I am 69 and plan to work full-time til I'm 75. Should I apply for SS benefits now? Although I will take a slightly smaller benefit, won't it increase as I continue to work full-time?
Thanks for your help!

Hi,

It would probably be best to wait until age 70 to start drawing your Social Security retirement benefits, but that's up to you. Your benefit rate could continue to increase if you work in the future and earn more annually than in one or more of the highest 35 earnings years previously used to determine your benefit rate, but you would still get 8% less if you start drawing when you turn 69 instead of age 70.

Before filing, you should strongly consider using our maximization software in order to compare your options and determine your best strategy.

Best, Jerry