Would you be happy with just 70% of the retirement benefits that you worked your whole life to build up? Some people are, but others are unaware that their timing on filing for benefits could cost them thousands. In this video, we’ll discuss how your decision on when to apply for Social Security retirement benefits can impact the amount of your monthly benefit
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Delay if you like your work. Don’t delay if you like your freedom.
I am retired and living in Thailand. I am 64 and plan on applying for my SS benefits at 66+8. My question is twofold. My wife is a Thai national, she is 57, can she as a non-US citizen collect my benefits after I pass? How long must we have to have been married before she is eligible?
Thanks
If one qualifies and receives Medicare Advantage (paying "out of pocket" premiums) but is not "drawing out" from Social Security, do any special "working rules" apply?
Social Security at 70. Begin IRA and 401-K RMD's at 72. Be smart!!!
If you assume a 6% return, it does not pay to delay after full retirement age
At the end of the day…Its a crap shoot no matter how you look at it.
I have watched many videos about the "right" age to begin collecting Social Security. When I look at my SS statement it seems so obvious that the best age is 70. I'm 66, my benefit today would be $3,313. If I wait until I'm 70 it will be $4,342. Am I missing something?
what about my 401(k) and Roth IRA account? Do I have to pay income tax on Social Security if I have my 401(k) and Roth IRA account if I chose to retire before 67?
Why don't you mention that we would lose out on all that money we would've been collecting for 10 years had we took our ss at age 62? I calculated mine at $107k that I won't get if I take my ss at age 62 and wait until age 70. I will have missed out on $107k that I could've been collecting for 10 years before age 70.
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??
Yes, you will earn 8% per year if you delay retirement at age 70 .
When does the 8% per year earnings begin ?
If you start receiving Medicare B and decide to go back to work full or part time and the company you work for has medical benefits; do you refuse the medical benefits from the company or can you postpone Medicare B. What is the way to handle this type of situation.
Does receiving any other retirement benefits like retired Navy & receive VA disability Decrease your ssb, should you choose to apply for early ssb at age 61&4 months prior to turning 62 & your full ssb is at age 67? If so by how much? And Then factor in an award agreement for workers' compensation
Why would anyone wait till age 70 when they can't do anything for fun without breaking a bone and then dying? Plus 10yrs ago it said I get 600 bucks at age 62. 10yrs later after busting my ass at work, and today it says I still only get 600 a month. Why is this and why bother working anymore if social security never ever goes up for me
Retiring too young can cause many problems later. 62 is certainly too young. Most of us should wait until 70 to begin collecting a Federal welfare check.
Thank you for your informative video
I have a question regarding earned income.
When does SSA begin determining earned income?
I'm planning on filling for benefits on March of 2023 prior to my FRA.
Does SSA earned income start January 1st of that year or begin after my first check in March?
Thank you
American seniors are so greedy. Why all the talk about undeserved Federal welfare benefits? This discussion should not be occurring in a public forum. It is embarrassing!
Good video
what about stay at home moms who never worked? can they take out their own retirement benefits?
Thank you SSA.
Mine ,which was claimed at 62 ,provided me with a dependent benefit as I have a child who is a minor.
I reach my FRA Jan 2022, 66 & 2 months ,my DOB is 11/25/1955 now! do i have to wait till my birthday the 25th or the 1st of the month the sign up? thank you and Happy New Year
Is it possible to do a video on what happens to the children of parents who have worked for 25 years or more for a federal entity and was also a veteran their children only find out that once they turn 18 even though they were born disabled medically and learning disabled when it comes time to try to go to school to put it nicely your spit in the face I put myself through as much schooling as possible I made absolutely sure that my children graduated they are still not married And to this day even though the policy states the grand children unmarried can receive a pension nothing not even 1/2 a penny and when it comes to shares purchased they were transferred and bought out without even ever notify my mother or myself who are the second beneficiary
If the government wouldn’t stole the money . There would be money.
Thank you for your information. I have question you mentioned "during the year to reach FRA". My FRA is July 2022. So I try to file retirement Jan or Feb 2022 which is little earlier. My earnig is $ 38700 per year. do you think this way is OK?