When You Should Apply for Social Security to Maximize Your Benefits!

[@henryfredette6735]

...but what is never taken into account is the money you will be losing if you wait; $1,400 x 56 = $78,400 lost if you wait until 66 instead of claiming benefits at age 62.

[@joannparker1977]

Yes. And you can invest that money!

[@popkids7907]

Exactly. Life expectancy comes into play for the number of years you would have to live past 66 to recoup the money lost not collecting at 62.

[@moniquemonicat]

Absolutely right! I just calculated my benefits and it will take me almost 10 years to break even if I wait til age 70 so this video seems a bit deceptive that it didn't mention the $107k won't be getting if I start at age 70 instead of age 62.

[@uncareid5557]

While I learned nothing here it was a good review. Thank you, KZbin for my education and thank you Josh Jalinsky for being my financial quarterback and talking me out of taking SS at 62! Don't worry about breaking even- worry about being old and broke!

[@mrwhite8444]

Who says your going to live to 65 or 70 I'm grabbing it at 62 before Biden pulls the plug on that too

[@truthmatters9594]

@@mrwhite8444 The problem with your answer is not that you plan to start SS at age 62 the problem is the reason you plan to start SS at 62, if you are single and/or have a lot of other retirement income beside SS then starting at age 62 is probably an unkindness to your spouse and very likely you or your spouse will end up Old and Broke. Do more research or the issue before starting your SS.

[@mrwhite8444]

@@truthmatters9594 my wife and I do both have some pention her more than myself plus we live in a $400,000 home that could be sold if need be

[@DavesShop]

Hi Danielle this is great information keep sharing many people don't understand SS

[@BoomerBenefits]

Thanks for your comment! We're happy to help.

[@warrenbates2949]

It is confusing.

[@jdvandy8528]

I have no desire to live past 70 and play the waiting game.. I’ll take mine( if I make it )at 62 and live a handful of easy years fishing and relaxing then go sky diving .. and not pull the cord

[@dailyoptions7832]

Totally agree, u would be dumb not to dip you hand in right now, most people say this thing will be gone when mellanials retire

[@uncareid5557]

Suicide is theft- God put you here to benefit others. I hope you are just blowing smoke. But do take SS at 62 please. Your reduced payment will help keep the system solvent.

[@dailyoptions7832]

@@uncareid5557 anything is possible under this chaotic era of politics and money devaluation by feds manipulation...system will never be solvent again...even it will be left solvent for later generations but at the rate of dollar devaluation your 1000 in 10 years will be worth like 100_200 today or maybe less

[@dailyoptions7832]

@K Maxx go ahead my man...by then I woulda made more than just 1000...in the new era lol...but thanks for replying

[@SandfordSmythe]

illness, don't be so pessimistic about life after 70.

[@dugfriendly]

This is such a great channel. I'm GenX, but thinking ahead. Thanks for your advice!

[@glennledder5758]

A lot of factors go into determining the optimal time to take SS benefits. The longer you live, the later you should have taken your benefits, but by the time you die it is too late to know if you were too early, too late, or just right. All you can do is make your best guess. If you have reasons to believe your life expectancy is longer or shorter than average, you should take that into account. There are other, more subtle factors. Suppose your spouse is older than you and had much lower earnings during their career. When you retire, your spouse will then be entitled to spousal benefits amounting to 50% of your benefits. If this is more than the benefits they are already getting, your spouse will get a monthly bonus. That monthly bonus starts when YOU retire, so delaying your retirement means that it will take more years at the higher retirement level to catch up. Retiring a year or two earlier might be a good financial move. The same is true if you have adult children who receive SSI.

[@henryfredette6735]

No, they do not.

[@RetireCertain]

This was fantastic information; I have a YT channel focused on alternative income and investing after 50 so really appreciate your efforts:) you are clearly an expert. Thank you from a boomer.

[@henryfredette6735]

Than you best learn how to do simple math.

[@nala3038]

They keep talking about the 8% increase if you delay filing. The 8% increase is not an unbeatable deal. You get 8% more for not taking 8% more for not taking money for a year. This is NOT a good deal. The statement that it is better to take money out of investments and delay taking SS benefits is flat wrong. If you take SS and leave the money in investments you will be ahead by hundreds of thousands of dollars before you reach 70. The break even is pushed out well into your 90s for a single person and never catches up for a couple if one dies before 80. Sit down and run the numbers for the different cases (62,65, 67 and 70) with not taking funds out of investments and letting that grow. If you are going to rely on SS for your primary income, then it is best to work longer and take SS as late as you can, if you retiring earlier and have savings, take SS as soon as you retire.

[@AE-tb4ee]

@Warrior for Jesus Christ CORRECTAMUNDO!!!

[@AE-tb4ee]

YOU NAILED IT!

[@dutchleussink156]

Well Said!👍

[@21550spurs]

My brother took his at 62, and died at 69. If he would have waited to 70, he would have gotten nothing. Too bad we cannot foresee the future. My brother in law started at full retirement age, because he said in the long run that you will collect the same amount of money as if you would if you waited until age 70. I am still working, and my FRA is next year. I am trying to decide whether I should begin social security @ FRA, or wait

[@allittle1034]

.4eqy1g

[@dewalton17]

What if you were paid to much

[@matt75hooper]

Most folks are terrible with money and should simply wait til 70 to collect. The single greatest reason to wait to 70 is your spouse will receive your larger payment after you're gone. She had your children. She deserves to live a little better in retirement.

[@69ztang]

But what if she's got a pension too and a nice nest egg so she'll be OK. That's my case. She's not getting much SS because of her pension, so I've decided to start collecting SS at 63 and maybe invest some in her Roth.

[@jeffpfister5209]

Best on utube explaining Medicare

[@BoomerBenefits]

That means so much to us! Thank you. We're happy to help.

[@christopherhennessey8991]

Mine ,which was claimed at 62 ,provided me with a dependent benefit as I have a child who is a minor.

[@PassionForWCS]

would love to hear more about what you said from 5:42 to 5:50 please?!

[@BoomerBenefits]

Hi Tim - Here is some additional information from Social Security about SS benefits while working: www.ssa.gov/benefits/retirement/planner/whileworking.html

[@krismaly6300]

Thanks for educating the community and appreciate your volunteering Thanks to Team Please keep posting updated SSA and any retirement videos When to retire and how decide when to retire If a person reaching 66 plus 2 months when he he should start applying for ssa benefits. Coukd you please advise me please please

[@BoomerBenefits]

We are not SS experts so we recommend you seek SS advisement from Devin Carroll

[@krismaly6300]

@@BoomerBenefits I am expecting un-obligated answer with your commonsense

[@BoomerBenefits]

@@krismaly6300 Here is a link to a great Social Security group and KZbin channel: facebook.com/groups/428684237572614/ kzbin.info/door/y8uDv16fjTy51bz0iS8T-Q

[@yvonnedelories4780]

I'm enjoying your videos. New subscriber! Thanks!

[@BoomerBenefits]

We're happy to hear that. You can also join our private Facebook group at facebook.com/groups/boomerbenefits

[@newbirth35]

My husband applied for it early, but he won't live to see 67, and we desperately need the money as I'm the only one working.

[@steventogami898]

New subscriber. My FRA is May 2022. I plan to retire April 29th. When is the first month i will receive first SS check? Thank you.

[@markamytraver5762]

Another good video! What is the suggested link to calculate what your Social Security benefit will be?

[@BoomerBenefits]

Hi There - here is the link! www.ssa.gov/retirement

[@willlee7091]

Thank you for your informative video I have a question regarding earned income. When does SSA begin determining earned income? I'm planning on filling for benefits on March of 2023 prior to my FRA. Does SSA earned income start January 1st of that year or begin after my first check in March? Thank you

[@BoomerBenefits]

Hi Will - There is a limit in 2022 of $51,960. So that is the most that you can earn in the year that you file for your S.S. Here is a PDF that S.S. puts out every year explaining this: www.ssa.gov/pubs/EN-05-10069.pdf

[@quad50mg]

Yes, you will earn 8% per year if you delay retirement at age 70 . When does the 8% per year earnings begin ?

[@josielancaster7095]

Thank you

[@denkat55]

I reach my FRA Jan 2022, 66 & 2 months ,my DOB is 11/25/1955 now! do i have to wait till my birthday the 25th or the 1st of the month the sign up? thank you and Happy New Year

[@BoomerBenefits]

Hi there - You can do your enrollment earlier and ask for the start date that you want! Happy New Year!

[@dpaulak]

At the end of the day...Its a crap shoot no matter how you look at it.

[@uly1972]

Great info, thank you. I'll be at my FRA, 66 and 4 months in August of 2022. I'm retired but working approximately 30 hours per week as a consultant and I have not yet taken SS. My wife 5 years younger than me) and I have twins who will be 15 at my FRA and I understand that they will be eligible for SS benefits up to age 18, but not until I enroll in SS. Therefore, if I enroll at FRA, we will also receive SS benefits for the twins for about 3 more years. My other option would be to wait until 70 and take my max SS benefit, but lose 3 years of the kids benefit. Are there other options? Is one scenario better than the other? Thanks for your thoughts. Mike

[@highdream2282]

Thank you for your information. I have question you mentioned "during the year to reach FRA". My FRA is July 2022. So I try to file retirement Jan or Feb 2022 which is little earlier. My earnig is $ 38700 per year. do you think this way is OK?

[@BoomerBenefits]

Hi there - With this type of question, we would like to refer you to our friend Devin Carroll, who is a Social Security expert. He will be able to help guide you in the right direction. Here is the link to his Facebook group: facebook.com/groups/428684237572614/

[@dutchleussink156]

Thank You Ma’am 👍

[@LuckysMotorcycles]

This does not account for how long you will live. Also, if the program gets reduced or goes broke.

[@paulhi9228]

What is the last federal program that went "broke"??

[@benvarela4472]

@@paulhi9228 THANK YOU!!!

[@benvarela4472]

@@paulhi9228 One Program did, from the time of the Civil War. It's the only one that I KNOW of

[@jadeheart911]

Exactly !!!

[@tedreid1035]

If you have the misfortune to live a long time you will get more if you wait to take it.

[@SilverHonda0767]

what about my 401(k) and Roth IRA account? Do I have to pay income tax on Social Security if I have my 401(k) and Roth IRA account if I chose to retire before 67?

[@BoomerBenefits]

Hi there - Since we do not specialize in Social Security or taxes, we don't want to provide you with any misinformation. Our friend Andy Panko is a tax expert. Here is the link to his Facebook Group where you can get your tax questions answered by him: facebook.com/groups/taxesinretirement/

[@SilverHonda0767]

@@BoomerBenefits Thanks! But I don’t have Facebook

[@SilverHonda0767]

@@BoomerBenefits is there any way to join your your group without having Facebook?

[@BoomerBenefits]

@@SilverHonda0767 You can always give our team a call directly at 817-249-8600 with your Medicare questions and/or help :)

[@69ztang]

No taxes on Roth IRA or Roth 401k. You'll pay income tax on regular 401k.

[@billyrayband]

The reality of the current situation is millions of people under full retirement age are going to be forced into retirement due to a horrible job market. Couple that with IRA/401K recent losses and the uncertainty of where market is going will push many to collect SS ASAP. But for those with some assets, they will need specific advice as to whether they can still delay SS or not.

[@meta-lifestyle7766]

I am 62 and living overseas, I have not contributed into the SSN account for the last 20 years; can I still reactive it and will I benefits from doing it?

[@BoomerBenefits]

Hi there - This is a great question for our friend, Devin Carroll, who is a Social Security expert. Please feel free to ask Social Security questions in his Facebook group: facebook.com/groups/428684237572614/

[@aja_6093]

Thank you very informative

[@edrodgers4581]

I have watched many videos about the "right" age to begin collecting Social Security. When I look at my SS statement it seems so obvious that the best age is 70. I'm 66, my benefit today would be $3,313. If I wait until I'm 70 it will be $4,342. Am I missing something?

[@BoomerBenefits]

Hi Ed, You can receive Social Security benefits as early as age 62. Though you can begin benefits as early as age 62, filing earlier than your Full Retirement Age will reduce your monthly benefit. Anyone born in 1960 or later will attain their FRA at age 67. You can obtain your maximum Social Security benefit at age 70! But, your S.S. will not increase past age 70.

[@69ztang]

If your in great shape and you last until your late 80s that'll be a good choice. I'm not in great shape and the break even for my FRA is late 70s so I'm getting it at 63🤞

[@edrodgers4581]

@@69ztang Nick there is no reason for you to accept a small check.

[@melindabaker6251]

I may be eligible for widows benefits at age 60. I was married for 15 years before the divorce. Where can I find a death certificate?

[@yazminmojica4458]

Excelentísimo! 👍🏻

[@jantiswade-fulton15]

If you start receiving Medicare B and decide to go back to work full or part time and the company you work for has medical benefits; do you refuse the medical benefits from the company or can you postpone Medicare B. What is the way to handle this type of situation.

[@BoomerBenefits]

if you return to work for an employer with 20+ employees and you're covered by their insurance plan, you can dis-enroll from Part B without a late enrollment penalty. But, if the employer has LESS than 20 employees, you will want to stay enrolled in Part B since this will be your primary coverage. Learn more about disenrolling from Medicare here: boomerbenefits.com/how-to-disenroll-from-medicare/

[@coltshawn8438]

Hi Ma'am i have a question, so My husband filed his SSA benefits last July, so we have a 3yr old son. And we also applied for his and mine benefits. So my husband he already get his backpay 2months. My question is when is the possible we can start receiving from me and our son benefits? Your answer will be much more appreciated. Thank u so much.

[@BoomerBenefits]

Hi Colt, We want to steer you in the right direction, so we recommend reaching out to our friend, Devin Carroll, who is the Social Security expert! Here is a link to his Facebook group where you can ask this question and get it answered by him: facebook.com/groups/428684237572614/

[@lewismilton21]

Hi Danielle I enjoy all the information that you have share with use I was concern about medicare could we be denied medicare if we have money save back for our retirement

[@BoomerBenefits]

We're happy to hear that.

[@lewismilton21]

@@BoomerBenefits my brother-in-law he passed with cancerhe worked at a school he received a lump sum of money social security cut him and his wife off of social till their Bal dropped to near 0 before it started up again that what he told me that's why I asked the question about the amount of money we have in an account when we start on Medicare

[@BoomerBenefits]

@@lewismilton21 We're sorry! We must have missed the question. No, you cannot be denied Medicare for having money put away for retirement.

[@walterknox5953]

t is rarely a good idea to begin collecting SS before 70. Why the rush to be first in line at the Federal welfare trough??

[@michaelholton3448]

I am retired and living in Thailand. I am 64 and plan on applying for my SS benefits at 66+8. My question is twofold. My wife is a Thai national, she is 57, can she as a non-US citizen collect my benefits after I pass? How long must we have to have been married before she is eligible? Thanks

[@BoomerBenefits]

Hi Michael, since we primarily specialize in Medicare plans, we recommend directing your Social Security questions to our good friend, Devin Carroll, who is a Social Security expert! Here is the link to his Facebook group where he can answer your questions: facebook.com/groups/428684237572614/

[@gracesmith4434]

Does receiving any other retirement benefits like retired Navy & receive VA disability Decrease your ssb, should you choose to apply for early ssb at age 61&4 months prior to turning 62 & your full ssb is at age 67? If so by how much? And Then factor in an award agreement for workers' compensation

[@BoomerBenefits]

Hi Grace - We recommend asking these Social Security to our friend, Devin Carroll, who is a Social Security expert. Here is his Facebook group you can join and get your S.S. questions answered by him: facebook.com/groups/428684237572614/

[@GeorgeFitness-yo8bl]

You should also mention if people are collecting a pension, have a TDA, and other investments which would allow them to collect SS at 62!

[@BoomerBenefits]

Anyone can collect their SS benefits as early as 62

[@GeorgeFitness-yo8bl]

@@BoomerBenefits I know that. If they have other sources of income it’s a no brainer

[@joe-vl3nd]

Good video

[@michaelwilhelm2148]

Regarding your money, social security COLA's, etc. People, remember INFLATION - is worse than you think!! Since the 18th of March until today (11/4) The US Dollar has dropped *exactly* 10%! That means, by definition, the cost of imported goods will be more expensive (INFLATION) than earlier this year because the dollar has been DEVALUED. Since our country has been running trade deficits (with a few exceptions) since the mid-80's (with stagnant wages that have flat-lined since 2000) , are we really surprised about the cost of goods and the cost of living?? Because EVERYONE'S taxes are going up next year due to federal tax revenues shortfalls this year, be prepared for dollars to be sucked out of your wallet as you shake your head in disbelief! This gives new meaning to the words "money velocity." Then you have to factor in all the other money you are going to be required to pay for things like The Green New Deal, The Great Rest Agenda, Medicare for All, reparations, for the "oppressed," "free" college and university tuition for everyone, healthcare for all undocumented immigrants, and other pet projects of the Global Elite, your standard of living, by definition goes down. Money that we think we have earned and saved... nope, it is not yours. It belongs to your Federal Government. Add in Money Monetary Theory with central banks around the globe and you've got a massive increases of poor, indentured servants ... and even more concentration of elites and powerful banking institutions all around the world. We are peasants. Revolt!

[@727Alexandria]

Just by chance, will my Social Security Disability payments be counted as income toward retirement?

[@dresser6135]

Your SS disability is your Soc. Sec.

[@rnklv8281]

If one qualifies and receives Medicare Advantage (paying "out of pocket" premiums) but is not "drawing out" from Social Security, do any special "working rules" apply?

[@BoomerBenefits]

Hi there - Are you referring to working for an employer while being enrolled in an Advantage plan? We just want to make sure we understand your question correctly.

[@rnklv8281]

@@BoomerBenefits Yes, that is correct. My question was based on the potential employer not offering a better health/medical plan than Medicare Advantage, an employer health plan which had higher "pay-in" premiums and not offering as much health/medical coverage as a Medicare Advantage plan.

[@leslyfrancois6230]

Thank you SSA.

[@joannatelfor146]

What can I do to see if I qualify for more money or wouldn't I? And can I collect both ssi & ssdi?

[@raulsergio8650]

God bless you 💐💕💐💕👍👍

[@joannatelfor146]

I have been on ssdi since 2010 they told me I wasn't fully disabled. I know I am now if I wasn't before. What to do?

[@BoomerBenefits]

HI @joannatelfor146 - it would be best to reach out to Social Security to see if you are qualifying for Medicare! If you are, give us a call and we can assist at 817-249-8600.

[@m.j.cloverszone1354]

hello, greate information, i have a question, my year birth is 1955 and my fra is july 2021. my question is how much in advance for my ss benfits? my brithday is 4/22/55.

[@BoomerBenefits]

Did you mean to ask, "how much in advance do I need to apply for my SS benefits?" If so, that is totally up to you as you can apply anytime. We are not SS experts and aren't the best people to ask SS specific questions to. We recommend our friend, Devin Carroll who is the true SS expert. He has a Facebook group and a KZbin channel.

[@A.Musa76]

If I retire at 67 (stop work). What happen if I withdraw Social security at 70? do I still get the maximum amount? I heard you have to enroll for Medicare at 65 or you get penalize after with late enrollment fee's. Can some one confirm this?

[@BoomerBenefits]

Yes, if you wait until age 70 to withdraw Social Security, you will receive the maximum amount of your Social Security benefits. Your Social Security enrollment and Medicare enrollment are two different things. If you are not actively working for a large employer and covered by their insurance, you will need to enroll in Medicare during your Initial Enrollment Period. Your IEP begins 3 months before your 65th birthday month and ends 3 months after your birth month. If you are not receiving SS benefits while enrolled in Medicare, there are 3 ways you can pay your Medicare premiums. Here is more information: boomerbenefits.com/new-to-medicare/apply-for-medicare/ boomerbenefits.com/how-to-pay-medicare-premiums-online/

[@nala3038]

Delay if you like your work. Don’t delay if you like your freedom.

[@BoomerBenefits]

Thanks for sharing your viewpoint, Nala. We do see many seniors waiting until they retire to collect their benefits.

[@dailyoptions7832]

Is It true that as soon as we reach around 63 to 65 whether or not you will receive full benefits you should apply asap because most people say this fund will be exhausted in 10 to 15 years

[@BoomerBenefits]

You can't base your decisions on the fearful predictions of what may or may not happen. You should always base these types of decisions on what is currently factual. With that said, it's totally up to you when you start your benefits.

[@dailyoptions7832]

@@BoomerBenefits facts though 2 years ago I checked my ssa retirement benefits that by 66 yo and 6months i would be able to receive 1300 a month, by now it is down to only 1000 If I decide to retire at full age. This is facts by my example, therefore I had to claim it in few months before that age I know it is shrinking and no way and no person in right mind will not do so...

[@BoomerBenefits]

@@dailyoptions7832 The benefit price will change every year you look because the SSA takes your highest earning 35 years of work to calculate your benefit amount. So that would be why it changed. Anyway, we're happy you came to a decision you're happy with.

[@bhinbayoucity5691]

Hi Danielle, got a ? I had seen on one YT channel that one could actually earn a slightly higher benefit if they waited from 70 to 71, then the benefit would slightly decrease every year from ages 71 all way up to 99. Is this true? Or is the highest monthly SS check still at age 70?

[@BoomerBenefits]

Hi there - The Social Security benefit you get at age 70 will not increase or decrease after age 70. However, we always recommend speaking with a financial advisor about this. www.ssa.gov/benefits/retirement/planner/1943-delay.html

[@zombieapocalypse3837]

There is the possibility that every age from 62 to 63 and onward will have slightly increased PIA due to COLA's and yes it will increase (maybe) from 70 to 71, and from 71 to 72, and from 72 to 73 and so on and so on, just depends on the rate of inflation during the third quarter of the previous year. Of course the other thing that will increase will be your Part B Medicare premium that automatically gets deducted from your Social Security benefit before you receive your money.

[@yuna8388]

Hi Danielle, I would like to know what I could do to maximize my monthly pension when it's time for me to file on my own record.I'm 62 and availing widow's pension on my husband's record.I am sure my husband 's earnings were higher than mine, so once I file on my own, might be lower.The amount I am receiving now is not enough to get by so thinking ways how I can work more on my own earnings record.I'll appreciate it very much any inout you can give me.

[@BoomerBenefits]

Hi Grace, we are a Medicare brokerage and are not experts on Social Security/Pensions. We simply know SS basics. We recommend you head on over to Devin Carroll's KZbin channel for that advice.

[@edsiler3260]

Seems the entire video focuses on maximizing the monthly figure only & ignores the cumulative figure & life expectancy.

[@dantereyes3164]

I already filed the social security benefits and got approved on May 2020. I have not any benefit yet. Can I withdraw my application and re-apply later? Thanks

[@BoomerBenefits]

We are not SS experts, so we aren't the best people to answer this question. We suggest you contact Devin Carroll either here on KZbin or on Facebook.

[@anthony75040]

Is it possible to do a video on what happens to the children of parents who have worked for 25 years or more for a federal entity and was also a veteran their children only find out that once they turn 18 even though they were born disabled medically and learning disabled when it comes time to try to go to school to put it nicely your spit in the face I put myself through as much schooling as possible I made absolutely sure that my children graduated they are still not married And to this day even though the policy states the grand children unmarried can receive a pension nothing not even 1/2 a penny and when it comes to shares purchased they were transferred and bought out without even ever notify my mother or myself who are the second beneficiary

[@rephillips56]

My median life expectancy is 57, based on being an African American male born in 1956. I can’t see why anyone would wait until 66+. The dead collect nothing but I have never seen that in any calculations.

[@ronnieneville5914]

Don't you believe that mess you don't know how long you are going to live ✌️.

[@SandfordSmythe]

That is most likely a statistic from birth, find one pertaining to folks reaching working age. This is what the SSA uses. And look at your own socio-economic upbringing.

[@iluvzurara2]

what about stay at home moms who never worked? can they take out their own retirement benefits?

[@BoomerBenefits]

You will likely be able to qualify through your spouse if he/she is eligible for Social Security benefits.

[@iluvzurara2]

@@BoomerBenefits thank you so much yea that's what i thought. would you happen to know or recommend any agents in NY? (i noticed your description box saying the team isnt licensed in NY)

[@BoomerBenefits]

@@iluvzurara2 We do have a NY referral! Please message our public Boomer Benefits Facebook page and we will share our contact information with you.

[@iluvzurara2]

@@BoomerBenefits thank you!

[@raulsergio8650]

Thank you 🙏

[@BoomerBenefits]

You're welcome :)

[@thebootielover]

@@BoomerBenefits Does Social Security COLA affect future retirees?

[@juangarcia8828]

Social Security at 70. Begin IRA and 401-K RMD's at 72. Be smart!!!

[@michaellatta]

If you assume a 6% return, it does not pay to delay after full retirement age

[@BoomerBenefits]

We have met many people who take SS early and invest it themselves to try for higher returns. So many schools of thought around this!

[@AmericanConstellation]

Get your money now!

[@proudgrandma1268]

Mary may make more per month if retire at age 70, she lost $134,0000 by no SS income those years. She will not break even until after after age 82!! That is she lives that long.

[@rseneck100]

Why would anyone wait till age 70 when they can't do anything for fun without breaking a bone and then dying? Plus 10yrs ago it said I get 600 bucks at age 62. 10yrs later after busting my ass at work, and today it says I still only get 600 a month. Why is this and why bother working anymore if social security never ever goes up for me

[@BoomerBenefits]

We hear you! If you wait until age 70 to draw your Social Security benefits, you will receive your maximum benefit. If you draw Social Security before age 70, you will have a reduced benefit. It is 100% up to you at the end of the day!

[@69ztang]

They average your 35 best earning years if you work less than that then I would assume it doesn't change much, but for me it increased every year that I worked and I was earning more than the previous year. My last year I earned less so the last estimate went down a little.

[@frogman9913]

What is you’re tired and you’re working two jobs

[@frogman9913]

PsI’m 63 im working 2 jobs at the end of the day. I am tired. What do I do about that?

[@BoomerBenefits]

Hi @Frogman9913 - We have a great referral for Social Security based questions, Devin Carroll. You can join his private Facebook page and ask for his advice! Here is the link - facebook.com/groups/428684237572614

[@umissajaber2464]

Can someone who just worked and paid for 33 quarter apply for retirement at age 62 and up??? Thank you

[@BoomerBenefits]

Anyone born in 1929 or later needs 10 years of work (40 credits) to be eligible for retirement benefits. www.ssa.gov/pubs/EN-05-10072.pdf

[@denettasmallwood9143]

Hi Danielle I will be 62 in March of “21” I want to draw social security off my ex husband. I am remarried, we were married for 39 years and do not know the process of going forward can you help me

[@BoomerBenefits]

Hello. Although we know some SS basics, we are not the best people to ask for specific SS advice. We suggest you contact Devin Carroll either here on KZbin or on Facebook: facebook.com/groups/428684237572614/

[@jamesmcglynn6948]

You can't receive spousal benefits if you have remarried. If you didn't remarry before age 60 you could rceive survivor benefits if your first spouse is deceased however!

[@vincentcarr1013]

Im from south Florida ******

[@scottchristian5056]

No mention how long it takes someone at 67 to catch up to the total income from someone who started at 62. You should always start taking ss asap.

[@tedreid1035]

Well, it's different for everybody. For us it's age 80. Or if we wait until 70 to start, everything is even at age 87 and It will be an extra $1000 a month.

[@sergiohernandez-fz2xx]

Why wait until 70 hell no so you can buy more diapers if you make it to 70 can't buy time for me 62

[@dresser6135]

I'm 72 & not a diaper in sight....

[@MJK0703]

I NEED A PERMANENT PASSWORD.

[@scottchristian5056]

Take as asap. You don't know how long you will live.

[@tedreid1035]

Not always a good idea. Our break even point is age 79. We have a history of living long in our families. We will get more if we wait longer so if you can, might be better to do it that way. It's different for every situation though.

[@rachelcorrie8928]

Smart people take it at 62.

[@BoomerBenefits]

Everyone's situation is different! For some people, it works best for them to take it at 62 while delaying it past 62 works better for others.

[@rachelcorrie8928]

@@BoomerBenefits lt takes 12 years to catch up by waiting, if someone waits until 70 he/she would breakeven at 82.

[@rhondarollins432]

If the government wouldn’t stole the money . There would be money.

[@moniquemonicat]

Why don't you mention that we would lose out on all that money we would've been collecting for 10 years had we took our ss at age 62? I calculated mine at $107k that I won't get if I take my ss at age 62 and wait until age 70. I will have missed out on $107k that I could've been collecting for 10 years before age 70.

[@BoomerBenefits]

Hi there, we do mention this in the video! If you draw Social Security before age 70, you will have a reduced benefit.

[@69ztang]

You more than make it up in your late 70s or early 80s by waiting till FRA OR 70. But I'm not taking that chance in my particular situation.

[@jamesripton7120]

Retiring too young can cause many problems later. 62 is certainly too young. Most of us should wait until 70 to begin collecting a Federal welfare check.

[@joannparker1977]

What did you just say? Throughout my entire working life, I have paid into the Social Security fund. So, it is not some Government Entitlement. At least in my case.

[@jamesripton7120]

@@joannparker1977 You did not pay in for yourself. You paid in for others. SS is not a retirement fund. It is a huge Federal transfer program. That is why it is welfare. Collect your check each month, but understand it is an undeserved benefit.

[@jamesripton7120]

@@joannparker1977 Paying into the program has nothing to do with SS being welfare. You also paid into programs that provide food stamps and other forms of welfare. SS is a huge federal transfer program.

[@websterhays8352]

Social Security is welfare for old people.

[@SandfordSmythe]

No, people pay into it.

[@websterhays8352]

@@SandfordSmythe The benefits you are receiving are from the SS taxes working people pay. You are collecting a Federal welfare check.

[@billpasaki4769]

American seniors are so greedy. Why all the talk about undeserved Federal welfare benefits? This discussion should not be occurring in a public forum. It is embarrassing!

[@hughmacdonald3595]

Lol. Skip. Vapid information that takes 9:38 to endure.

[@mikelyons70]

Thank You

[@BoomerBenefits]

You are so welcome!