6 Ways to Maximize Your Social Security Payout

Reader Comments
Back to article

WHO is Guarantee TO LIVE 70 years or more? in this life?

neftali medina of NJ 8:16AM August 14, 2010

WORKING AND PAYING INTO SOCIAL SECURITY UNTIL AGE 70 PROVIDES A HIGHER BASIS FOR CALCULATION OF THE HIGHER PAYOUT. THE HIGHER BASIS CANNOT BE ACCOMPLISHED IF PAYMENTS TO SOCIAL SECURITY ARE STOPPED PRIOR TO AGE 70. THE MUCH HIGHER MONTHLY SOCIAL SECURITY CHECK IS ACHIEVED BY ONLY THOSE WHO WORK AND PAY INTO SOCIAL SECURITY UNTIL AGE 70. LIVING LONG ENOUGH IS THE ONLY CERTAIN WAY TO RECEIVE AN OVERALL MAXIMUM PAYOUT.

W. KELLY 4:20PM March 16, 2010

Right On, JW. I did the math and decided to start taking at 62 - Ye 'Ol Bird-in-Hand.

Willy C of VA 1:34PM March 16, 2010

IF you start collecting at age 62 versus age 66, it will take 16 years of payments until you have received the identical sum of money from the government....age 78. Assume 3% annual inflation and the buying power of the money has decreased by 48%.....the government will not tell you that.

JW of FL 3:27PM February 09, 2010

NEED TOM PROVIDE PEOPLE ON SS EYE AND DENTAL CARE ALSO FOOD STAMPS.

LANI ANDERSON of DE 3:03PM February 07, 2010

I am a 72 yr old with Emphysema & had Ccancer,had to have a permenent colostomy & still have a battle with Medicare thanks to the idiot in the White House..

Sharon Mancuso of RI 11:03AM February 01, 2010

What about the taxes you pay on the SS from 62 -66 or 70? Do you get that back?

Barbara of CT 6:01PM January 28, 2010

AND YOU SO RIGHT EARLEY BIRD GET WORM.

JOYCE JACKSON of LA 5:41PM December 28, 2009

When to start makes little difference for a single person with average life expectancy. However for a married man with a wife a few years younger, it makes a world of difference. She'll life long enough to benefit from a delayed start. I'll start early, withdraw and re-start at 70 ..... for her benefit.

Ken of KS 4:52PM December 07, 2009

Divorced couples were not addressed. My husband was married for 20 years. We have been married 15 years. Can his ex-wife claim benifits based on his income. If so, what about me? I am 62 and still working but my husband has a much higher income.

Bonnie of VA 8:37AM December 02, 2009