Do you have other income to support you if you decide to delay taking your benefits? - Medicare Sherpa

Sep

2010

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Social Security

Retiring at Age 66, 67, 68...

Do you have other income to support you if you decide to delay taking your benefits?

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TOPIC: Do you have other income to support you if you decide to delay taking your benefits?

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#56

Do you have other income to support you if you decide to delay taking your benefits? 8 Months ago

Karma: -1

If you don't need your benefits immediately, you may decide to:

* wait beyond full retirement age and take advantage of the delayed retirement credits or
* choose early retirement and increase the value of your benefits by investing them instead of spending them

Reminder: If you're receiving early retirement from your employer, keep in mind that some company pensions include a Social Security-equivalent supplement that stops automatically at age 62. The supplement stops because they assume you will apply for your retirement benefits at that age.