What’s the optimum age 62 -70 to start taking
your Social Security Retirement Benefits?
The longer you hold off on taking your Social Security, you get an 8% increase in your check. Then you will also get cost-of-living increases. If you continue to work, that would increase your benefits too. See the official Social Security publications to the right or scroll down if you’re on a smart phone, see also the calculators & bibliography below. Our VIDEO explanation of this page.
Don’t forget about Medicare @ 65
If you plan to delay receiving benefits because you’re working, you’ll still need to sign up for Medicare three months before reaching age 65. If you don’t enroll in Medicare medical insurance or prescription drug coverage when you’re first eligible, it can be delayed and you may have to pay a late enrollment penalty for as long as you have coverage. You can find more detailed information about Medicare here or scroll down and see general brochures & videos.
Social Security’s Planning Tools
- Retirement Benefits Publication 10035
- What is your retirement age?,
- Use the benefit calculators to test out different retirement ages or future earnings amounts,
- More about Social Security programs,
- What happens if you work after you retire?, and
- How do certain types of earnings and pensions can affect your benefits?
- Retirement options,
- How members of your family may qualify for benefits,
- How to apply for benefits and what supporting documents you’ll need to furnish, and
- Apply for retirement benefits.
- Retirement Check List # 10377
Steve’s Social Security Video’s explaining how to use and benefit from these pages
- Optimum Age to start taking social security retirement
- Survivor Death Benefits Social Security SSI SSDI
- Social Security Retirement Benefits Maximize age 62 or 70?
- How are Social Security retirement benefits taxed
- reduced Social Security retirement Benefits if you are working
- Story of Medicare – Timeline
#Retirement Benefits # 10035
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Social Security
Understanding the Benefits # 10024
25 pages
Set up an ONLINE Social Security Account - You also need it to get enrolled in Medicare Parts A & B
VIDEO
How Social Security Can Help you Plan for Retirement
30 minutes
Steve's Social Security Video's explaining how to use and benefit from these pages
- Optimum Age to start taking social security retirement
- Survivor Death Benefits Social Security SSI SSDI
- Social Security Retirement Benefits Maximize age 62 or 70?
- How are Social Security retirement benefits taxed
- reduced Social Security retirement Benefits if you are working
- Story of Medicare - Timeline
History of Medicare
on cms.gov
govbooktalk.gpo.govhappy-birthday-medicare/
Nolo Social Security, Medicare, Medi Cal & Government Pensions
Will you have enough for retirement?
Retirement Calculators
- 360 Degrees of Financial Literacy
- AARP - Retirement
- American Institute of Certified Public Accountants - 401(k) plans
- American Institute of Certified Public Accountants - Retirement Planning Basics
- Blueprint Income - Build A Personal Pension Calculator
- Blueprint Income - Guaranteed Annuity Income Rates Calculator
- Choose-to-Save - Ball Park E$timate
- Financial Calculators: Retirement Savings
- Motley Fool - How Will Retirement Effect My Expenses
- Estimate Your Life Expectancy
- Other Benefit Calculators
- When to Start Receiving Retirement Benefits
- Benefits For Your Spouse
- Other Things To Consider
- Retirement Toolkit
- my Social Security
- social security solutions.com fees may apply
- fairly geeky, there are good spreadsheets at www.analyze now/ but they are not easy
- Forbes 5 calculators
Smart Asset.com Social Security Calculator
Social Security Handbook
Social Security & Medicare
OFFICIAL online Enrollment and Benefit Planners
Apply ONLINE
#Medicare10050 and You 2021
Everything you want to know - Read Along
Your Medicare Benefits # 10116
- Enroll in Blue Cross
- Learn about UHC United Health Care
- Enroll in Blue Shield
- Don't like computers? Prefer a printed version be mailed to you? Audio MP 3
- Use our scheduler to Set a phone, Skype or Face to Face meeting
Bibliography
Links & Resources
How Work Affects Your Benefits, and
Terry Savage.com Social Security – Still have mortgage?
Dave Ramsey – Take Social Security early?
Suze Orman – Optimum Age to retire
Social Security Strategies: How to Optimize Retirement Benefits Book the authoritative source on Social Security claiming strategies, Social Security benefits are the largest retirement asset for the majority of Americans. Yet most decide when to begin benefits without advice. this book is a primer for enhancing lifetime income and minimizing the risk of running out of savings in retirement. cut through the maze of rules governing Social Security and will equip you with the information and heuristics you need to offer quality advice about Social Security