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In this video, Sylvia Gordon of The Medicare Family explains reason why you should take Social Security at your Full Retirement Age (FRA) versus taking it when you’re first eligible (typically 62). This is Part 2 of our series on “When To Take Social Security”. Find Part 1 here:
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What did you think about the video? Let me know in the comments below!
Download my cheat sheet here https://themedicarefamily.com/cheat-sheet/
70 is best to ensure your wife can sleep a little better. Statistics show she will outlive the husband by many years.
62 and done . Check please
Yeah they raised the retirement age of 70 for some people but these f**** people in the government don't give a s*** they're not the ones doing a f**** real job instead of giving f**** off our f**** harder earn tax dollars two other f**** countries need to invest in our f**** own people these b**** American taxpayer suffers and a f**** political officials don't give a s***
I believe your wrong. If both you and your spouse are 62, the lower earner collects their own SS benefit at 62. When the higher earner waits until 67. Then the spouse who has been collecting since 62, can file for Spousal Benefits at 67 and their rate will increase. They will also be eligible for an increase if the higher earner spouse passes away.
Please correct me if I’m wrong on this.
when is the best time to take social security????
I thought on the SS website at 63 I would receive 2100 or so and 2748 at 66 and 10 month? I am working so can't take it now anyway but my wife wants max so when I'm gone she can be safer..? 600 difference a month could that number be wrong? I hear you saying 100.00 so why wait? thanks
Well the 2023 increase going to be a lot more than "nothing". Predictions range around 10% or more.
where is the calculator?
I am so glad I found your video. I'm concerned about all the $ money that we will be skipping if we wait to retire. I'm already 65 and calculated I've already lost $39k for skipping those 3 years and if I wait 5 years til 67 it will be $75 depending on when the actual checks start.
Seems to me the government has an incentive urging us to wait til age 70, they don't have to pay out for 8 years and many people won't live til 70. The other thing is most all info I get highlights the increased benefits we get by waiting til age 70 but they rarely discuss or figure in the thousands of dollars we miss for those 8 years not collecting anything.
The same is true with collecting at age 67. I did my own calculations and looks like I won't even break even until age 78 and who knows what my health will be like by then?
I just found out in the comments that average life expectancy for men is age 78 and not much better for women. Glad I found your channel. All this time I figured it was age 85 for men and 92-95 for women. So now I understand why 75% of seniors take their ss at age 62 and only 25% wait til age 70. I'm now thinking of waiting 2 more years and take it at age 67 instead of 70. I'd still like to take that cheat sheet first though but the link doesn't go anywhere.
62 is the best time. Stop being a gd slave.
Everyone situation is different, what if you can't stop working. Because if you do you'll end up homeless, don't you have to have a home address and a checking account! To draw your SS? Check. I don't understand How people can live on $1,200.00 monthly in today world everything has gotten so expensive. Unless they have other cash resources but most don't. I will do what's best for my situation and wait till FRA and I will still have to work till the day I die.
t is rarely a good idea to begin collecting SS before 70. Why the rush to be first in line at the Federal welfare trough??
You’re doing vwrsimlitying this. If you’re working at 62 it’s not a no brainer.
I haven't seen anyone on the internet that explains Medicare and Social Security so clear as Sylvia. Thanks for being there!
What are spousal benefits? Can I take advantage of them without him losing any?
Thank you for your time and valuable information
Cheat sheet doesn't download
This may seem like a silly question, but can you draw SS benefits from your ex-spouse, if you’re re-married, and 62 ? I didn’t think you could once you re-marry, but I get a different answer from everyone I ask. Thanks.
Work under the table and don't believe propaganda b***** like this
I don't think you should wait too long because the government's rapidly going through it they weren't supposed to touch your Social Security in the first place and the son-of-a-b** is did and believe me the government keeps raising the age of retirement because of this it was supposed to be our money from day one like a savings account
I’m remarried can I claim on my ex’s social security? I was married to him for 27 years
What about is you’ve had to go on disability and you are now 62?
My neighbor waited till 65 to start to collect. Signed up in Dec 2021. Was told wouldn't get til Match… He died in Feb before he even collected his first check! Sad
Hi! Great information. I have a question. Can my ex-husband, who has remarried, draw on my Social Security benefits? I do not see that anywhere in our divorce decree.
I will be 62 this year. I am planning on possibly retiring sometime next year.