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Trusted Social Butterfly
Posts: 7,094
Registered: ‎02-14-2008

Re: should I start to draw benefits

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Message 1 of 3 (533 Views)

Do you realize that every year you wait, your SS benefit will go up by 8%, even if nothing is paid into it (until age 70). Plus, that is accrued on a monthly basis, so you don't have to wait a year to get a benefit increase.


Just think. The world was built by the lowest bidder.
Recognized Social Butterfly
Posts: 1,195
Registered: ‎04-07-2009

Re: should I start to draw benefits

Message 2 of 3 (560 Views)

I say, that is something you need to figure out. Do you really need the extra money now? Have you visited the Social Security web site, created an account, and figured out if you will lose any part of that because of your income from working? At what age do you reach full retirement age? Do you still enjoy your job and working?

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Info Seeker
Posts: 1
Registered: ‎07-31-2017

should I start to draw benefits

Message 3 of 3 (572 Views)

I am approaching 65th birthday and want to continue working.  90K per year.  Should I start to draw my 2400 monthly benefit or wait?