Five Smart Reasons to Delay Social Security

Consider the wisdom of delaying the receipt of social security benefits until after Full Retirement Age (FRA).

[@SpinTac]

I’m waiting until FRA. No new taxes! Great show.

[@markjoslin9912]

You’ll get taxed. Just not penalized for working.

[@flybirds2024]

Really, the biggest reason as to when to start collecting in health, if at age 62 you are not in good health it would make sense to start collecting but if you are in good heath it then makes sense to wait until full retirement age!

[@stephend9899]

How many won't reach 67, breathing poisonous chemtrails, GMO's, bioengineered food garbage, weaponized 5G frequencies, big pHarma poisoned toxins/vaxxes, fluoridated water, etc... DO YOU SEE the big picture NOW???

[@patdaly4107]

I only have social security I am 65 yo Now what smart guy

[@petrakperkins]

I am now 1 year past my FRA. I'm going to hold out until 70 to file. I will have housing expenses of about $2000/mo. until my mortgage is paid off in about 13 years. (Grey divorce forced me to buy a new home 16 years ago. Never again!) I'm self employed and my income is starting to trail off and I'm not in the mood to pump it back up. When needed I will begin drawing down my IRA which is now earning a whopping 1% at the credit union. I also have a a 401K from a previous employer that will remain untouched. Now, I have driven my taxable income so low that I qualify for some very nice Senior Citizen tax breaks. At 70 my current SS statement says I will draw close to $4K/ months. I'll need that to keep paying on the mortgage into my 80's. If I claimed now, I would get destroyed with taxes and lose all my senior tax breaks. My parents are both in the their early 90's. So it looks like I will need a healthy income for a long time. There is also the chance that I will get a nice inheritance, but that is not guaranteed.

[@ticktock2383]

NO. Do NOT delay. As a financial professional, I ran the numbers.