Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

question everything

(50,089 posts)

4. I received a letter from the SS when I reached 66

Reply to Jirel (Reply #2)

Tue Dec 8, 2020, 01:27 AM

Dec 2020

Spouse and I went to the local office. Only in the car I read the letter to find a suggestion to make an appointment. Oops. We met with a wonderful agent who performed break even analysis under different scenarios and we decided to start then. This way we could wait to 70 1/2 to start withdrawing from one IRA.

Several years later we suggested to a family member to request a similar break eve analysis and she, too, started taking benefits instead of waiting to reach 70. Having these benefits allowed her, a year later, to quit her job at a very low pay that she hated.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

4 replies

= new reply since forum marked as read

Highlight:

Social Security and delayed retirement credits [View all] question everything Dec 2020 OP

When I looked at my increases for delaying, the increases did not uniformly rise. Pobeka Dec 2020 #1

This discussion often comes from a false premise. Jirel Dec 2020 #2

I received a letter from the SS when I reached 66 question everything Dec 2020 #4

I was glad to read your final paragraph. PoindexterOglethorpe Dec 2020 #3