[SoCal Pubbie]

I am eligible but trying to put it off because of the rule that you begin to lose fifty cents on the dollar in benefits for wages earned over $15,000. So at about $40,000 in income I’d get no SS at all. Is my reasoning flawed?

[KyCats]

That’s not right. You don’t immediately start to lose benefits if you have additional income. What happens is your social security benefits will be partially taxable.

[The Truth Will Make You Free]

I think you are incorrect. If I understand correctly, the payout the next year is reduced but the payout in future years is increased as if you held back on receiving benefits. So it’s not really a reduction, but a deferral that will be at a higher monthly rate than the reduction (because of actuarial considerations).

Apart from this, I don’t see a value in FRA (full-retirement age). You can start at 62 and must start at 70. The longer you wait, the more you get per month. So you have to consider estimated life span, program solvency, quality of life, financial need, other income sources, etc.

[GailA]

My Preacher waited until 65, applied 3 months early. He was a thin, healthy man. Had all his medical which ran great. At a ministers meeting he went to his car for something, DIED OF MASSIVE HEART ATTACK. 1 months before he drew the 1st check. His widow drew off it when she turned 62. Still doing so, down side SS kept what she had paid in, as a State worker.