thanks, Bryan
Our best strategy is for both of us to wait until 70 to collect approx. $5,300 combined, which we hope to do. My question is, do you recommend our drawing down our IRA accounts ($200K) from 62-70 yrs. to meet our expenses? We expect our annual income to be approx. $60,000 at least until age 65. We are 60 yrs old now and still have a mortgage of $400K which we hope to reduce to $300K by age 70.