Friday, November 23, 2007

Maximizing Benefits for Social Security

Q: Love the info on your site. One topic I do not see anything about is Social Security and how to maximize benefits. I am a 62 year old widow with a working income of $60,000 + a year. Currently my benefit at full retirement of 66 and my husband's spousal benefit are about the same but I know I can take one and later on change to the other. Is there a strategy here? I plan on continuing to work beyond 66 but less time (pay) or possibly as a consultant to my current employer.

Any ideas?

A: I know that delaying the start of benefits increases both your check and the spousal benefit check. Since you're working, it may make sense to put it off as long as you can.

Your posted comments on this and other questions are welcome.
If you have a question for Jeff an answer is just a click away.
Find a wealth of information at Jeff's website.

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