I am turning 65 this year. My husband is 81 and has a small soc.sec. income; about equal to mine.
He also worked for the city school system and gets a pension from there, and both of our medical
and dental and now medicare benefits are paid via his ss account.
The city's Health service is after me to decide by May 30th about taking s.s. and at what age.
I need to do this, or else I will be dropped they say from the city's portion of coverage of our
health coverage/ and/or medicare.
I was intending to take the ss money at age 66 (around $1,300) to invest it; and start taking the medicare
benefit when i turn 65.
The other financial expert wrong if I intend to invest the money?
Any other pitfalls I should be aware of?
Thank you very much.

we do not need the money to live on. I heard another person say that if you don't need the ss income,
you'd be better off investing that money than waiting until 70 to get a higher amount.

Hi,

If you wait until age 70 to start drawing your Social Security retirement benefits your monthly benefit rate would be 32% higher than if you start drawing at age 66. You're free to go ahead and start your benefits sooner if you think that you'd be better off taking the money and investing it, but you may be making a mistake. Here is an article that Larry wrote sharing his thoughts on this subject: https://www.forbes.com/sites/kotlikoff/2018/11/25/it-might-be-worse-to-t....

To help you determine your best strategy for claiming your benefits you should strongly consider using our software to explore and compare your options.

Best, Jerry