Comments on: When Should I Collect Social Security? http://www.myretirementblog.com/when-should-i-collect-social-security.html Retire happy, healthy and wise. Thu, 28 Aug 2008 00:29:39 +0000 http://wordpress.org/?v=2.6.1 By: John M http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-61613 John M Sun, 10 Feb 2008 05:17:01 +0000 http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-61613 if one has a medical condition that he or she cannot any longer perform their career job duties what are their options approx age 54 if one has a medical condition that he or she cannot any longer perform their career job duties what are their options approx age 54

]]> By: Mike http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-58 Mike Sat, 04 Nov 2006 03:45:38 +0000 http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-58 Gerri got it wrong, and you got it "wronger". Your error: you aren't required to take Social Security at your Normal Retirement Age (which may be 67 for younger people but is 66 or less for people currently approaching retirement) but may you may delay taking Social Security until the age of 70. Gerri's error: your montly payment doesn't stop increasing for delaying retirement at your Normal Retirement Age (NRA), but continues to increase as you delay retirement up to the age of 70. And there are other considerations. As Bill mentioned, wage income received before attaining your NRA can reduce your benefit. Also, a married couple has other considerations. Recommend researching the issue thoroughly at www.ssa.gov before deciding. Gerri got it wrong, and you got it “wronger”.

Your error: you aren’t required to take Social Security at your Normal Retirement Age (which may be 67 for younger people but is 66 or less for people currently approaching retirement) but may you may delay taking Social Security until the age of 70.

Gerri’s error: your montly payment doesn’t stop increasing for delaying retirement at your Normal Retirement Age (NRA), but continues to increase as you delay retirement up to the age of 70.

And there are other considerations. As Bill mentioned, wage income received before attaining your NRA can reduce your benefit. Also, a married couple has other considerations.

Recommend researching the issue thoroughly at http://www.ssa.gov before deciding.

]]> By: Carnival of Personal Finance #71 - Fat Pitch Financials http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-55 Carnival of Personal Finance #71 - Fat Pitch Financials Mon, 23 Oct 2006 19:32:50 +0000 http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-55 [...] When Should I Collect Social Security? at My Retirement Blog A good question to ask when your planning your retirement. (What’s up with the colors on this site?) [...] [...] When Should I Collect Social Security? at My Retirement Blog A good question to ask when your planning your retirement. (What’s up with the colors on this site?) [...]

]]> By: Bill http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-52 Bill Fri, 20 Oct 2006 17:05:08 +0000 http://www.myretirementblog.com/when-should-i-collect-social-security.html#comment-52 Working with social security will reduce your benefit if: 1) you are under full retirement age, and 2) your earnings from working exceeds tha annual limit set by Social Security. For 2006, that limit is $12,480. The month you reach full retirement you get your full social security benefits with no limits on earnings. Source: http://www.ssa.gov/retire2/whileworking.htm Working with social security will reduce your benefit if:
1) you are under full retirement age, and
2) your earnings from working exceeds tha annual limit set by Social Security. For 2006, that limit is $12,480.

The month you reach full retirement you get your full social security benefits with no limits on earnings.

Source: http://www.ssa.gov/retire2/whileworking.htm

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