I am turning 65 in October of 2017. My husband of 22 years passed away 6 years ago and was 21 years older than me. I will continue working until I am at least 66 but plan on drawing my widows benefit in January (at a reduce rate but substantial $1819.50)). I will still work and collect the widow benefit because for some reason my widow's benefit does not increase after I turn 66. I will bank or invest all of my SS check. I understand I will not be penalized as long as I don't make over 42,000 (and change) before my birthday of 10/2017 which I will not. I can then collect my benefit at 70 which will be a little bit higher??

Does this plan sound feasible? I am trying to retire no later than 67.

Thank you,
Lynda

Hi Lynda,

I'm sorry for your loss.

Yes, your plan sounds fine to me based on the information given in your question. You may want to double check using the maximization software available on this website, though, just to be sure that you choose the best possible strategy.

Best, Jerry