Ask Larry

Suspending Retirement Benefits

Should My Husband Wait Until After His 70th Birthday To Unsuspend His Benefits?

Thanks to you and your great book, my husband filed for his full retirement benefits and suspended his benefits on 11/16/2015, a day after his 66 birthday, hoping to leave them there until he's 70. We've heard if you tell SS that you want to unsuspend even a month before you turn 70 that SS will automatically give you a lump sum check for 6 months or more, and reduce your benefits as if you had filed 6 months earlier. Should you wait until after your actual 70th birthday to unsuspend so you get the full 4 years of benefits.

Sunday, March 11, 2018 - 16:52

Is Suspending Her Benefits A Good Choice For My Friend?

Hello, I am asking this for my friend Diana who will be 66 in August 2018. She currently receives social security and did so at age 62. She had a tragic fall and actually cut her arm badly and it had to be reattached. She was a hairdresser...and could not work any more. She finally got back on her feet and is working although not paid a high wage. She stays below the $16000 threshold. She would like to perhaps "suspend" her social security payments when she turns 66 until age 70, as her monthly amount is so reduced. Do you feel this is a good choice for her?

Tuesday, February 27, 2018 - 07:09

Is There A Chance That I Won't Get My Benefit Increase If I'm Getting Divorced?

Hello Larry,
I started taking my SSI benefit when I turned 66 while I was still working full time. The taxes are killing me. I want to suspend my SSI benefit and resume it later at a higher rate.
I am currently going thru a divorce. Divorce papers have been filed but not served.
Am I in danger of not having my benefit increase because of the divorce? Wife currently has a survivor payment if something happens to me. I don't think she will get any more of my SSI benefit in the divorce. She has a good pension and I don't.

Saturday, February 24, 2018 - 10:23

How Many Times Can You Suspend Your Social Security Retirement Benefits?

Hi, How many times can you suspend your Social Security retirement benefits? For example, I would like to start taking Soc Sec retirement benefits at age 66 (full age), then try to see if I can get a job, and then suspend benefits until age 70. However, if I have to stop working, could I then start benefits again before age 70, start receiving the benefits, and then if I get another job suspend the benefits again. Can I do this, or can I only suspend Soc Sec retirement benefits once? How many times can I do this before age 70, if need be? Thank you


Thursday, February 8, 2018 - 10:47

Can I Draw Retirement Benefits For A Few Months And Then Suspend Them?

I will be getting SSDI starting in March, at age 65, with backpay for 3 years. I will turn 66 end of June, and the SSDI will convert to SS retirement benefits automatically. Question: Can I agree to receive the converted Social Security retirement benefits for a few months, and then suspend the benefits for a while, possibly up to age 70? Am I right that if Ii suspend, I won't have to pay back any retirement benefits I have received?

Thursday, January 25, 2018 - 07:25

Can I Suspend My Benefits At Age 66 If I Started Drawing At Age 62?

I took my social security at 62. I am now 66. I am reading your book. I have been told by 3 people at social security I cannot suspend my social security payment because I took it at 62. My wife is 63 and has not filed for anything yet. If she does not claim her benefit we have to take the money from our retirement IRA where we lose the investment and have to pay taxes. Is there anything I can do to improve my benefits? Should my wife take her benefits?


Saturday, December 9, 2017 - 07:24
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.