When to start getting Social Security?

What’s the optimum age 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 bibliography below.

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

Save for your Future .org



Links & Resources



Charles Schwab

How Work Affects Your Benefits, and

IRS Publication 915: Social Security and Equivalent Railroad Retirement Benefits.

Retirement Benefits #10035

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 

Retirement BenefitsRetirement Benefits # 10035

Retirement Check List # 10377


Social Security
Understanding the Benefits # 10024
25 pages

Social Security - Understanding the Benefits

How Social Security Can Help you Plan for Retirement
30 minutes


Payments if you are living outside of USA # 10137

Medicare and You 2020 #10050  
Everything you want to know 

Medicare and you

Different Parts of Medicare 

A = Hospital
B = Doctor Visits - Out Patient
C = Medicare Advantage or Medi Gap
D = Part D Rx


Understanding your Medicare Choices
Medi Gap vs Medicare Advantage


How to sign up for Parts A & B
Is  your test, service, or item covered?
Original Medicare Parts A & B
Medicare Advantage Plans & Part D Rx
Supplement Insurance (Medigap)
Low Income Help  LIS

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7 comments on “Optimum Age to start taking benefits 62 – 70?

  1. I’m in my 60’s and have excellent genes and expect to live to 120. What can I do to maximize my benefits? Is it true that the last 3 years of earnings count the most?

  2. Is there a calculator to see what your benefit is, if you continue working…

    How much is withheld and given to you later… 

    How much extra do you get when you finally retire as you’ve paid more into Social Security, while you are getting a benefit?

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